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The Further Revenge Of The Barbarous Relic (No Apologies To J.M. Keynes)

【最新内容：investingLive @investingLive_ · 2026-11-09T18:20:06.000Z】 I must be losing my mind because the old PBOC spokesman is making sense here. 【引用内容：Hu Xijin 胡锡进 @HuXijin_GT · 2026-11-09T16:39:28.000Z】 By any standard logic—given how vital both Jensen Huang and Nvidia are to the United States—if U.S. intelligence agencies had truly determined that Alice Huang was a "Chinese female spy," they ought to have issued a private warning to Jensen Huang first. Instead, they leaked the

TRUMP AND THE PM OF QATAR THAT TOOK PLACE AROUND NOON LASTED AROUND 45 MINUTES AND FOCUSED ON THE NEGOTIATIONS WITH IRAN, PER SOURCE FAMILIAR - AXIOS

How Hard Would It Be to Replace Jensen Huang at Nvidia? — WSJ. By Amrith Ramkumar Jensen Huang has spent decades honing a singular ability to cultivate relationships with politicians around the globe, growing Nvidia into one of the world's most valuable companies and the engine of the artificial-intelligence boom. Now, his stature as the company's key man has become a major risk for Nvidia. Here's what experts say about what might come next: "If it's true they really don't have much of a succession plan, then that's a problem," said David Larcker, a professor of corporate governance and accounting at Stanford University. "Jensen Huang is irreplaceable. He's become a singular force in the geopolitics of AI," said Jim Secreto, a public-affairs consultant and former deputy chief of staff in the Commerce Department during the Biden administration. "In many ways Jensen is Nvidia's Steve Jobs. That does not mean they cannot find a Tim Cook in the future, but it would be a massive changing of the guard, and the company has not been set up for that," said Daniel Newman, CEO of tech research and advisory firm Futurum Group. Read more here on Nvidia's succession planning. This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

Trump's close ties to Nvidia's Huang scrutinized after foreign intelligence concerns. By Courtney Rozen US President Donald Trump's close relationship with embattled Nvidia CEO Jensen Huang came under renewed scrutiny on Monday, after the company said its board was investigating whether the tech executive has been the target of a foreign intelligence effort. Huang is one of Trump's closest allies in Silicon Valley, and the relationship between the two dates to at least 2025. Over the past two years, he has repeatedly voiced support for the administration's agenda and become a regular presence in Washington as Nvidia sought to sell advanced chips to the Chinese market. Advanced chips are the backbone of the US AI boom and government officials have previously tried to restrict China's access to them through export controls to stifle its AI capabilities. Nvidia's board launched its probe after a New York Times report said Huang had a close relationship with a Chinese businesswoman whom US intelligence officials believe passed information to the Chinese government. Nvidia shares hit a seven-month low on Monday. Huang has a direct line to the president. A Reuters reporter saw Huang's full name pop up on Trump's phone in December 2025. Huang flew with Trump to China on Air Force One in May, the first visit by a US president to China in nearly a decade. Huang attended a high-profile state dinner in September for Chinese President Xi Jinping at the White House. The company committed $25 million for Trump's planned White House ballroom, according to media reports. The New York Times reported that Trump was briefed on Huang's relationship with the woman and that she was giving information to the Chinese government, and chose not to act on the information. Neither the White House nor Nvidia's communications team immediately responded to a Reuters request for comment on their relationship. "I’m pushing to investigate Jensen Huang and Nvidia to determine whether our national security was compromised," said Senator Chris Coons, a Delaware Democrat, in a post on X. "We need answers about the relationship between AI billionaires and the Trump administration, who's making these decisions, and who's really got their hand on the wheel." Huang's relationship with Trump has coincided with several favorable policy developments for the company. In April 2025, the administration backed off plans to restrict exports of certain Nvidia AI chips to China after Huang attended a dinner at Trump's Mar-a-Lago club in Florida. In December 2025, Trump said the US would allow Nvidia to export its H200 processors, its second-best AI chips, to China and collect a 25% fee on such sales. Trump has lavished Huang with praise, awarding him the nation's highest honor for scientific achievement in October. The same day Trump gave Huang the award, the president disclosed buying up to $1.6 million and selling up to $1 million in Nvidia stock during the summer. White House spokesperson Davis Ingle told Reuters at the time that third-party financial institutions independently manage the president's portfolio. Trump told reporters on Sunday night he had not spoken to Huang about the allegations, calling Huang an "honorable guy." "I hope everything's fine," he said about Huang. "He's done such an incredible job."

