Oil Cracks $100 Again: Is the AI Rally Fading Fast?

Wild week in the markets—oil ripped nearly 5% to top $100, while AI chip names like Micron, Intel, Broadcom and NVIDIA got absolutely crushed after that OpenAI revenue report landed. 10-year yields spiked to 5.32% too, smacking long-duration assets. Defensives caught every bid here, while the crowded mega-cap AI trade finally hit a messy reality check. Who’s locking in energy gains ahead of bank earnings week?