Crypto Pulse

Overview The clearest read on the AI capital expenditure cycle is no longer coming from equity screens. It is coming from new issue concessions in the investment grade bond market. Reuters reported on September 22 that the market for highly rated corporate credit has effectively split in two, with bonds from AI-linked issuers meeting caution while financial and industrial borrowers draw spirited bidding. Portfolio managers are not worried that hyperscalers might default. They are worried about t

The last session was Tuesday, September 22, and the three indexes did not move together: the Nasdaq Composite rose 0.45% to 27,244.28 for a second straight record close, while the Dow fell 0.36% and the S&P 500 finished flat, down 0.01%. The stock in focus is Vicor (VICR), up 19.85% at $268.34, market value moving from $10.2B to $12.2B in a day, about 16.3 points above its own industry. The flash composite PMI lands at 13:45 and Fed Governor Barr speaks at 14:05; the US opens at 13:30, so all of

Overview The next entry ticket to the AI capital-expenditure cycle is moving from compute itself toward the infrastructure that sits between the grid and the rack. On September 22, Accelevation, a data center infrastructure manufacturer based in Miamisburg, Ohio, launched the roadshow for an offering of 30 million Class A shares at $20 to $24 each, with an application to list on the Nasdaq Global Select Market under the ticker ACCV. Reuters reported that the company and selling shareholders are

Overview A report that has not been officially confirmed is repricing how the market views China risk at Broadcom (Nasdaq: AVGO). The Financial Times, citing people familiar with the matter, reported that Chinese authorities have been surveying how extensively Broadcom networking switches are deployed across state-controlled data centres, with one person saying the equipment could account for as much as 90% of what is in use at some state-owned companies. Reuters, relaying the report, said it co

Overview Financial stocks took their sharpest coordinated hit in months on Tuesday, September 22, and Charles Schwab (NYSE: SCHW) sat near the top of the decliners list. Reuters reported that the S&P 500 Financial index closed down 2% and the benchmark's bank sector fell 3%, with Schwab down 6.1%, Ameriprise Financial off 4.4% and Raymond James lower by more than 3%. Two separate threads converged on one of the world's largest retail brokerages. The first came from technology: Muse, the personal

Overview Bitcoin pushed back to the $86,000 area on September 21 and 22 after two strong sessions. CNBC reported that the price reached as high as $86,349.90, its strongest level since late January, leaving it up more than 8% on the week and about 34% over three months, with Bitwise's chief investment officer saying on air that he believes the crypto winter is over. Fortune's daily price record put bitcoin at $86,039.36 early on September 22. The price has recovered; the question has not become

Meta's personal AI agent, Muse, is moving from suggesting products to paying for them. On Monday, September 21, 2026, Shopify CEO Tobi Lütke said Shopify will "enable agentic checkout with Shop Pay on all Shopify stores" through a partnership with Muse. Mark Zuckerberg confirmed the partnership on X the same day. Shopify stock rose about 7% on Monday and again on Tuesday, while Meta shares edged lower. Key TakeawaysMuse launched in the U.S. on September 8, 2026, for users 18 and older, a

Viking Therapeutics (NASDAQ: VKTX) stock surged on Tuesday, September 22, 2026, after the company reported topline results from a maintenance study of VK2735, its experimental obesity drug. Patients kept most of their weight loss after switching from weekly injections to every-other-week or monthly doses. By late morning, the shares were trading at $38.08, up 26.5%.Key TakeawaysAfter 21 weeks of weekly VK2735 injections, patients had lost about 16%–19% of their body weight, compared with roughly

Overview Memory shares have become the highest-beta expression of the AI infrastructure trade, and the past week has made that unusually visible. CNBC reported that Sandisk (Nasdaq: SNDK) is up 644% year to date, with Rosenblatt initiating coverage on September 22 at buy with a $2,400 price target. Micron (Nasdaq: MU) has recovered from its mid-September pullback and now faces its own test, with fiscal fourth quarter results due after the close on September 30. No single event explains the move.

SoFi Technologies (NASDAQ: SOFI) traded higher on Tuesday, September 22, 2026, after SoFi and Mastercard switched on stablecoin settlement for SoFi Bank's debit and credit cards. SoFi is moving the whole card program, which it expects to process more than $25 billion a year, onto settlement in SoFiUSD, the dollar stablecoin its bank issues. The shares gained nearly 5% early in the session before giving back much of the move. Key TakeawaysOn September 22, 2026, SoFi Bank became what SoFi calls th