Trump and the PM of Qatar that took place around noon lasted around 45 minutes and focused on the negotiations with Iran, per source familiar - Axios

Kratos Price Target Cut to $120.00/Share From $135.00 by Canaccord Genuity. Ratings actions from Benzinga: https://www.benzinga.com/quote/KTOS/analyst-ratings (18:18 GMT) Kratos Is Maintained at Buy by Canaccord Genuity Ratings actions from Benzinga: https://www.benzinga.com/quote/KTOS/analyst-ratings

@themarketear: [转推] zerohedge reposted Sell Low, Buy High... Repeat. [链接预览] From Panic To FOMO: Max Pain Market Continues

@BarakRavid: [转推] LiveSquawk reposted The meeting between President Trump and the Prime Minister of Qatar that took place around noon lasted around 45 minutes and focused on the negotiations with Iran, per source familiar

U.S. Treasury sells $58 billion of 3 year notes at a high yield of 4.627%

U.S. OFFICIALS SAY ON RUSSIA-UKRAINE THAT THEY DON’T EXPECT TO RESOLVE THE WAR IN THE ABU DHABI TALKS BUT TO GET EACH SIDE TO CLARIFY THEIR POSITIONS SO THEY CAN THEN EXPLORE COMPROMISES, AND THAT THE U.S. WANTS THE RUSSIANS TO AGREE TO MULTILATERAL NEGOTIATIONS WITH EUROPE AT THE TABLE - CBS

US wants the Russians to agree to multilateral negotiations with Europe at the table - CBS

US Officials on Russia-Ukraine: We don't expect to resolve the war in the Abu Dhabi talks, but to get each side to clarify their positions so they can then explore compromises - CBS

Canaccord Genuity maintains Oklo at Buy, lowers price target to $66 from $100. Canaccord Genuity maintained Oklo at Buy and lowered its price target to $66 from $100, a 34.0% decrease. The price target implies an upside of 180.3% from the Nov 6 close of $23.55. Recent analyst actions on Oklo Date Firm Action Rating Price target Nov 9 Wedbush Reiterates Outperform $36 Nov 9 HC Wainwright & Co. Reiterates Buy $90 Oct 28 B. Riley Securities Maintains Buy $61 Oct 26 TD Cowen Initiates Coverage On Hold $26 Oct 22 Truist Securities Maintains Hold $31 Across the five most recent analyst notes published on Oklo over the past 30 days, price targets range from $26 to $90. Explore more price target data and ratings for Oklo on the Forecasts tab , and track all previous and future analyst recommendations in the dedicated News Flow .

BREAKING: Democrats vow to impeach Trump officials and investigate Republican donors, per FT

