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OpenAI unveils Dots agent to challenge Meta's Muse, but free access sets the barKevin O’Leary’s Utah Data Center Halted After Political Firestorm, Verge Investigation FindsSnowflake Tells London Audience the Agentic Enterprise Era Is Already in ProductionGame Informer Cover Story Reveals GTA 6 Map Size, 170 Animal Species, Dynamic WeatherUK Faces Most State-Sponsored Cyberattacks in Europe as AI Shortens Attack Timelines, TechRadar ReportsIKEA and Xbox Release YXSTABY Gaming Furniture Range
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10-Year Treasury Yield Hits 24-Year High as AI News Drives Stock Futures

The 10-year Treasury yield touched a 24-year high before easing, while U.S. stock futures rose. Micron reported strong results but fell premarket, Google launched Gemini 4 Argon, and Broadcom agreed to lend Anthropic up to $42 billion.

AI News Feed · 2026-10-02 00:31

In his Thursday market preview, Cramer said the retreat in yields from session highs was a hopeful sign for equities. The session also brought a heavy slate of corporate news centered on artificial intelligence, semiconductors and analyst rating changes.

Micron reported what Cramer called spectacular results Wednesday night. The memory-chip company said supply tightness, driven by AI demand, will be more pronounced in 2027 and 2028 than it was in 2026. Its shares fell premarket, likely because of a disappointing gross margin guide for the current quarter. Cramer attributed that to incentive compensation for employees leading to higher-cost inventory and said the stock should go higher.

Google released its new flagship AI model, Gemini 4 Argon. Alphabet shares rose 1.5% Thursday morning. Google is touting the model's cyber, coding and enterprise performance, though other reviews were mixed. Bloomberg News reported that some employees were skeptical about its real-world performance on coding tasks rather than benchmarks. JPMorgan said it expects rapid model iteration and that it is critical for Google to re-establish itself at the frontier.

Broadcom has agreed to lend Anthropic up to $42 billion to help the Claude creator pay for AI infrastructure, Reuters reported, citing a leaked version of Anthropic's IPO prospectus. Reuters noted that Broadcom and Anthropic's relationship spans compute supply, equipment leasing and financing. Cramer said the arrangement looks very good for Broadcom and is not automatically bad for Nvidia. Both stocks were up modestly in the morning.

Barclays raised its price target on Bloom Energy to $308 from $276 while keeping a hold rating. The fuel-cell technology provider's business is booming because of data-center electricity needs, but Barclays believes the valuation is full. Morgan Stanley reiterated its buy rating after meeting with management and said it sees multiple underappreciated product opportunities. Cramer said he likes the long-term story but would wait for a pullback before buying more.

Synopsys received two large price target increases. Wells Fargo raised its target to $540 from $475, and Bank of America raised its target to $600 from $500; both kept buy ratings. The chip-design software maker announced a multiyear IP deal with Amazon and a collaboration with OpenAI on a special model for chip design, which Cramer said cuts against AI disruption concerns. The shares rose almost 5% Wednesday and were up sharply again premarket.

Barclays lowered its PepsiCo price target to $133 from $142 but kept a hold rating, mirroring a note from Evercore ISI a day earlier. Cramer described the soda and snack giant as a whipping boy stock, with GLP-1 drugs and a general shift to healthier eating hurting its snack business. Loop Capital upgraded Dollar Tree to buy from hold and raised its price target to $140 from $130, citing an economic backdrop of still-elevated inflation and lackluster consumer confidence that plays into the discount retailer's model. Goldman Sachs added Burlington Stores to its U.S. conviction list, with a buy rating and a $382 price target, citing sales and self-help. Cramer said he owns TJX and believes management can fix last quarter's missteps at its biggest division.

Accenture shares soared about 17% Thursday morning after the consulting giant beat on earnings and new bookings. Its revenue growth guidance for the new fiscal year also looked good, and it raised its dividend. Cramer called it a classic type of Situational Awareness short and said displacement fears, as with software, have not come to fruition.