Semiconductor scare triggers a wave of profit-taking across the Nasdaq today.
$ASML, the main culprit, reports Q3 earnings tomorrow before market open. Source: Trend Spider
OUCH! ASML’s reduced sales forecast and 3Q booking miss sink semiconductor stocks.
Semiconductor index Sox down 4% with ASML down 13.4%. Source: HolgerZ, Bloomberg
China Weighs $853 Billion Debt Swap to Rescue Local Governments
Source: - Bloomberg
BREAKING: Donald Trump is now 10 percentage points ahead of Kamala Harris in the 2024 election, according to @Kalshi's prediction markets.
Since October 10th, election odds have gone from 50-50 to sharply favouring Donald Trump. Source: Kalshi
Nancy Pelosi just-so-happened to invest $5M into Databricks a few months back...
Earlier Today >>> Amazon $AMZN and startup Databricks just signed a 5 year deal that could cut costs for businesses seeking to build their own AI capabilities. Databricks will use Amazon’s Trainium AI chips to power a service that helps companies customize an AI model or build their own - WSJ
Why Buffett is dumping Bank of America $BAC stock:
Provision for credit losses highest since covid lockdown Source. zerohedge
JUST IN: Tesla moved another $275 million worth of Bitcoin to new wallets 👀
Tesla has now moved $760 million BTC on Tuesday. What is Elon Musk cooking?
“.. Chipmakers are experiencing strangely uneven times. .. companies like $NVDA are blowing down the doors .."
"But in other sectors, including automotive and industrial, the industry has been in a prolonged slump ..” Source: Carl Quintanilla @carlquintanilla on X, Bloomberg