ITALIAN CABINET BACKS GAS PRICE CAP TO LOWER ENERGY BILLS

EU Plans Fresh Rules on Commercial Practices Online, Influencer Marketing, AI Systems. By Edith Hancock The European Union is planning new legislation to crack down on misleading commercial practices online that targets deceptive designs, influencer marketing and artificial intelligence chatbots. The European Commission — the bloc's executive arm — is set to unveil the Digital Fairness Act Wednesday which seeks to update EU rules for consumers. A draft of the text seen by Dow Jones Newswires said the digital age has "has given rise to new and more sophisticated ways of influencing consumers' choices." The commission wants to tackle what it calls unethical techniques and commercial practices linked to deceptive designs on online platforms, marketing by social media influencers, addictive designs of digital products themselves and online profiling, according to the draft which could still change before publication. Additional documents seen by Dow Jones outline the practices the commission would prohibit under the rules, including making false claims about the availability or popularity of a product online to create an impression of scarcity. The plans would see companies obliged to let consumers turn off features on platforms intended to keep them engaged with them. The commission has stepped up its enforcement against tech companies like TikTok and Meta Platforms in recent years over concerns that the designs of their widely used platforms are addictive. The draft regulation also singles out social media influencers and artificial-intelligence systems such as chatbots that interact with users. Write to Edith Hancock at edith.hancock@wsj.com

Canaccord Genuity maintains Kratos Defense & Security at Buy, lowers price target to $120 from $135. Canaccord Genuity maintained Kratos Defense & Security at Buy and lowered its price target to $120 from $135, an 11.1% decrease. The price target implies an upside of 241.9% from the Nov 6 close of $35.10. Recent analyst actions on Kratos Defense & Security Date Firm Action Rating Price target Nov 9 Guggenheim Maintains Buy $67 Nov 6 BTIG Maintains Buy $65 Nov 2 Keybanc Maintains Overweight $75 Oct 30 B. Riley Securities Maintains Buy $91 Oct 28 RBC Capital Maintains Outperform $55 Across the five most recent analyst notes published on Kratos Defense & Security over the past 30 days, price targets range from $55 to $91. Explore more price target data and ratings for Kratos Defense & Security on the Forecasts tab , and track all previous and future analyst recommendations in the dedicated News Flow .

@ReedReports: [转推] LiveSquawk reposted 🚨 Emerging from a meeting with House Dem Leader Jeffries, Sen. Democratic Leader Chuck Schumer tells me @scrippsnews he believes he WILL BE Majority Leader in the 120th Congress.

Trump's close ties to Nvidia's Huang scrutinized after foreign intelligence concerns. By Courtney Rozen US President Donald Trump's close relationship with embattled Nvidia CEO Jensen Huang came under renewed scrutiny on Monday, after the company said its board was investigating whether the tech executive has been the target of a foreign intelligence effort. Huang is one of Trump's closest allies in Silicon Valley, and the relationship between the two dates to at least 2025. Over the past two years, he has repeatedly voiced support for the administration's agenda and become a regular presence in Washington as Nvidia sought to sell advanced chips to the Chinese market. Advanced chips are the backbone of the US AI boom and government officials have previously tried to restrict China's access to them through export controls to stifle its AI capabilities. Nvidia's board launched its probe after a New York Times report said Huang had a close relationship with a Chinese businesswoman whom US intelligence officials believe passed information to the Chinese government. Nvidia shares hit a seven-month low on Monday. Huang has a direct line to the president. A Reuters reporter saw Huang's full name pop up on Trump's phone in December 2025. Huang flew with Trump to China on Air Force One in May, the first visit by a US president to China in nearly a decade. Huang attended a high-profile state dinner in September for Chinese President Xi Jinping at the White House. The company committed $25 million for Trump's planned White House ballroom, according to media reports. The New York Times reported that Trump was briefed on Huang's relationship with the woman and that she was giving information to the Chinese government, and chose not to act on the information. Neither the White House nor Nvidia's communications team immediately responded to a Reuters request for comment on their relationship. Huang's relationship with Trump has coincided with several favorable policy developments for the company. In April 2025, the administration backed off plans to restrict exports of certain Nvidia AI chips to China after Huang attended a dinner at Trump's Mar-a-Lago club in Florida. In December 2025, Trump said the US would allow Nvidia to export its H200 processors, its second-best AI chips, to China and collect a 25% fee on such sales. Trump has lavished Huang with praise, awarding him the nation's highest honor for scientific achievement in October. The same day Trump gave Huang the award, the president disclosed buying up to $1.6 million and selling up to $1 million in Nvidia stock during the summer. White House spokesperson Davis Ingle told Reuters at the time that third-party financial institutions independently manage the president's portfolio. Trump told reporters on Sunday night he had not spoken to Huang about the allegations, calling Huang an "honorable guy." "I hope everything's fine," he said about Huang. "He's done such an incredible job."

