India stocks foreign selling
Foreign Investors have dumped Indian Stocks EVERY SINGLE day this month for a total value of $6.7 billion. This month's selling is on track to surpass even March 2020. Source: Barchart, Bloomberg
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
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
$NVDA notches record high, looks to unseat Apple as world's most valuable company:
1- Apple $3.517 Trillion; 2- Nvidia $3.387 Trillion Why is Nvdia stock still running? • $GOOGL ordered 400K GB200 chips valued at $10B • $MSFT purchased 60K GB200 chips worth $2B • $META acquired 360K GB200 chips for $8B. Demand for Nvidia's Blackwell chip is absolutely INSANE...
Both the Goldman and the UBS "Republican victory" baskets are approaching all time highs as "Democrat victory" trades slump
Source: zerohedge
The benchmark German equity index Dax has hit a fresh ATH.
Since the start of the year, the index has risen by 17%. However, this growth is driven entirely by higher valuations. The Dax's price-to-earnings (P/E) ratio is nearly 15, and if you exclude the dirt-cheap car stocks, it jumps to 17. Source: Bloomberg, HolgerZ
