Core Insights - Sands Capital Global Growth Fund reported a -2.0% return in Q3 2025, underperforming the MSCI ACWI which returned 7.6% [1] - The fund highlighted Carvana Co. (NYSE:CVNA) as a significant investment, noting its impressive stock performance with a one-month return of 38.04% and a 52-week gain of 95.34% [2][3] Company Overview - Carvana Co. is the largest e-commerce platform for buying and selling used cars globally by revenue, operating in a market with over $1 trillion in annual sales [3] - The used car industry is highly fragmented, with the market leader holding only about 2% market share, indicating significant growth potential for Carvana [3] Business Model and Strategy - Carvana aims to transform the used car buying experience, which is often emotional and cumbersome, by offering a vertically integrated platform that enhances convenience, transparency, and competitive pricing [3] - The company’s nationwide scale and verticalization are expected to lead to attractive unit economics and strong margin expansion over time [3] Market Position and Hedge Fund Interest - As of the end of Q3 2025, 109 hedge fund portfolios held shares of Carvana Co., an increase from 91 in the previous quarter, indicating growing interest among institutional investors [4] - Despite the potential of Carvana, some analysts suggest that certain AI stocks may offer greater upside potential with less downside risk [4]

Soybeans are starting off Wednesday trade with fractional to 1 ½ cent losses. Futures  closed the Tuesday session with contracts down 9 to 10 cents. Open interest was down 18,524 contracts, mainly in the January. The market has now given back all of the Chinese buying rally, as futures filled the October chart gaps this morning. The cmdtyView national average Cash Bean price was 8 ¾ cents lower at $9.92. Soymeal futures were steady to $1.10 lower, with Soy Oil futures down 98 to 112 points. The EPA annou ...

Corn is starting Wednesday trade with contracts fractionally to a penny higher. Futures closed out the Tuesday session with most contracts 2 to 3 ¼ cents lower at the final bell. Preliminary open interest data suggested new selling, rising 10,345 contracts. The CmdtyView national average Cash Corn price was down 3 1/4 cents to $3.92 3/4. There was some outside pressure, with losses in wheat adding spillover weakness and crude oil dropping $1.61/barrel. More News from Barchart EIA data will be released ...

Core Insights - Ford announced a significant write-off of $19.5 billion related to its electric vehicle business, yet this news did not lead to panic among shareholders [1] Company Summary - The $19.5 billion write-off indicates substantial financial challenges within Ford's electric vehicle segment [1] - Despite the write-off, shareholder confidence appears to remain intact, suggesting a potential long-term belief in the company's strategy or recovery [1] Industry Summary - The announcement reflects broader challenges faced by the electric vehicle industry, particularly in managing costs and achieving profitability [1] - The reaction of shareholders may indicate a growing acceptance of volatility and risk within the electric vehicle market as companies navigate their transition strategies [1]

On CNBC's “Halftime Report Final Trades,” Malcolm Ethridge, managing partner at Capital Area Planning Group, named The Goldman Sachs Group, Inc. (NYSE:GS) as his final trade.According to recent reports, Goldman Sachs agreed on Dec. 1 to acquire Innovator Capital Management for approximately $2.0 billion. The company expects to pay the amount in cash and equity. The deal is expected to close in the second quarter of 2026, pending regulatory approvals and customary closing conditions.Stephanie Link, chief inv ...

NEW YORK (AP) — The founder of Tricolor Holdings and other executives of the subprime auto lender were charged Wednesday with what federal authorities say was a massive fraud that led the company into bankruptcy. Daniel Chu, the company’s founder and chief executive, was charged in an indictment unsealed in Manhattan federal court with directing multiple executives since 2018 to defraud investors and lending institutions through multiple fraudulent schemes. A defense lawyer did not immediately return a ...

The quantum computing industry is currently generating $1 billion in revenue, but this figure could skyrocket to $198 billion by 2040, according to a recent report by Jefferies. Jefferies Sees Early-Stage Quantum GrowthJefferies analysts, led by Kevin Garrigan, have initiated coverage of the quantum computing industry, identifying a potential “total addressable market” of up to $198 billion by 2040, reported Fortune.Jefferies has rated three companies in the quantum industry: D-Wave Quantum (NYSE:QBTS) and  ...

Core Insights - Sands Capital Global Growth Fund reported a -2.0% return in Q3 2025, underperforming the MSCI ACWI's 7.6% return, indicating a challenging market environment despite a surge in global equities [1] Company Overview: Axon Enterprise, Inc. - Axon Enterprise, Inc. is a leading provider of public-safety technology, including body cameras, software, and TASER devices [3] - The company's stock closed at $555.06 on December 16, 2025, with a market capitalization of $43.8 billion [2] Financial Performance - Axon reported Q2 revenue of $669 million, a 33% year-over-year increase, exceeding expectations [3] - In Q3, Axon generated $711 million in revenue, representing a 31% increase year-over-year [4] - Annual recurring revenue rose 18% to $1.18 billion, with a gross margin of 63.3% and an adjusted EBITDA margin of 25.7% [3] Market Position and Trends - Despite a decline in stock price, the drop was attributed to technical factors rather than fundamental issues, as business performance remained strong [3] - Net revenue retention was reported at 124%, and future contracted revenue grew to $10.7 billion, indicating robust growth prospects [3] - Axon is enhancing its AI capabilities through the acquisition of Prepared, an AI platform for 911 call centers, which broadens its role in public safety workflows [3] Hedge Fund Interest - At the end of Q3, 61 hedge fund portfolios held Axon shares, a slight decrease from 62 in the previous quarter [4] - While Axon is recognized for its potential, some analysts suggest that other AI stocks may offer greater upside potential with less downside risk [4]

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Group 1 - The emergence of robot-driven jobs is expected to transform work processes, driven by the need for large-scale manufacturing to support artificial intelligence [1][2] - Nvidia's CEO Jensen Huang emphasizes the importance of re-industrializing the United States, stating that manufacturing is essential for the success of AI companies and long-term job creation [2][3] - Huang highlights that the revival of trades is crucial for building infrastructure such as chip facilities and data centers, which are necessary for expanding national AI capacity [3][4] Group 2 - A report from JPMorgan Chase indicates that workforce shortages are increasing in critical sectors like manufacturing, AI, and cybersecurity, with technology workforce needs expected to grow twice as fast as the overall labor market [5] - The National Association of Manufacturers reports nearly 13 million manufacturing workers in the U.S., with a slight decline in employment as the sector approaches pre-pandemic levels [6] - Huang asserts that industrial work is vital for AI advancements, as every breakthrough relies on physical systems that require construction, power, and maintenance [7] Group 3 - Huang predicts that robotics will create new industries, referencing Tesla's plans to utilize humanoid robots for internal tasks and eventually offer them to other companies [7]