Nasdaq 100 yesterday 9:30am vs. 4:00pm
Source: Brew markets
According to a Bloomberg article, Michael Saylor’s company, Strategy $MSTR, faces one of its most significant challenges yet:
the risk of being removed from major stock indexes like the MSCI USA and the Nasdaq 100, according to JPMorgan analysts. Such exclusions could trigger up to $2.8B in outflows from MSCI-linked funds alone and threaten nearly $9B of passive exposure tied to the company. A decision is expected by January 15, 2026. The threat strikes at the core of Strategy’s identity. The firm became a mainstream proxy for bitcoin by issuing stock to buy bitcoin, then using rising BTC prices to fuel more issuance and accumulation. At one point, the company traded at a large premium above its Bitcoin reserves — but that premium has now evaporated, reflecting weaker investor conviction. MSCI is reconsidering its index rules, proposing to exclude companies whose digital asset holdings exceed 50% of total assets, classifying them more like investment funds. This puts Strategy directly in the crosshairs. Meanwhile, both Bitcoin and Strategy’s share price have plunged, with the stock down more than 60% from its peak and Bitcoin down over 30% from its recent high—breaking the feedback loop that once boosted Strategy’s valuation with each BTC purchase. Its equity now trades only slightly above the value of its Bitcoin holdings. Despite the pressure, Saylor continues aggressively buying Bitcoin—adding 8,178 BTC this week, bringing total holdings to 649,870 BTC.
If markets keep sliding, Goldman’s “down big” scenario implies CTAs could unload ~$220bn of global equities over the next month.
Source: The Market Ear, Goldman Sachs
Walmart to Transfer Stock Exchange Listing to Nasdaq
Walmart Inc today announced it will transfer the listing of its common stock to The Nasdaq Stock Market LLC (Nasdaq). The company expects its common stock to begin trading on the Nasdaq Global Select Market on December 9, 2025, under its current ticker symbol "WMT". source : bloomberg
Nvidia $NVDA said sales to just its number one largest customer represented 22% of its total $57 Billion of revenue during Q3
That means someone spent $12.5 Billion with Nvidia during the quarter 🤯 61% of Nvidia $NVDA Q3 revenue came from just 4 customers: $12.54B – Customer A (22%) $8.55B – Customer B (15%) $7.41B – Customer C (13%) $6.27B – Customer D (11%) So who are A, B, C, D in your view ??? Source: Wall St Engine on X, Evan on X
45% of fund managers surveyed by Bank of America in November said an "AI bubble" was the biggest tail risk for markets, spiking from just 11% in September.
Over half of these investors said they think AI stocks are already in a bubble. Source: BofA
Nvidia $NVDA saves humanity again with blowout earnings... 🚀
Q3 REV: $57.01B vs $55.19B exp. Q3 EPS: $1.30 vs $1.25 exp Q4 REV: $63.7B TO $66.3B vs $62B exp “Blackwell sales are off the charts, and cloud GPUs are sold out.” — Jensen Huang, Q3 FY26 earnings release (Nov 19, 2025) $NVDA is up +6% after-hours... The market is saved
$NVDA NVIDIA Q3 FY26 (October quarter).
• Revenue +62% Y/Y to $57B ($1.9B beat). • Operating margin 63% (+1pp Y/Y). • Non-GAAP EPS $1.30 ($0.04 beat). Q4 FY26 guidance: • Revenue $65B ($3.2B beat). Source: App Economy Insights @EconomyApp
