Nvidia $NVDA CEO Jensen Huang just said this about China
"The China market, I've estimated, to be about $50 Billion opportunity for us this year" ... "you would expect it to grow say, 50% per year" "It is the second largest computing market in the world, and it is also the home of about 50% of the world's AI researchers, the vast majority of the leading open source models are created into China. And so it's fairly important, I think, for the American technology companies to be able to address that market." Source: Evan
Chinese stocks on track for the largest monthly inflow from Hedge Funds in history
Source: Barchart
The share of 0DTE (zero days to expiry) options volume on the Nasdaq index has climbed to nearly 80%.
For S&P 500 options, the 0DTE share has surpassed 60%. 0DTE market share has doubled in just 3 years. Source: Global Markets Investors, BofA
2 similar headlines in the same week... but by the way, could the imf rescue them at the same time?
Can they really afford it???
Nvidia $NVDA said sales to just one customer represented 23% of its total $46.7 Billion of revenue from the quarter‼️
Someone spent $10.75 Billion with Nvidia during the quarter 😨 Half of $NVDA data center revenues this quarter tied to just two customers - Most likely amazon $AMZN and microsoft $MSFT 🤔... Source: Evan
The US just sold $70 billion of 5-year Treasuries.
The Bid-to-Cover ratio was 2.36. Foreign buyers pulled back but US buyers stepped up in record size. Here's the breakdown: • Foreign accounts (called “Indirects”) bought 60.5%. • Domestic institutions (called “Directs”) bought a record 30.7%. • Dealers (big banks) bought only 8.8%, the lowest ever. Now here’s the twist: even though the auction was definitely a poor one, the bond market rallied afterwards. 10-year Treasury yields actually dropped. Why? Because traders were braced for worse. “Not awful” was good enough to spark a rally. Source: StockMarket.news
Despite ballooning debt, scare of Fed independence, tariffs, etc. the market's perception of USA sovereign risk is back at pre-Trump lows.
Source: zerohedge
Managing lesson
Source: Reads with Ravi
