🧠 AI bubble bursting? Market erases $2T, spooked on renewed China tariff fears

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🏛️ Financial News

• US Tariffs 🗽 FreightWaves via Yahoo! Finance: Trump’s 100% tariff on China over rare earths threatens new supply chain shock Trump threatens ‘massive’ tariff hike

  • Yahoo! Finance: Trump threatens China with export controls on Boeing parts

  • Yahoo! Finance: Trump imposing new 25% large truck tariff starting Nov. 1

• Administration 🏛️ Insider via Yahoo! Finance: Trump's Fed shortlist is narrowing, but a final choice could be months off

• Yahoo! Finance: CPI inflation report will be released by Labor Department, while other data is delayed by shutdown

• 🧠 Upgrade your PortfolioGPT account Get an ad-free experience, unlimited credits, backtesting, forward guidance and real-time Yahoo! Finance data.

📊 Global Markets

• S&P 500 $VOO ( ▼ 2.69% )🌍 Yahoo! Finance: Dow sinks 800 points, S&P 500 and Nasdaq see worst day since April as Trump's renewed tariff threats spook Wall Street

  • Yahoo! Finance: The S&P 500 ETF wars are over — VOO has won out over SPY 

• Europe Markets $STOXX ( 0.0% ) 🏰 euronews: US rare earth stocks surge, European markets see mixed start 

• China Markets $MCHI ( ▼ 5.73% ) 🐉 Yahoo! Finance: China markets reopen to show if AI buzz outshines soft spending 

• Japan Markets $NIKKEI ( 0.0% )⛩️ CNBC: Japan stocks hit record highs as Sanae Takaichi’s LDP victory drives yen past 150 

• Gold Market $GLD ( ▲ 1.01% ) 🧈 Yahoo! Finance: Gold heads closer to $4,000 as US Shutdown bolsters haven demand

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🛍 Staples & Discretionary

• Banks $FITB🏦 CNBC: Fifth Third Bancorp to buy Comerica for $10.9B in all-stock deal 

• Crypto : BTC ₿ Sherwood by Robinhood: BlackRock’s bitcoin ETF is on the cusp of $100B in assets, a milestone it will have achieved in less than two years 

• Brokerages $SOFI💱 Sherwood by Robinhood: Analysts break down what’s driving SoFi’s recent surge

• Airlines $DAL ( ▼ 3.51% )✈️ Yahoo! Finance: Delta’s profit forecast tops estimates, buoyed by higher fares and resilient luxury demand 

• Communications $VZ ( ▼ 0.72% )☎️ Yahoo! Finance: Verizon names former PayPal boss Dan Schulman as CEO 

• Retail : Staples $CSCO ( ▼ 2.89% ) 🛒 NBC News: Costco to sell Ozempic and Wegovy at a large discount for people without insurance

•  Theaters $AMC ( ▲ 0.68% ) 🎪 CNBC: Taylor Swift’s ‘The Life of a Showgirl’ album release party snares $33M domestically 

• Staples : Beverages $PEP ( ▲ 3.71% ) 🧃 CNBC: PepsiCo earnings top estimates as international markets fuel sales growth

• Apparel $LEVI ( ▼ 12.55% ) 👖 Sherwood by Robinhood: Levi Strauss raises prices, helping to boost profit and outlook

• Healthcare : Pharmaceuticals $NVO ( ▼ 2.98% ) 💊 CNBC: Novo Nordisk to buy Akero for up to $5.2 billion in new CEO’s revival push

• Healthcare : Pharmaceuticals $AZN ( ▼ 0.6% ) 💊 CNBC: Trump reaches deal with AstraZeneca to lower US drug prices

• 📊 Avoid single-stock exposure with Sector ETF GPT Generate sector-specific portfolio ideas, such as technology, discretionary, health care and more.

🌐 Technology 

• Nasdaq $QQQ ( ▼ 3.47% )🌍 CNBC: Tech megacaps lose $770 billion in value as Nasdaq suffers steepest drop since April

• Analyst Sentiment 📊 Yahoo! Finance: Bubble or not, AI continues to draw billions in investments

• Technology Sentiment 🌐 Yahoo! Finance: Without data centers, GDP growth was 0.1% in the first half of 2025, Harvard economist says 

  • CNBC: US tech giants hit pause on India data center deals under weight of trade uncertainty

• Semi-conductors $AMD ( ▼ 7.73% ) 🧇 CNBC: AMD stock skyrockets as OpenAI looks to take stake in AI chipmaker

  • CNBC: AMD’s deal with OpenAI gives Nvidia much-needed challenger in market it dominates

• Semi-conductors $INTC ( ▼ 3.78% ) 🧇 TechCrunch: Intel unveils new processor powered by its 18A semiconductor tech

• Productivity : MarTech $FIG ( ▼ 10.13% )✍ CNBC: Figma’s stock pops 7% after OpenAI CEO Altman touts ChatGPT integration

• Mobile : Digital Ads $APP ( ▼ 5.07% ) 📱 CNBC: AppLovin stock tanks on report SEC is investigating company over data-collection practices 

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🦾 Artificial Intelligence

• Frontier LLMs : OpenAI 🤖 CNBC: OpenAI’s dominance is unlike anything Silicon Valley has ever seen

  • CNBC: OpenAI’s Sora hit 1M downloads in less than five days

  • TechCrunch: OpenAI’s affordable ChatGPT Go plan expands to 16 new countries in Asia

  • TechCrunch: OpenAI launches AgentKit to help developers build and ship AI agents

• Semi-conductors 🧇 CNBC: Cerebras CEO explains IPO withdrawal, says AI chipmaker still intends to go public

• Consulting Adoption 👩🏻‍💼 The Guardian: Deloitte to pay money back to Albanese government after using AI in $440,000 report

• China AI 🐉 rest of world: AI is reshaping childhood in China

• 📧 Subscribe to Unprompted Invest beyond Nvidia in the $15T global AI market, from infrastructure, ingest & training, and inference (Coming soon)

We’ll be back next Saturday morning to recap the week’s financial news.

Thanks to Money.com for sponsoring.

✨ Happy Unprompting,

Rawee
[email protected]

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