IBM (IBM), Lam Research (LRCX) and Texas Instruments (TXN) reported earnings after-hours (22 April) and the overnight tape told a familiar—but increasingly nuanced—story. It is a tale of strong earnings tied to the enormous AI buildout being rewarded, yet not all ‘AI infrastructure’ names were treated equally. The divergence wasn’t about whether companies are exposed … Continue reading Market’s AI infrastructure mood played out in three overnight acts