BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↓37.97% for Week of NOV 06 2025

Market Wrap:

• Futures flat: Dow +12 (0.02%), S&P flat, Nasdaq +0.1%.

• Tuesday split: Dow +550 to record; Nasdaq slipped.

• Rotation into consumer/health care (WMT, HD, MCD, LLY, JNJ).

• AI leaders like Nvidia fell on valuation worries.

• ADP showed private payroll cuts; labor concerns rising.

• Shutdown could end this week; funding bill heads to House.

EARNINGS

Here’s what we’re watching this week: (* = before the bell)

• Today:

  • *Cisco $CSCO ( ▼ 0.53% ) - earnings of $.98 per share (+7.7%) on $14.8B revenue (+7.2%)

• THU:

  • *Walt Disney $DIS ( ▲ 2.33% ) - $1.02 EPS (-10.5% YoY) on $22.8B revenue (+0.9% YoY)

Full calendar here »

A MESSAGE FROM BEHIND THE MARKETS

Forget NVIDIA. Forget Tesla. Forget Bitcoin —

The real story isn't any of them.

It's a tiny, obscure company most Americans have never heard of.

From the outside, it's just another boring chipmaker.

But behind closed doors, this company controls nearly 7,000 patents so powerful, the U.S. government called them "vital to national security."

Patents NVIDIA, Apple, Google, and Amazon must all license.

And on November 19th at 5PM, NVIDIA is set to unveil its most powerful Superchip yet.

Without this weird little firm, that chip doesn't exist.

» Go here now to see Dylan Jovine's report before this stock hits the front page.

- a message from Behind The Markets -

HEADLINES

SoftBank Sells Its Nvidia Stake for $5.8B to Fund OpenAI Bet

AMD CEO: AI Data Center Market Will be Worth $1T by 2030

• Wall Street mixed as investors sell Nvidia and other AI stocks (more)

• The bull case for stocks is broadening beyond AI (more)

• House is set to consider stock trading ban when shutdown ends (more)

• Trump claims tariff "unwind" would cost $3 trillion (more)

• The Fed is increasingly torn over a December rate cut (more)

• More Americans are living paycheck to paycheck: BofA (more)

• Healthcare premium spikes set to squeeze Main Street (more)

• China accuses US of orchestrating $13B Bitcoin hack (more)

• SoftBank shares dive after Nvidia sale spooks AI-wary market (more)

• Three AI megadeals are breaking new ground on Wall Street (more)

• Michael Burry accuses AI hyperscalers of artificially boosting earnings (more)

DEALFLOW

M+A | Investments

• Parker-Hannifin to buy Filtration Group for $9.25B

• AI cloud firm Nebius signs $3 bln deal with Meta

• Macquarie-led group to acquire Potters in $1.1 bln deal

• Decagon receives investment from T.Capital

• Venture Global inks 20-year LNG supply deal with Japan's Mitsui

VC

• Iambic, a life science and tech company using its AI-driven discovery and development platform, raised over $100M in funding

• Neros, a supplier of FPV drones to the US Army through the attritable systems program, raised $75M in Series B funding

• AirOps, a content engineering platform for AI search, raised $40M in Series B funding

• NextSense, a wearable EEG technology company, closed a $16M Series A funding round

• EVE, an inbox revenue engine for B2B small businesses, raised $2M in pre-seed funding

The Small Stock Powering Apple, Meta, and Amazon

This little-known company doesn't make chips...

It designs the blueprints Big Tech can't live without.

Apple, Meta, Amazon, and Google all license its architecture to power next-gen AI.

And it's quietly expanding into servers, autonomous cars, and AI factories.

Click here to discover this under-the-radar AI supplier >>>

- a message from Behind The Markets -

CRYPTO

• Bitcoin traders are still rattled after $340 Billion wipeout (more)

• Bitcoin ‘Wave 3’ expansion targets $200K as sell-side pressure fades (more)

• Circle’s billionaire CEO plays by the rules in crypto wild west (more)

BULLISH BITES

🚨 Final Call: NVIDIA’s next revolution has begun. *

🙏  Behind the curtain: Santa & Grinch

🏠 A better way of thinking about the AI bubble.

🐝 Anthropic is on track to turn a profit much faster than OpenAI.

🎡 Inside the Waldorf Astoria NY’s swanky new $50k-a-night Penthouse Suite.

DAILY SHARES

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