Good morning.
The Fast Five → Nvidia board prepares to oust Huang, Huang allegedly involved in a second affair with Nvidia exec, CoreWeave results drive broad tech rally, investors run back to AI stocks, and Musk says it would be an ‘honor’ to hire Jensen Huang…
📌 Financial Legend: “Same market warning I shared with my children" →
(from Weiss Ratings)
Calendar: Full Calendar »
Today:
Unemployment Claims, 8:30A
Tomorrow:
Producer Price Index, 8:30A
Your 5-minute briefing for Thursday, November 12:
Market Wrap:
Futures: Dow +0.2%, S&P -0.3%, Nasdaq -0.9%
Wed: Dow +255 (+0.5%), S&P +1.3%, Nasdaq +1.6%
Nvidia sank 8% on reports of CEO removal
CoreWeave rallied after strong earnings and raised guidance
Anthropic's upcoming IPO boosted AI optimism
Inflation and Fed rate-hike concerns persist
Focus shifts to jobless claims and home sales
EARNINGS
Here’s what we’re watching today:
Today:
Cisco Systems $CSCO ( ▲ 2.66% ) - $1.32 EPS (+32% YoY) on $18.1B revenue (+21.7% YoY)
The $3 Trillion Crisis That Almost
NOBODY Is Talking About
According to Wall Street legend Dr. Martin D. Weiss, there’s a $3 trillion financial crisis happening right now.
And almost nobody but him is warning people.
In fact, according to WSJ, this $3 trillion market “is under growing strain, despite industry’s upbeat tone.”
Weiss says the biggest danger is NOT just another stock market crash.
The biggest danger is NOT only a major bank failure.
Rather, it’s a chain reaction of crashes and failures across the globe.
- A sponsored message from Weiss Ratings -
HEADLINES
Stocks end higher as CoreWeave results ease AI spending worries (more)
Investors run back to AI stocks, less than a week after historic selloff (more)
As higher prices seep into broader economy, Fed consider faster hikes (more)
Goldman adds another rate hike to Fed outlook (more)
Oil up 1% as Iran official says country will keep enriched nuclear material (more)
Heating costs will rise 7% on average this winter (more)
Nvidia board prepares to oust CEO (more)
Chinese university bought Nvidia H200 chips despite US blacklist (more)
CoreWeave jumps, boosting the AI trade (more)
Anthropic's IPO is said to be multiple times oversubscribed (more)
AstraZeneca buys vaccine startup; FDA issues GLP-1 safety warning (more)
DEALFLOW
M+A | Investments
RWE, KKR finalize $16B investment in UK renewables
MaxCyte to acquire Akron Bio for $151.8M
Lawfty receives investment from The LegalTech Fund
iCareManager receives investment from Five Elms Capital
VC
Torus, a manufacturer of distributed power and compute infrastructure, raised $500M in funding
Path Robotics, a provider of physical AI for autonomous manufacturing, raised $300M in Series E funding
Reflect Orbital, a provider of space-enabled infrastructure designed to redirect sunlight from orbit, raised $73.5M in funding
Index Industries, a provider of technology and infrastructure that turns US housing into an investable asset class, raised $50M in Seed funding
Mosaic Intelligence Labs, a provider of spatial intelligence and robotic infrastructure helping physicians, raised $47M in Seed funding
Operand, an AI due diligence platform for private equity, raised $31M across Seed and Series A funding
Nidus, a provider of an industrial AI platform purpose-built to augment America's defense manufacturing base, raised $30M in funding
Finite State, an AI-driven product security and software supply chain risk management platform, raised $27M in Series C funding
Lumbra, an operating system for AI agents in high-consequence environments, raised $25M in Series A funding
Sparetech, a provider of enterprise AI for spare parts management, raised $20M in Series B funding
WhiteMatter, a security and governance platform for enterprise AI agents, raised $20M in Series A funding
EnVision Endoscopy, a provider of new devices for gastrointestinal endoscopic surgery, raised $11.5M in Series A funding
PuppyGraph, a graph query engine for enterprise AI agents, raised $10M in Series A funding
Triplemoon, a provider of virtual mental health services in partnership with pediatric clinics, raised $4M in Seed extension funding
CRYPTO
BULLISH BITES
🚨 Investing Legend: “My most important warning yet” *
💔 The woman in the middle of Nvidia’s spy scandal.
⚖️ He took down Andrew Cuomo. Now Jensen Huang is in his crosshairs.
⏳ The $38 billion hemp industry has one month to live.
🏋🏽♂️ The cult of CrossFit.
DAILY SHARES
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