When the Seller Becomes the Banker

AFTER THE BELL — OCTOBER 1

When the Seller Becomes the Banker

The major averages finished nearly flat Thursday, but the calm close hid a much more interesting session underneath.

The 10-year Treasury yield briefly climbed to its highest level since 2002 before reversing lower, while oil surged above $100 a barrel and fresh economic data showed a labour market that remains unusually firm and a manufacturing sector still expanding.

Boujie breaks down the day’s biggest company stories, including Accenture’s sharp rally, another major move in Synopsys, Micron’s post-earnings reaction, and Amazon’s new long-term nuclear power agreement with Constellation Energy.

Then we look ahead to Friday’s September employment report and two important developments that arrived after Thursday’s regular session: Nike’s earnings and a major new Raytheon missile contract.

DEEP DIVE: Nvidia wants Wall Street to help finance hundreds of billions of dollars of AI infrastructure — and increasingly wants lenders to treat high-end GPUs as long-lived collateral.

That raises a much bigger question than whether AI demand is strong today:

What is a six-year-old GPU worth after several newer generations have arrived?

The episode traces the idea back to October 1, 1908 and the Model T — from mass production to the rise of consumer and dealer financing — and asks whether Nvidia is trying to do something similar for AI compute.

Topics: • S&P 500, Dow and Nasdaq closes • 10-year Treasury yield above 5% • Weekly jobless claims • September ISM Manufacturing • Oil above $100 • Accenture • Synopsys • Micron • Constellation Energy and Amazon • Nvidia • September jobs report preview • Nike after-hours earnings • RTX / Raytheon missile contract • GPU-backed lending • CoreWeave • Broadcom and Anthropic • OpenAI infrastructure financing • The Model T and the birth of auto finance

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