MERCK ANNOUNCES POSITIVE RESULTS FROM A PHASE 2B TRIAL OF EFINOPEGDUTIDE IN ADULTS WITH METABOLIC DYSFUNCTION-ASSOCIATED STEATOHEPATITIS (MASH) AND STAGE 2-3 FIBROSIS, SAYING THE DRUG DEMONSTRATED IMPROVEMENT IN LIVER FIBROSIS WITHOUT WORSENING STEATOHEPATITIS AND SIGNIFICANT MASH RESOLUTION WITHOUT FIBROSIS WORSENING AT 52 WEEKS

THE U.S. 3-YEAR NOTE SALE DREW A HIGH YIELD OF 4.627%, DOWN FROM 4.932% PREVIOUSLY AND ABOVE THE WHEN-ISSUED LEVEL OF 4.622%, WITH A BID-TO-COVER RATIO OF 2.53, DOWN FROM 2.62 DIRECT ACCEPTED ROSE TO 35.0% FROM 31.7%, WHILE INDIRECT ACCEPTED FELL TO 55.5% FROM 57.6%

Nvidia Stock Trades at Widest Gap Versus 200-Day Average Since Trump's Tariffs Rout. In April 2025, tariffs and China export curbs pulled Nvidia Corp. NVDA far below its long-term trend. Nineteen months later, the stock is back in that same territory, and this time the trigger is the company’s own chief executive . On Monday, the rest of the chip sector bounced while Nvidia went the other way. Shares fell more than 6% early in the session and were down 4.7% at $177.80 around midday in New York. The stock now sits about 13% below its 200-day moving average of $204.61. Nvidia has not traded this far below that line since late April 2025, in the weeks after Donald Trump ‘s “Liberation Day” tariffs. Nvidia daily chart and price-to-200-day moving average ratio. Source: TradingView The Chip Rally Is Leaving Nvidia Behind The split between Nvidia and its sector is unusual. The VanEck Semiconductor ETF SMH rose 4.8% on Monday, and the iShares Semiconductor ETF SOXX gained 7.1%. Nvidia is the largest holding in the VanEck fund. Advanced Micro Devices Inc. AMD climbed 11.5%, and Broadcom Inc. AVGO rose 9.1%. Meanwhile, the Nasdaq 100 added about 3.3%. As a result, Nvidia is trailing its own sector ETF by about 9.5 percentage points in a single day. The slide began before the weekend. On Nov. 5, Nvidia fell 9.3% during a broad chip selloff after the midterm elections. The stock is down about 13% from its Oct. 30 close and sits roughly 27% below its all-time intraday high of $243.37. The Catalyst Is A Governance Question, Not Demand The weekend brought a different kind of risk. CEO Jensen Huang acknowledged an affair, which is understood to have been with an executive at Megaspeed. Megaspeed is a Singapore-based cloud provider and Nvidia customer that U.S. officials suspected of helping Chinese companies get around chip export controls. Nvidia’s board has opened an independent investigation, overseen by independent directors and outside counsel. The company said it had “no reason to believe that either national security or NVIDIA secrets were compromised.” On Monday, the story escalated. According to The New York Times, a Commerce Department investigation into Megaspeed was transferred to the Justice Department after Nvidia’s general counsel contacted the agents working the case. The Justice Department is now running a criminal inquiry into Megaspeed, according to the report. A Commerce Department spokesman said the agency had handled the matter “strictly by the book.” The Justice Department declined to comment. Wall Street Asks Whether Huang Stays “The big question every Nvidia and tech investor is asking this morning…Will Jensen stay on as CEO of Nvidia?” Dan Ives of Yorkville Ives said. Ives sees only “a small chance” that Huang is removed or steps aside. However, Ives called the founder irreplaceable. “Jensen is the core DNA of Nvidia and its AI success and ambitions are heavily tied to him staying on as CEO,” Ives said. Ives keeps an Outperform rating and a $300 price target. Ives expects multiple congressional inquiries to weigh on the shares and more scrutiny of Nvidia’s chip sales to China. What The April 2025 Parallel Shows The last time Nvidia traded this far below its 200-day average, China was also part of the story. On April 4, 2025, after the tariff announcement, the stock closed 25.8% below the line. Less than two weeks later, Nvidia disclosed about $5.5 billion in charges tied to new U.S. license requirements for its H20 chips sold to China. The stock fell 6.9% the next day. In that episode, the damage came from policy. Demand was not the problem, and the stock recovered its 200-day average in May 2025. This time, the risk comes from inside the company. Nvidia reports fiscal third-quarter results on Nov. 17. Analysts expect revenue of $109.17 billion and earnings of $2.48 per share, according to Benzinga Pro data. The company has beaten revenue estimates for 16 straight quarters. The 200-day gap shows how far sentiment has fallen. It does not show whether the numbers will matter more than the governance questions over the next eight days.

