Notas del episodio
AFTER THE BELL — OCTOBER 2
THE HARD DRIVE REFUSES TO DIE
Friday’s September jobs report came in far weaker than expected, with just 29,000 payrolls added and 60,000 jobs removed from the prior two months through revisions.
Stocks liked the reduced pressure on the Federal Reserve. Bonds were less convinced.
The Dow gained 0.49%, the S&P 500 rose 0.73%, and the Nasdaq climbed 1.19% as investors tried to reconcile slowing hiring with still-low layoffs, cooler wage growth, and a 10-year Treasury yield that fell after the report and then reversed higher.
Boujie breaks down:
• September payrolls and the “low-hire, low-fire” labour market
• Why unemployment rose even as household employment increased
• The bond market’s reversal after the jobs report
• Tesla’s stronger-than-expected third-quarter deliveries
• HPE’s networking and AI-infrastructure rally
• On Semiconductor’s revised Synaptics acquisition
• Nike’s first full regular-session reaction to Thursday evening’s earnings
• Western Digital and Seagate’s roughly 10% declines
• What to watch in Monday’s ISM Services report
DEEP DIVE:
The hard drive was supposed to be obsolete.
Instead, artificial intelligence may be giving it another life.
A report that Toshiba plans to roughly double its own production capacity for high-capacity hard drives used in AI data centres sent Western Digital and Seagate sharply lower Friday.
But Toshiba doubling its capacity does not mean the global hard-drive industry suddenly doubles supply.
Boujie looks at the three-company HDD market, Toshiba’s production ambitions, upstream component constraints, product qualification, MAMR versus HAMR, long-term hyperscaler commitments, and the real question investors now have to answer:
Will Toshiba add effective storage capacity faster than AI creates demand for it?
The episode begins with the retirement of ENIAC on October 2, 1955 — and ends with a reminder that old technology does not die when something faster is invented.
It dies when the economics stop working.
Made by AI. Don’t trust it.