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Data from S&P Global Market Intelligence shows Tempus AI dropped 12.4% from the close of last Friday to Thursday’s market end.

The catalyst for this temporary, fragile bloom was none other than Ken Herbert of RBC Capital, whose reasoning for elevating his price target by 38% is as opaque as the motives that drive the ever-hungry machinery of Wall Street. He had raised his forecast from a modest $65 per share to a seemingly inflated $90, yet offered little more than a quiet nod to his own sense of superiority. In an environment where the stock market acts like an unfeeling beast, manipulated by unseen hands, Herbert’s judgment is yet another layer of fog that seeks to disguise the vulgarity of the reality beneath.

The market, ever the fickle suitor, turned its back on valuations today, as if recoiling from a marriage proposal laced with poison. While the Federal Reserve’s rate cuts had briefly inflamed hopes, Chair Powell’s recent quip-that equities “wear their gowns too loosely”-has left investors clutching their purses like Les Précieuses Ridicules at a ball.

The Snapdragon X2 series, introduced with theatrical solemnity, was meant to herald Qualcomm’s second entrance into the realm of PCs. These chips, the company assures us, are both faster and more efficient-like mythic creatures that run swifter than their shadows. They are designed to seduce gamers and creators, two tribes the market views as simultaneously vital and fickle.

Thursday dawned with a twist worthy of a Molière farce: Tiger Securities’ Bo Pei, that shrewd financier, declared Alibaba a “buy,” raising its price target from $145 to $180. One might suppose such alchemy would buoy the stock, yet the irony is thick as the fog of Hangzhou. For lo! this decree followed Alibaba’s grand announcements-new data centers, partnerships with Nvidia, and a deus ex machina of AI ambition. Yet the market, that most rational of audiences, clapped only half-heartedly.

Behold the market, that fickle overseer of capital, whose whims are as inscrutable as the depths of the Black Sea. Investors, those poor souls, clung to the hope of a rate cut more generous than a peasant’s share of bread, only to find their leveraged positions liquidated like a thief’s stolen goods. Lower interest rates, that siren’s song, lull investors into riskier ventures, yet here we are, adrift in a sea of uncertainty.

The meme coin’s week-long spiral echoes the chaos of Monday’s crypto flash crash, a reminder of how swiftly fortunes vanish when leverage turns against the desperate. Investors, like so many others, wait with bated breath for the Fed’s next move, their fates tied to numbers on a screen.