US 3 Yr Note Auction High Yield 4.627% [Tail of 0.5 BPS] Bid-to-cover 2.53 Sells $58 bln Awards 73.41% of bids at high Primary Dealers take 9.48% Direct 35.04% Indirect 55.48%

US 3-Year Note Sale: - High Yield Rate: 4.627% (prev 4.932%) - Bid-Cover Ratio: 2.53 (prev 2.62) - Direct Accepted: 35.0% (prev 31.7%) - Indirect Accepted: 55.5% (prev 57.6%) - WI: 4.622%

US 3-YEAR NOTE BID-TO-COVER ACTUAL 2.530 (FORECAST -, PREVIOUS 2.620) $MACRO

US 3-YEAR NOTE HIGH YIELD ACTUAL 4.627% (FORECAST -, PREVIOUS 4.932%) $MACRO

BREAKING: Representative Thomas Massie has said that he's planning to move to force a vote on his articles of impeachment against Pete Hegseth today.

$DIS | An Internal Disney Presentation Reveals Its Top Streaming Priorities, From Creator Content To A Free Tier – @BusinessInsider [链接预览] Internal Disney presentation reveals its top streaming priorities, from creator content to a free...

Treasury WI 3y yield 4.622% before $58 billion auction

Dem Civil War? Letitia James Lashes Out At Far-Left In 'Big Tent' Party "Dunk On Power"

