🧠 AI sell-off continues as valuation trepidation drags the Nasdaq

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🏛️ Financial News

• US Tariffs 🗽 CNBC: Trump cuts tariffs on goods like coffee, bananas and beef in bid to slash consumer prices

  • Investing.com: Switzerland wins US tariff rate cut to 15%, pledges $200B in US investments

• Federal Reserve 💵 CNBC: Markets no longer view the December rate cut as a sure bet, with Fed officials casting doubts

• Home Mortgages 🏡 CNBC: New foreclosures jump 20% in October, a sign of more distress in the housing market

• Retirement : 401k 🏖️ CNBC: IRS announces 2026 401(k) contribution limits, raises savings cap

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📊 Global Markets

• S&P 500 $VOO ( ▲ 0.71% )🌍 CNBC: Despite a modest rebound in tech, the S&P 500 closes slightly lower

• Nasdaq $QQQ ( ▲ 0.89% ) 🌐 CNBC: Nasdaq closes higher, snapping three-day losing streak as tech stocks recover some ground

  • WSJ via MSN: Feeling great about the economy? You must own stocks

  • Sherwood by Robinhood: How speculative tech stocks lost one-third of their value in the past month

  •  CNBC: Coatue’s Philippe Laffont says the IPO market is broken beyond repair

• Europe Markets $STOXX ( 0.0% ) 🏰 euronews: European shares hit record highs on US shutdown progress

• Asia Markets 🏯 CNBC: Asia-Pacific shares fall, tracking Wall Street declines, as tech selloff deepens

• China Markets $MCHI ( ▲ 0.48% ) 🐉 Nikkei: Singles Day 11/11 glamour fades for China's cost-conscious consumers

  • Rueters via Yahoo! Finance: China's factory output, retail sales growth worst in over a year

• Emerging Markets 🌍 Yahoo! Finance: Stocks shine as foreigners add $27B to emerging markets portfolios in October, says IIF

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🚀 Stocks

• Retail : Big Box $WMT ( ▼ 1.51% ) 🔅 CNBC: Walmart CEO Doug McMillon to retire in January after nearly 12 years leading retailer 

• Holding Company $BERK ( ▼ 0.56% ) 💼 CNBC: Warren Buffett’s Berkshire Hathaway reveals new position in Alphabet

• Media : Studios $DIS ( ▼ 0.4% ) 🏰 Yahoo! Finance: Disney stock plunges as Q4 revenue misses estimates amid linear TV pressures

• Media : Studios $PARAA ( ▼ 5.93% )⛰️ Deadline: Paramount Q3 revenue misses Wall Street target, but company boosts Skydance merger savings outlook to $3B

• Media : Video Games $UBSFY ( ▼ 0.45% )🎮 Sherwood by Robinhood: Ubisoft delays its earnings at the last minute and requests a freeze on trading

• Communications $VZ ( ▲ 1.25% )☎️ Yahoo! Finance: Verizon to cut about 15,000 jobs as new CEO restructures, source says

• Restaurants : Food Delivery $CART ( ▲ 1.93% ) 🛒 CNBC: Instacart tops third-quarter expectations under new CEO Rogers, gives strong guidance

• Live Events : Marketplace $STUB ( ▲ 9.86% ) 🎫 CNBC: StubHub stock tanks 20% as CEO says it is not giving guidance for current quarter

• Restaurants : Fast Casual ☕ Yahoo! Finance: Luckin Coffee eyes U.S. relisting as five-year turnaround from fraud scandal takes hold

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🌐 Technology

• Technology Sentiment 🌐 Reuters: Wall Street tumbles as Nvidia slides, investors fret that Fed may slow rate cuts

  • CNBC: AI stock boom leaves many behind, economist says: ‘It really widens the wealth and income gap’

• Holding Company $SFTBY ( ▼ 3.14% ) 💼 CNBC: SoftBank shares plunge extending selloff into third day, after selling its entire stake in Nvidia for $5.83B

• Semi-conductors $AMD ( ▼ 1.58% ) 🧇 CNBC: AMD’s Lisa Su sees 35% annual sales growth driven by ‘insatiable’ AI demand

• Semi-conductors $INTC ( ▼ 1.14% ) 🧇 Tom’s Hardware: Intel's CTO and AI chief leaves for OpenAI after just seven months in role — follows another AI data center exec out the door, Lip Bu-Tan to take up the slack

• Semi-conductors : Manufacturing $AMAT ( ▲ 1.5% )⚒️ Sherwood by Robinhood: Applied Materials dips despite posting modest beats on Q4 sales, EPS

• Communications $META ( ▲ 1.69% ) 👥 Ars Technica: Meta’s star AI scientist Yann LeCun plans to leave for own startup

• Data Center : Networking $CSCO ( ▲ 0.82% ) 🌐 CNBC: Cisco beats on earnings and guidance, lifting stock

• B2B Technology $ORCL ( ▼ 5.4% ) 🌐 CNBC: Wall Street cools on Oracle’s buildout plans as debt concerns mount: ‘AI sentiment is waning’

• Hyperscalers : GPUs $CRWV ( ▼ 8.12% )🌩️NBC News: CoreWeave’s stock slides on weak guidance even as revenue more than doubles

  • CNBC: CoreWeave CEO responds to data center delays as stock plunges. Core Scientific shares fall

• Neocloud : DevOps (Europe) $NBIS ( ▼ 9.01% )🌩️Investors.com: Nebius Reports Bigger Q3 Net Income Loss, Announces Meta AI Deal, Shares Fall

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🦾 Artificial Intelligence

• Data Center Sentiment 🗄️ CNBC: Real estate titan Barry Sternlicht says he will ‘have to’ drop employees in favor of AI

  • Data Center Dynamics: AMD says data center market will be worth $1T by 2030, projects $100B in annual revenue from segment by end of decade

  • TechCrunch: Data centers now attract more investment than finding new oil supplies 

  • CNBC: Data centers are concentrated in Virginia, Illinois, Texas, Ohio and California. Here’s what’s happening to electricity prices

• Frontier LLMs : Anthropic 🤖 CNBC: Anthropic to spend $50B on US AI infrastructure, starting with Texas, New York data centers

  o Yahoo! Finance: Anthropic is on track to turn profitable much sooner than OpenAI

• Frontier LLMs : OpenAI 🤖 Tom’s Hardware: OpenAI’s colossal AI data center targets would consume as much electricity as entire nation of India

• 📧 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 Roku Ads for partnering!

✨ Happy Unprompting,

Rawee
[email protected]

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