$NVDA Q3 2025 by Quartr >>>
"The age of AI is in full steam, propelling a global shift to NVIDIA computing" - Jensen Huang Revenue +94% *Data Center +112% *Gaming +15% *Professional Vis. +17% *Automotive +72% EBIT +110% *marg. 62% (57) EPS +111%
The Bitcoin Industrial Complex crushed their record yesterday with $50b in volume (for context that's same as ADV of entire UK stock market).
$MSTR alone was $32b of it. $MSTU and $MSTX combined for $6b (which is more than all the spot btc ETFs, which were also elevated). What a scene... Source: Eric Balchunas, Bloomberg
Bitcoin is trading at $97,000 this morning, very close to $100k.
It is now the 7th largest asset in the world in terms of market cap, and could climb to #5 very soon. Meanwhile, the vast majority of individuals, pension funds and other institutional investors do not have any exposure to this asset. Where will the price go if they start to jump in?
Tyrone Ross, 401 Financial CEO:
“There is a frustration that the advisors typically cannot discuss [Bitcoin] with clients. They can't bring it up. They're admonished not to say anything at all, and they are embarrassed by that. It just makes them look silly.” Source: Bitcoin News BitcoinNewsCom
The Stoxx Europe 600 index has underperformed the S&P 500 by 21% this year, the most on record.
This comes as European stocks have returned only 3% year-to-date much below the 24% gain of US stocks. The Stoxx Europe 600 index is now on track for its 8th year of underperformance out of the last 10. Over the last decade, European equities have increased by just 50% much less than the S&P 500 return of 187%. As a consequence, the US stock market is now 4 TIMES larger than Europe. Investors are choosing the US over Europe. Source: FT, The Kobeissi Letter
Eurozone wages jumped 5.4% YoY, the biggest increase since the euro was introduced.
The data may complicate the ECB’s easing plans. Source: HolgerZ, Bloomberg
“When do you sell a losing position?”
Source: Not Jerome Powell
As always...
$BTC Source: Barchart
