Markets rally, AI deals spotlighted
Markets rallied on Thursday with the Dow at 48,145 (+0.58%), the S&P 500 at 6,824 (+0.62%), the Nasdaq up 0.83%, Bitcoin around $72,037 (+0.87%), and oil near $99.40 (+5.29%). (x.com) The same coverage flagged big AI‑infrastructure numbers — an Amazon $50 billion chip run‑rate and a reported Meta–CoreWeave $21 billion arrangement — as part of the investor narrative. (x.com)
Stocks rose on Thursday as investors piled into risk assets and treated fresh artificial-intelligence infrastructure spending as a sign that demand for computing power is still climbing. (investing.com) The Dow Jones Industrial Average closed April 9 at 48,185.80, up 0.58%. The Standard & Poor’s 500 closed at 6,824.66, up 0.62%, and the Nasdaq Composite ended at 22,822.42, up 0.83%. (investing.com) (finance.yahoo.com) (morningstar.com) Bitcoin also moved higher, closing April 9 at $71,767.83 after trading above $73,000 intraday, according to CoinMarketCap. The token finished April 10 at $72,979.05. (coinmarketcap.com) At the center of the narrative was a simple trade: companies that build the servers, chips and data centers used to train and run artificial-intelligence systems are still spending at very large scale. Amazon and Meta both put new numbers behind that build-out on April 9. (money.usnews.com) (cnbc.com) Amazon Chief Executive Andy Jassy said in his annual shareholder letter that the company’s chip business now has an annual revenue run rate of more than $20 billion. He said Amazon Web Services’ artificial-intelligence revenue run rate also topped $15 billion in the first quarter of 2026. (money.usnews.com) Jassy also argued that Amazon’s chip operation could look like a $50 billion annual-run-rate business if it sold semiconductors to outside customers instead of mainly using them inside Amazon Web Services. CNBC reported the chip unit is growing at triple-digit percentages year over year. (bloomberg.com) (cnbc.com) Meta, meanwhile, committed to spend an additional $21 billion with CoreWeave for artificial-intelligence cloud infrastructure, adding to a prior $14.2 billion arrangement. The new spending runs from 2027 through 2032, CNBC reported on April 9. (cnbc.com) CoreWeave said the expanded agreement will provide Meta with cloud capacity through December 2032 and include some initial deployments of Nvidia’s Vera Rubin platform across multiple locations. CoreWeave went public on Nasdaq in March 2025. (coreweave.com) Those disclosures landed as Meta was already guiding for $115 billion to $135 billion in capital expenditures this year, nearly double its 2025 spending, and as Amazon was defending heavy data-center spending to support artificial-intelligence demand. The market reaction suggested investors were still rewarding scale in computing infrastructure rather than treating the spending as a warning sign. (cnbc.com 1) (cnbc.com 2) By Thursday’s close, the rally and the deal flow pointed in the same direction: money was still chasing the companies building the hardware layer beneath artificial intelligence. (investing.com) (cnbc.com)
