Market Overview - U.S. equities rebounded on November 5, 2025, as investors responded positively to better-than-expected private sector jobs data and corporate earnings reports, reversing the previous day's sell-off driven by AI stock valuation concerns [1][3] - Major indexes showed significant recovery, with the Dow Jones Industrial Average (DJIA) up 0.6%, S&P 500 (SPX) up 0.7%, and Nasdaq Composite (IXIC) leading with a 1% increase [2] Economic Indicators - A private employment report indicated stronger-than-expected job growth, providing insights into the U.S. job market amid a government shutdown that has halted official economic data releases [3] - Treasury yields increased, with the 10-year Treasury yield rising to 4.15% from 4.09%, reflecting changing expectations for future interest rates [4] Corporate Earnings and Stock Movements - Nvidia (NVDA) rebounded by 1.6% after a decline, while Palantir Technologies (PLTR) fell 1% despite strong earnings and an improved revenue outlook [8] - Advanced Micro Devices (AMD) shares dropped 3% despite reporting record quarterly results and a Q4 revenue forecast of $9.6 billion, projecting AI revenue could reach "tens of billions" by 2027 [9] - Alphabet (GOOGL) saw a 2.4% increase, contributing positively to the market's overall performance [9] Notable Stock Movements - McDonald's (MCD) rose 2% after reporting strong third-quarter sales driven by the return of popular Snack Wraps [14] - International Flavors & Fragrances (IFF) surged 4.7% after exceeding quarterly profit forecasts [14] - Axon Enterprise (AXON) slumped 11.9% due to a weaker profit forecast, while Live Nation Entertainment (LYV) fell 7.8% after disappointing results [14] - Pinterest (PINS) plummeted nearly 19% after missing earnings estimates and providing below-average guidance [14] - Novo Nordisk (NVO) shares fell about 4% after missing profit and sales forecasts and lowering its full-year guidance [14] - Zimmer Biomet (ZBH) sank almost 14% after third-quarter revenue fell short of expectations despite adjusted earnings per share exceeding forecasts [14]

Core Insights - Amazon has significantly shifted its investment strategy, selling out of AMD and IonQ while heavily investing in Rivian, indicating a focus on electric vehicles for long-term growth [1][4][5] Group 1: Investment Strategy - Amazon's third quarter 13F filing shows it holds 158.36 million shares of Rivian, valued at $2.32 billion, making it the largest public equity holding in its portfolio [2][4] - The average buy price for Rivian shares was $79.29, indicating that Amazon is currently down over 80% on this investment [2][4] - The decision to exit AMD and IonQ, both of which have seen significant stock price increases, suggests a strategic reallocation from speculative tech to more stable supply-chain hardware [4][5] Group 2: Partnership and Infrastructure - Amazon's electric delivery fleet includes thousands of Rivian vans, highlighting a strong partnership that is crucial for its logistics and decarbonization strategy [3][4] - The focus on Rivian reflects Amazon's belief in the long-term potential of electric vehicles to enhance cost and carbon efficiency in its operations [3][5]

Core Insights - Amazon's latest 13F filing reveals a significant focus on Rivian Automotive, with 94% of its $2.46 billion equity portfolio invested in RIVN stock, indicating a strong commitment to the electric vehicle sector [1][2][5] - The company has completely exited positions in Advanced Micro Devices (AMD) and IonQ, suggesting a strategic shift away from speculative tech investments towards more stable supply-chain hardware [4][5] Group 1: Amazon's Investment Strategy - Amazon holds 158.36 million shares of Rivian, valued at $2.32 billion, making it its largest public equity holding [2] - The average purchase price for Rivian shares was $79.29, indicating that Amazon is currently down over 80% on this investment [2] - The partnership between Amazon and Rivian is highlighted as a strong tie in the EV market, with thousands of Rivian vans already in Amazon's electric delivery fleet [3] Group 2: Market Context and Implications - Despite the strong performance of AMD and IonQ stocks, with AMD up over 120% year-to-date and IonQ up 64%, Amazon's exit from these positions may reflect a long-term strategy focused on logistics and decarbonization rather than short-term gains [4] - The shift in investment focus suggests that Amazon believes the future growth story will be driven by electric vehicles rather than AI chips, contrasting with current market trends where semiconductor stocks are gaining attention [5]

Welcome back. Shares of AMD are trading higher after reporting a top and bottomline beef for its quarter with investors focusing on areas like growth in its AI chips business. McKenzie Sagalos has more in today's tech check.Mac, the AMD trade is an interesting one versus Nvidia. >> It really is. We don't get the Nvidia numbers for another two weeks, but for all the buzz around AMD's AI push, the actual payoff still isn't showing up in the numbers.Yes, the quarter was a beat and guidance was strong, but inve ...

