AI debt deal wave reports; Applied Digital reports - what’s moving markets

U.S. stock futures were down on Thursday amid concerns over elevated bond yields and rising oil prices. Analysts noted potential risks to risk assets and the global debt markets, especially Europe. Applied Digital reported a sharp rise in revenue, but equipment expenditures increased significantly, highlighting the high costs of building AI infrastructure.

Samsung's third-quarter operating profit fell short of expectations, while Federal Reserve minutes suggested little urgency to raise interest rates again this month. European bond markets experienced volatility, with the difference between French and German 10-year bond yields widening to its largest since the COVID-19 pandemic.