Summary

Carl Quintanilla, David Faber and Leslie Picker explored what's ahead for the tech sector in wake of Tuesday's sell-off — and ahead of Micron's earnings due out after Wednesday's close of trading. The anchors also discussed OpenAl and Broadcom unveiling their new custom AI chip, called "Jalapeño." Brian Sullivan joined the anchors at Post 9 to discuss WTI…

Key takeaways

• OpenAI and Broadcom unveiled a custom LLM-optimized chip called 'Jalapeno,' built in nine months, signaling a vertical integration strategy to reduce AI compute costs and compete with GPU-based accelerators.
• GE Vernova's gas turbines are sold out through 2029 with orders into 2031, as hyperscalers like Microsoft commit to multi-gigawatt standalone power deals—turbine pricing has surged 300% in three years.
• Leveraged single-stock ETFs are amplifying semiconductor volatility at scale, with semis now representing a record 19% of the S&P 500—double their 2000 weighting—making outsized daily moves a systemic market structure concern.

Why this matters

The convergence of custom AI silicon development, constrained power infrastructure, and concentrated semiconductor exposure in major indexes is reshaping capital allocation decisions, supply chain strategy, and risk management for enterprise technology investors.

Entities

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Show notes

Carl Quintanilla, David Faber and Leslie Picker explored what's ahead for the tech sector in wake of Tuesday's sell-off — and ahead of Micron's earnings due out after Wednesday's close of trading. The anchors also discussed OpenAl and Broadcom unveiling their new custom AI chip, called "Jalapeño." Brian Sullivan joined the anchors at Post 9 to discuss WTI crude falling below $70/barrel for the first time since the early stages of the Iran war. Seema Mody delivered a live report from inside GE Ve

Themes

• openai
• investing