Core Viewpoint - AMD's recent earnings report showed a strong performance, but investors are still looking for tangible results from its AI chip business, particularly in light of challenges in China and the overall AI market [1][2]. Financial Performance - AMD reported a top and bottom line beat for the quarter, with strong guidance provided [1][2]. - Despite the positive earnings, there are concerns regarding the profitability of AI shipments and overall revenue guidance [5]. AI Business Developments - The company has not yet seen significant revenue from its AI chip business, with analysts questioning the impact of major AI deals during the earnings call [2]. - AMD has received some licenses for its Instant Instinct series, which may allow revenue to start flowing from AI chip sales in China, potentially giving AMD a competitive edge over Nvidia [3]. Market Challenges - AMD faces export restrictions that could result in a loss of $1.5 billion in revenue this year [2]. - The Chinese government is enforcing stricter regulations, compelling state-backed data centers to utilize domestic AI chips and remove foreign hardware, which impacts both AMD and Nvidia [4].

Core Viewpoint - US equities experienced an upward trend, primarily driven by the performance of artificial intelligence and semiconductor stocks, as investors responded positively to favorable economic data and the Supreme Court's skepticism regarding certain legal matters [1] Group 1: Market Performance - US equities advanced on Wednesday, indicating a positive market sentiment [1] - Gains were particularly notable in the artificial intelligence and semiconductor sectors, highlighting investor confidence in these industries [1] Group 2: Economic Data - Investors reacted to upbeat economic data, which contributed to the overall market rally [1] Group 3: Legal Context - The Supreme Court's apparent skepticism towards certain issues influenced investor sentiment, suggesting a complex legal environment that could impact market dynamics [1]

Core Insights - Advanced Micro Devices (AMD) has seen its shares more than double in value in 2025, yet the stock experienced a muted reaction to its record quarterly results and positive outlook on data center chip demand [1][8] - Concerns about an AI bubble have emerged, leading to a cautious sentiment among investors despite AMD's strong performance [3][7] Analyst Reactions - Oppenheimer analysts maintained a neutral rating, expressing concerns about AMD's position as a "second horse supplier" to Nvidia in the AI chip market [4] - Jefferies and HSBC analysts, who have "buy" ratings and $300 price targets, highlighted AMD's potential for AI-driven growth, with HSBC calling its deal with OpenAI a "game changing" development [5] - The mean price target for AMD shares is around $275, with a significant number of analysts holding "buy" ratings [6] Market Context - The broader tech sector is experiencing a rebound, but AMD's stock has not significantly increased despite strong quarterly results [1][7] - The weak market reaction to AMD's results may reflect growing uncertainty regarding the valuations of stocks in the semiconductor sector [3][7]

Core Viewpoint - Advanced Micro Devices Inc (NASDAQ: AMD) is considered a potentially better long-term investment compared to Nvidia Corp (NASDAQ: NVDA) according to Freedom Holding's senior analyst Egor Tolmachev [1] Company Analysis - AMD may offer more favorable investment opportunities for long-term investors than its competitor Nvidia [1] - The analysis suggests that AMD's strategic positioning and growth prospects could lead to superior returns over time compared to Nvidia [1]

The Monetary Authority of Singapore has warned that technology and artificial intelligence companies are trading at inflated valuations. In its annual Financial Stability Review released Wednesday, the regulator said that equity markets are seeing "relatively stretched valuations concentrated in the technology and AI sectors." The MAS said much of the recent rise in global equity markets has been driven by investments linked to AI, leaving many investors heavily exposed to the sector. It also warned that ...

Core Insights - AMD's stock has increased by 53% since the last coverage, indicating strong market performance and investor confidence [1] - The collaboration with OpenAI has positively influenced AMD's stock performance, suggesting strategic partnerships are beneficial for growth [1] Company Overview - AMD is focusing on identifying high-potential investment opportunities, particularly those with asymmetric risk-reward profiles, aiming for a minimum upside potential of 3-5 times the downside risk [1] - The company emphasizes the importance of risk management, seeking a strong margin of safety to protect against capital impairment while maximizing long-term compounding [1] Investment Strategy - The investment horizon for AMD is set at 2-3 years, allowing the company to endure market volatility and focus on disciplined capital allocation for superior returns over time [1]