A sell-off in the U.S. stock market sent shockwaves through risk assets on Thursday, cratering investor sentiment and pulling Bitcoin down to its lowest level in seven months. After an initial uptick, the S&P 500 index dropped nearly 4% on Thursday. Nvidia’s stellar earnings report-driven rally also took a U-turn, dropping more than 8%.  The sell-off was a common theme across the index’s breadth, leading to a market-cap wipeout of more than $2.7 trillion, according to Bloomberg reporting. By comparison, cry ...

Nvidia, in many ways, is the linchpin of the AI revolution currently underway. Analysts and investors will often look at specific case scenarios of where we are when it comes to AI, but Nvidia's earnings are generally where analysts will start, circling the date in red. However, a tiny number of top investors with very diverse attitudes and goals are now using Nvidia to show that they don't believe in the whole AI boom. They aren't arguing over whether Nvidia's processors are excellent. Michael Burry is ...

RisksAI bubble deflatingMSTRTom LeeTrump being a pedo / Epstein filesWeak global economyOGs selling furtherRandom DATs going from buying to selling???OpportunitiesAI bubble blowing up further??? ...

Core Insights - OpenAI is collaborating with Hon Hai Precision Industry Co. (Foxconn) to design and produce hardware for data centres, addressing the increasing demand for AI infrastructure [1][2][3] - The partnership aims to enhance Foxconn's manufacturing operations in the US, focusing on server racks, cabling, power systems, and other essential data centre equipment [2][3] - OpenAI plans to share insights on emerging hardware needs to inform Foxconn's design and development efforts for US-manufactured hardware [3] OpenAI's Strategic Moves - OpenAI has recently finalized multibillion-dollar deals with cloud providers and chipmakers, including Nvidia and AMD, to expand its data centre footprint [4] - The company is also increasing control over the AI supply chain by purchasing chips and components from Broadcom, despite concerns about a potential AI bubble [5] Foxconn's Long-term Goals - The agreement with OpenAI reflects Foxconn's strategy to diversify its involvement in the AI ecosystem and reduce reliance on iPhone assembly for Apple [6] - Foxconn is ramping up AI server manufacturing in the US, aligning with governmental demands and mitigating tariff risks [7] - The actual benefits of the partnership for Foxconn remain uncertain, although it is part of a broader initiative to invest significantly in AI infrastructure [6][7]

Core Viewpoint - The market reversal on Thursday was primarily driven by concerns over the Federal Reserve's interest rate policy and ongoing fears of an AI bubble, despite Nvidia's strong earnings report [1][10][11]. Company Performance - Nvidia reported an exceptional third-quarter performance, leading to a 5.1% increase in its stock price during after-hours trading on Wednesday [2]. - Nvidia's stock opened 5.1% higher on Thursday, contributing to a positive start for the S&P 500 and Nasdaq Composite, which rose by 1.4% and 2.2%, respectively [5]. - However, by the end of Thursday's trading session, Nvidia's stock had declined by 3.2% from the previous close and 7.8% from its opening price [8]. Market Impact - Nvidia is recognized as a bellwether for the AI market due to its status as the largest AI company by market capitalization, significantly influencing other AI stocks [3][4]. - The company's market capitalization is reported at $4,532 billion, with a gross margin of 69.85% [9]. Investor Sentiment - Investor concerns were heightened by the release of mixed September jobs reports, leading to speculation that the Federal Reserve may not cut interest rates in December [10]. - Ongoing worries about an AI bubble were exacerbated by hedge fund manager Michael Burry's bearish positions on Nvidia and Palantir, although Nvidia's earnings report helped alleviate some of these concerns [11][12].

Market Overview - U.S. stocks experienced significant volatility, with sharp mood swings observed across major indices [2][4] - The Nasdaq Composite fell by 2.16% after an intraday high of 2.6%, while the S&P 500 and Dow Jones Industrial Average also saw declines of 1.56% and 0.84%, respectively, after earlier gains [2] Company Performance - Nvidia's stock was particularly volatile, rising by 5% before closing down 3.2%, indicating investor uncertainty despite initial reassurances from CEO Jensen Huang regarding the AI bubble [3] - Other AI-related stocks, such as Oracle and AMD, exhibited similar trading patterns, reflecting broader market concerns about the sustainability of AI valuations [3] Economic Indicators - The September U.S. jobs report exceeded expectations, contributing to market strain and reducing the likelihood of an interest rate cut by the Federal Reserve in December [4] - Investors are now facing high valuations and a diminished outlook for rate cuts, impacting market sentiment as the holiday season approaches [5]

Market Dynamics - Increased competition among AI labs benefits users by driving prices down through cash burn [1] - Intense competition may raise concerns about an AI bubble in both public and private markets [1]

Nvidia on Wednesday reported strong results that some argued would support the AI trade through the rest of the year. Others argued the results were themselves evidence of an AI bubble. https://t.co/j1OnyyxAa5 ...

US stock futures turned higher Friday after the week's latest bout of turbulence, while bitcoin kept tumbling to hit a multimonth low as AI worries continued to weigh on investors. Contracts on the tech-heavy Nasdaq 100 (NQ=F) rose 0.4%, while those on the S&P 500 (ES=F) gained 0.5%. Dow Jones Industrial Average futures (YM=F) led the way higher, gaining 0.7%. Stocks closed sharply lower on Thursday in a remarkable turnabout. US equities perked up in premarket after the New York Fed president, John Will ...

US stocks climbed on Friday during a turbulent session amid rising optimism for a December interest rate cut, while bitcoin (BTC-USD) kept tumbling amid a brutal stretch for cryptocurrencies. The tech-heavy Nasdaq Composite (^IXIC) put on more than 1%, while the S&P 500 (^GSPC) added 1.2%, reversing losses for the two gauges earlier in the trading day that had wiped out initial gains. The Dow Jones Industrial Average (^DJI) rose around 1.5%, or near 700 points. Stocks had closed sharply lower on Thursday ...