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Investors are buying on Monday despite fear the AI trade nightmare scenario is far from over
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This is CNBC's Morning Squawk newsletter.
Key facts
- CoreWeave is set to open higher by around 3%, but that doesn't put much of a dent in the 25% drop from last week
- CNBC's Arjun Kharpal, Sarah Min, Elsa Ohlen, MacKenzie Sigalos and Liz Napolitano contributed to this report
- The latest news: Russian President Vladimir Putin has reportedly suggested a summit between himself, U.S. President Donald Trump and Chinese President Xi Jinping
- Hello, this is Leonie Kidd, and this is their first edition of Morning Squawk
Summary
Hello, this is Leonie Kidd, and this is their first edition of Morning Squawk. It's always nice to start the week on a positive note, but the pop in futures after AI's nightmare week comes with a note of caution. The buyers are ready to get back into technology stocks, with futures indicating the Nasdaq will catch the biggest bid at today's open. The glass half full: In a note on Sunday, Dan Ives, Partner at Yorkville Ives, said he views this "white-knuckle drawdown as a golden buying opportunity. Contrary to the contrarian: But BTIG is telling investors to use any rebound in semiconductor stocks to reduce exposure, warning, "where there is smoke, there is fire.