Nasdaq 100 Jumps 3% as Chips Rebound; Nvidia Lags Most Since DeepSeek: Stock Market Today. Wall Street staged a broad rebound Monday after last week’s AI-driven rout, with the Nasdaq 100 up 3.1% and on track for its best session since Aug. 4 as investors stepped back into beaten-down chip stocks . All 11 S&P 500 sectors rose and the CBOE Volatility Index fell 20% to 20.51. Nvidia went the other way. Nvidia Corp. NVDA fell 5% after its board said independent directors and outside counsel would investigate reports that CEO Jensen Huang was targeted by foreign intelligence. Huang disclosed over the weekend a relationship with a Singapore-based data center executive alleged to have spied on him, while the board said it has no reason to believe trade secrets or national security were compromised. With the S&P 500 up more than 2%, the slide puts Nvidia on track for its worst day relative to the index since Jan. 27, 2025, when the DeepSeek shock sent the stock down 17%. The drop has erased about $223 billion in market value. The rest of the chip complex rallied hard. The iShares Semiconductor ETF SOXX jumped 7.2%, its best day since July 30, after losing more than 12% on Thursday. Advanced Micro Devices Inc. AMD rose 11.8% and Applied Materials Inc. AMAT gained 11.5%. The S&P 500 rose 2.2% to 7,537, up 160 points. The Dow Jones Industrial Average gained 1,009 points, or 2%, to 52,295. Caterpillar Inc. CAT led the blue-chip index with a 6.7% gain as AI infrastructure and industrial names bounced back. The move added about $17 billion to Caterpillar’s market value. The Nasdaq 100 rose 3.1% to 27,816, and the Russell 2000 advanced 2.8% to 2,830. Treasuries slipped as investors moved back into risk. The 10-year Treasury yield rose 3 basis points to 4.88%. The 2-year yield climbed 6 basis points to 4.57%, and the 30-year yield edged up 1 basis point to 5.27%. Gold rose 1.1% to $4,121 an ounce and silver gained 1.7% to $52.81. Bitcoin BTCUSD edged up 0.2% to $74,883. West Texas Intermediate crude fell 3.5% to $87.66 a barrel and Brent sank 4.6% to $93.80 after President Donald Trump said the U.S. was unlikely to renew attacks on Iran as long as talks on its nuclear program and the Strait of Hormuz progressed. On the data front, the New York Fed’s Survey of Consumer Expectations showed one-year inflation expectations at 3.91% in October, from 3.90% in September. Three-year expectations rose to 3.29% from 3.25%, while the five-year gauge held at 3%. Monday’s Performance In Major US Indices Index Last % Change MTD YTD S&P 500 7,536.54 +2.16% -0.57% +10.09% Dow Jones 52,295.11 +1.97% +1.01% +8.80% Nasdaq 100 27,816.11 +3.06% -2.00% +10.16% Russell 2000 2,829.98 +2.75% +0.64% +14.02% According to the Benzinga Pro platform: The Vanguard S&P 500 ETF (NYSE: VOO ) gained 2.3%. The SPDR Dow Jones Industrial Average ETF Trust (NYSE: DIA) rose 2.1%. The Invesco QQQ Trust QQQ climbed 3.4%. The iShares Russell 2000 ETF (NYSE:IWM) rallied 2.8%. Industrials Lead as Investors Dump Defensives The Industrial Select Sector SPDR Fund (NYSE:XLI) led with a 3.8% gain, as Caterpillar and other AI power and building names recovered from last week’s selloff. The Consumer Staples Select Sector SPDR Fund (NYSE:XLP) lagged with a 0.4% gain as money rotated out of defensives. The Hershey Co. HSY fell 3.9% and Philip Morris International Inc. PM lost 2.5%. Technology climbed 3.6% and consumer discretionary 3%, while the Energy Select Sector SPDR Fund (NYSE:XLE) trailed with a 0.8% gain as crude fell. Lower fuel costs lifted the U.S. Global Jets ETF (NYSE:JETS) by 4.5%. Among the Russell 1000’s biggest gainers, Fervo Energy Co. FRVO soared 23.9% after the geothermal developer posted a third-quarter loss of 7 cents per share, narrower than the 9-cent loss expected, and lifted contracted power deals to 1,054 megawatts, worth about $11.9 billion. Coherent Corp. COHR jumped 18.5% and Lumentum Holdings Inc. LITE rose 12.4% as optical networking stocks led the AI rebound. QXO Inc. QXO rallied 17.5% after preliminary third-quarter sales rose 79% to about $4.9 billion and adjusted EBITDA climbed 85% to about $557 million. Full results are due Nov. 12. The Trade Desk Inc. TTD gained 16.1% ahead of its results, while AST SpaceMobile Inc. ASTS rose 15.1% after forming a joint venture with Rakuten Group to build a satellite-to-phone network in Japan, backed by up to 148 billion yen, or about $1 billion, in government support. On the downside, Ionis Pharmaceuticals Inc. IONS plunged 26.6% after cutting its 2026 sales forecast for triglyceride drug Tryngolza to about $50 million, from $100 million to $110 million. Rival Arrowhead Pharmaceuticals Inc. ARWR sank 18.3% on concerns about demand in the same market. First Solar Inc. FSLR slid 5.3% after Piper Sandler cut its price target to $222 from $251, keeping an Overweight rating. Looking Ahead The Trade Desk reports after the close, with analysts expecting earnings of 25 cents per share. AST SpaceMobile and Rocket Lab Corp. RKLB also report, with consensus calling for losses of 40 cents and 7 cents per share, respectively. Monday’s Russell 1000 Top Gainers Name % change Fervo Energy Co. +23.86% Coherent Corp. +18.45% QXO Inc. +17.52% The Trade Desk Inc. +16.13% AST SpaceMobile Inc. +15.05% Monday’s Russell 1000 Top Losers Name % change Ionis Pharmaceuticals Inc. -26.62% Arrowhead Pharmaceuticals Inc. -18.28% Freedom Holding Corp. FRHC -7.60% First Solar Inc. -5.32% Nvidia Corp. -4.96%

