Core Insights - Wall Street experienced a record-setting rally, with Nvidia Corp. achieving a market cap of $5 trillion, marking a historic milestone [2] - The "Magnificent Seven" tech giants, including Apple, Amazon, Alphabet, Microsoft, Meta, and Tesla, contributed to significant market gains [2] - Federal Reserve Chair Jerome Powell expressed caution regarding future rate cuts, impacting market sentiment [3] Company Highlights - **MercadoLibre Inc.** reported Q3 revenue of $7.41 billion, a 39% year-over-year increase, marking its 27th consecutive quarter of over 30% revenue growth, driven by strong performance in Brazil, Mexico, and Argentina [5] - **Microsoft Corp.** shares rose following a new agreement with OpenAI, making Microsoft a 27% stakeholder in OpenAI's public-benefit corporation, valued at approximately $135 billion, and securing a commitment for $250 billion in Azure cloud services [6] - **Joby Aviation Inc.** saw its stock surge after being named the exclusive aviation launch partner for Nvidia's IGX Thor AI platform, which is expected to enhance Joby's autonomous flight technology [7] Bearish Developments - **Meta Platforms Inc.** reported Q3 revenue of $51.24 billion, up 26% year-over-year, but missed EPS expectations due to a significant tax charge, leading to a stock sell-off [8] - **Chipotle Mexican Grill Inc.** experienced a decline in stock price after Q3 revenue fell short of estimates at approximately $3.00 billion, with only a 0.3% increase in comparable restaurant sales [9] - **Carvana Co.** posted Q3 revenue of $5.65 billion, a 55% year-over-year increase, but missed EPS expectations, causing concerns over margin pressure and stock decline [10]

Federal Reserve's Rate Decision - The Federal Reserve cut rates for the second consecutive time, with Chair Powell indicating that no further cuts are expected in December, which surprised some observers but was generally welcomed [1][2] - The decision reflects a focus on inflation, which is further from the target than unemployment, and suggests that the Fed is returning to a data-dependent approach [2][3] Economic Indicators and Inflation - The Fed's ability to impact inflation is considered more durable than its influence on unemployment, especially in the context of significant deficits and AI spending [2] - There is a concern about the Fed's access to timely data, but alternative real-time indicators are available, which mitigates this disadvantage [4][5] Tariffs and Monetary Policy - Chair Powell mentioned that excluding tariffs from inflation calculations shows that the Fed is closer to its 2% target, raising questions about the implications of tariffs on monetary policy [6][7] - The argument of excluding certain components from inflation metrics is criticized as potentially misleading, as it does not account for consumer spending shifts [8][9] Fed Consensus and Dissent - Recent Fed meetings have seen dissenting opinions, indicating a breakdown in consensus regarding rate cuts, reflecting the complexity of the current economic landscape [9][10] - The dissenting views highlight genuine debates among economists about the appropriate monetary policy response [10] Balance Sheet Management - The Fed announced it would stop the roll-off of its balance sheet, raising questions about liquidity concerns and the significance of the balance sheet size in the current economic context [11][12] - The reduction of the balance sheet is viewed positively as it may lead to a more favorable long-term debt structure for the government [13] U.S.-China Relations and Economic Impact - The recent meeting between President Trump and President Xi Jinping was seen as a positive step in avoiding economic confrontation, although the long-term economic implications remain uncertain [14][15] - The focus on technology and competition, particularly in AI, is highlighted as a critical area for future economic policy, with export controls on advanced microchips being a contentious issue [19][20]

What we saw from big tech earnings thus far suggests that spending on artificial intelligence will increase next year.AMD (AMD +0.68%) is scheduled to provide an investor update that is likely to have major implications for all stock market investors.*Stock prices used were the afternoon prices of Oct. 28, 2025. The video was published on Oct. 30, 2025. ...

He was accused of taking more than just fellow employees. In 2005, a court sentenced him to 17 months in prison for stealing trade secrets from ZTE in order to grow his own company.Zhang boasts a scrappy entrepreneur story that matches the boy-wonder tales of Bill Gates and Steve Jobs. Born in the regional city of Meizhou to a farming family, he worked for local mobile phone manufacturers at the dawn of China’s entry into the World Trade Organisation, including national champion ZTE, before leaving to set u ...

Core Insights - Monolithic Power Systems Inc. (MPWR) has experienced an upward trend in share price over the past six months, indicating investor optimism following the company's strong performance in recent quarters [1] Company Performance - The increase in MPWR's share price is likely a reflection of positive investor sentiment due to the company's performance in the last few quarters [1] Market Sentiment - Investor optimism surrounding MPWR suggests confidence in the company's future growth and profitability [1]

Core Insights - Investors should prepare for significant market shifts in 2026, particularly in AI technology, as substantial resources are being invested in AI computing power [2] - AI stocks are expected to remain strong investments in 2026, with five specific stocks recommended for purchase now to capitalize on future growth [3] Company Summaries - **Nvidia**: Recognized as the leading company in AI investing, Nvidia's GPUs are integral to current AI technologies. The company is projected to benefit from a rise in global data center capital expenditures from $600 billion this year to $3 trillion to $4 trillion by 2030, indicating substantial growth potential [4][5] - **Broadcom**: While Broadcom is a competitor to Nvidia, only a third of its revenue is derived from AI-related sales. The company is focusing on custom AI accelerators designed for specific workloads, which may lead to increased adoption and revenue growth in the AI sector [6][7] - **Taiwan Semiconductor Manufacturing (TSMC)**: TSMC plays a crucial role in the AI arms race by manufacturing chips for both Nvidia and Broadcom. This positions TSMC to benefit from the growth of AI technologies regardless of which chip designer prevails [8]

Industry Dynamics - Silicon Valley's success has been attributed to its distance from Washington [1] - The increasing reliance of AI on chips, data centers, and grids elevates the importance of politics [1]

China's Ministry of Commerce on Saturday said it is looking to exempt some Nexperia orders from an export ban that it imposed after the Netherlands seized control of the Chinese-owned Dutch chipmaker. "We will comprehensively consider the actual situation of enterprises and grant exemptions to exports that meet the criteria," a ministry representative said in a statement. According to the ministry, exemptions were being considered to stabilise the supply of Nexperia chips in global supply chains. It enco ...

In a sign of how critical technology will be for China's growth in the following five years, the proposal had 46 references to the word, compared with 36 in the plan for 2020-2025.Chipmakers, robotics companies, high-end manufacturers and stocks linked to domestic consumption were set to emerge as outperformers in the long run, according to brokerages including Guotai Haitong Securities and Huajin Securities.Chinese President Xi Jinping (centre) attends the fourth plenary session of the 20th Communist Party ...

Wingtech Technology, the Chinese owner of Nexperia, has named experienced general counsel Sophie Shen Xinjia, a Columbia Law School graduate, as its president amid a Sino-Dutch dispute over control of the Netherlands-based chipmaker. Shen's tenure as president would be in line with that of Wingtech's 12th board, which was formed in January and will expire by January 2028, according to the company's filing with the Shanghai Stock Exchange on Friday. She replaced Zhang Qiuhong, who served as Wingtech's pres ...