One year ago, Nvidia $NVDA was estimated to generate $79.3 billion in revenue in FY25.
Now, Nvidia is estimated to generate more than $125.6 billion in FY25. Source: Beth Kindig @Beth_Kindig
🚨THE NUMBER OF ZOMBIE COMPANIES IN THE US IS SKYROCKETING🚨
43% of the Russell 2000 companies are unprofitable, the most since the COVID CRISIS. At the same time, interest expense as a % of total debt of the Russell 2000 firms hit 7.1%, the highest since 2003. Source: Global Markets Investor
BREAKING 🚨: Chinese Stocks enter technical correction after falling more than 10% from the October 8th high
Source: Barchart
🔥LONG MAGNIFICENT 7 IS THE MOST CROWDED TRADE ACCORDING TO GLOBAL INVESTORS🔥
43% of global investors* believe Long Magnificent 7 is the most crowded trade, down from ~54% in August. Has the trade become overcrowded? *BofA survey of 195 participants with $503 billion assets. Source: Global Markets Investor
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
