Good morning.
The Fast Five → Rebound rally lifts all boats but Nvidia, Trump says FBI probing Nvidia CEO Huang, oil down more than $7 a barrel, AI chip financing hits a wall, and the unwinding of the AI trade will have bigger consequences than we think…
📌 AI’s biggest bottleneck could mean double-digit gains in 21 days →
(from TradeSmith)
Calendar: Full Calendar »
Today:
None watched
Tomorrow:
FOMC’s Waller Speaks, 4:00A
Consumer Price Index, 8:30A
Your 5-minute briefing for Tuesday, November 10:
BEFORE THE OPEN
As of market close 11/9/2026.
Pre-Market:
Market Wrap:
Futures: Dow +36, S&P flat, Nasdaq +0.2%
Mon: Dow +1,104 (+2.2%), S&P +2.4%, Nasdaq +2.7%
Tech stocks rebounded after last week's selloff
Nvidia fell 4% amid CEO investigation
Oil prices dropped sharply, supporting stocks
October CPI expected +0.3%, core CPI +0.2%
Focus shifts to Tuesday's inflation report
EARNINGS
Here’s what we’re watching this week:
Today:
CoreWeave $CRWV ( ▲ 0.8% ) - Q3 loss of $1.55 per share projected with revenue forecast to jump to $3.5B from $1.4B
THU:
Cisco Systems $CSCO ( ▼ 0.28% ) - $1.32 EPS (+32% YoY) on $18.1B revenue (+21.7% YoY)
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HEADLINES
Faith in tech stocks wobbled last week. By Monday, cooler heads had prevailed; eulogies for the AI trade appear “hyperbolic at best right now.”
This feels like the beginning of the end of the AI trade. It's going to have wider consequences than we think.
Broad rebound rally lifts all boats but Nvidia (more)
Wall St brokerages: Selloff overdone, downplay Democrat regulation risks (more)
New White House chief of staff Miller shuts door on big business (more)
Trump: FBI probing Nvidia CEO Huang as China controversy deepens (more)
Oct inflation data expected cooler, helped by steadying energy prices (more)
Oil down more than $7 a barrel in post settlement trade (more)
US gas prices on track to fall below $4 a gallon (more)
AI chip financing hits a wall (more)
Nvidia stock slumps amid board investigation into CEO Jensen Huang (more)
Anthropic is proceeding with its IPO plans (more)
SpaceX plans $24B gas power plant, data center project in Texas (more)
Google unveils new AI chip variants as cloud demand surges (more)
Skydance plans to bundle HBO Max and Paramount+ next year (more)
Boeing to cut 5% of commercial jet workforce amid production struggles (more)
PepsiCo to cut around 1,000 jobs in North America (more)
DEALFLOW
M+A | Investments
NRG Energy to sell six power plants to LS Power for $4B
MM Group to sell 70% of packaging business to KPS Capital Partners in $2.7B deal
argenx to buy Unnatural Products in up to $1.15B deal
Skydio receives $1.2B investment from Axon
Fathom Therapeutics receives investment from Kos
VC
Shield, a defense technology company, is raising $2.5B to support its acquisition of radar company Echodyne
Delix Therapeutics, a neuroscience company specializing in the discovery and development of neuroplastogens, raised $100M in Series C funding
Project Omega, a nuclear recycling company, raised $80M in Series A funding
Spines, an agentic AI publishing platform built to help authors turn manuscripts into professionally published books, raised $64M in funding
Coframe, a provider of websites, landing pages, and ads that continuously generate, test, and improve themselves, raised $25M in Series A funding
Synctera, an embedded finance and banking as a service (BaaS) platform, raised $24.5M in new funding
geniosAI, a financial intelligence platform, raised $19.1M in combined Seed and Series A funding
Nyquis, a provider of continuous monitoring systems for the electrical grid, raised $6.3M in Seed funding
Astral, an AI lab building education platforms, raised $5.5M in funding
Vessel, a services-as-software company that makes donating excess inventory less costly than destroying it, raised $5M in Seed funding
Snapp, a sports AI startup, raised $4.6M in funding
CRYPTO
BULLISH BITES
🚨 A strange retirement crisis is coming to America. *
🌊 What does the Blue Tsunami mean for inflation?
💋 The future of AI hinges on… Jensen Huang’s sex life?
👤 The mysterious woman at the center of Nvidia's Chinese spy scandal.
🍸 Who will be the next James Bond? Here’s every actor in the running.
DAILY SHARES
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