Group 1 - Gold prices decreased following President Trump's decision to cancel tariffs on several European countries, which alleviated some geopolitical tensions that had previously driven up gold prices [1] - New York futures fell by 0.2% to $4,829.10 per troy ounce, although prices remained above the $4,800 mark and were on track for a 4% weekly gain [1] Group 2 - Market focus is shifting towards PCE inflation data for insights on the Federal Reserve's interest rate cut strategy [2] - While the Federal Reserve indicates one rate cut this year, market expectations are leaning towards two cuts, potentially starting as early as June or July, with another anticipated in the fourth quarter [2]

Core Insights - Nvidia Corp. reported a record revenue of $57 billion and earnings per share of $1.30, surpassing estimates, but the broader tech sector faced a significant sell-off, losing over $800 billion in market value [1][2][4]. Group 1: Nvidia Corp. Performance - Nvidia's Q3 revenue increased by 62% year-over-year, exceeding the $54.88 billion estimate, marking its 12th consecutive "double beat" [4]. - CEO Jensen Huang highlighted strong demand for Blackwell sales and projected Q4 revenue between $63.70 billion and $66.30 billion, above analyst expectations of $61.48 billion [4]. Group 2: Broader Market Trends - The tech sector experienced its worst week since April, raising concerns about the "AI bubble" narrative among investors [2]. - Focus is shifting to upcoming inflation and labor data to assess the timing of the next Federal Reserve rate cut, with attention on whether mega-cap tech leadership can expand to the broader market [2]. Group 3: Other Notable Stocks - High-performance computing stocks like IREN, Riot, and Cipher surged following Nvidia's strong Q3 results, indicating their reliance on Nvidia's data-center infrastructure dominance [5]. - Webull Corp. reported a 55% year-over-year revenue increase to $156.94 million, surpassing estimates, with customer assets climbing 84% to $21.2 billion [6]. Group 4: Bearish Trends - Netflix shares fell approximately 11% post-Q3 earnings due to concerns over its M&A strategy and competition in the streaming market [7]. - Home Depot cut its full-year profit forecast, citing a stalled housing market and weak demand for large projects, with housing turnover at a 40-year low of 2.9% [8]. - LifeMD reported a Q3 adjusted loss of $0.07 per share and lowered its full-year revenue outlook significantly, indicating financial struggles [9].