SpaceX-Tesla Merger Could be Accelerated, Possibly With Lower Premium — Market Talk. As special committees on Tesla and SpaceX's boards evaluate a potential merger between the two companies, those plans could be accelerated, potentially as a lower price, due to the Democrat victories in the midterms, Deutsche Bank analysts say in a note. They had previously assumed a "substantial" premium to secure shareholder support and minimize legal risks. "With the political environment changing, we wonder if that premium may have come down to accelerate the timing of a transaction," they write. "In other words, Tesla's shareholders may be willing to accept a lower price/premium to ensure a merger happens more quickly."(elias.schisgall@wsj.com)

Moderna Is Maintained at Neutral by Goldman Sachs. Ratings actions from Benzinga: https://www.benzinga.com/quote/MRNA/analyst-ratings

Fed's Barkin: Government debt, not consumer debt is at historic level

Key Events This Week: CPI, PPI, Fed Speakers Galore And The End Of Earnings Season

CoreWeave Q3 Preview: Stock Down 73% From Highs, Market Expert Says Company ‘Faces Two Big Tests’. CoreWeave Inc. CRWV looks to reverse recent stock moves with a strong third-quarter earnings report, which is coming Tuesday after market close . Here are the earnings estimates, what experts are saying and key items to watch. CoreWeave Q3 Earnings Estimates Analysts expect CoreWeave to report third-quarter revenue of $3.55 billion, up from $1.36 billion in last year’s third quarter, according to data from Benzinga Pro . The company has beaten analyst estimates for revenue in six straight quarters since going public. Analysts expect CoreWeave to report a loss of $1.16 per share versus a loss of 8 cents per share in last year’s third quarter. The company has missed analyst estimates for earnings per share in four of the six quarters since going public. What Experts Are Saying Freedom Capital Markets Chief Market Strategist Jay Woods said CoreWeave stock is facing pressure due to debt issuance concerns. "This week, it faces two big tests. First, are they able to turn its massive AI backlog into revenue and stronger guidance. Secondly, how will they address the mounting debt and interest costs to fund its data center expansion, especially with potential political headwinds looming," Woods said in a weekly newsletter. Looking at the CoreWeave stock chart, Woods says, "it’s not looking good, but there are some signs of potential relief." Woods said the stock has struggled to get momentum to the upside, with $60 being a "telling" area for major support. "The bears are clearly in charge and if there were to be a rally look for $60 where sellers step in. The stock is broken until proven otherwise." While the stock could head higher to $60, Woods said there is also "little support" from shares reversing to test all-time lows around $34. "As we head into its earnings, it is a stock to watch and not trade." Rosenblatt analyst John McPeake reiterated a Buy rating on CoreWeave ahead of earnings, while lowering the price target from $250 to $160. "We think the fundamental returns on CoreWeave’s AI infrastructure build out has improved even as its debt and equity has traded lower as the market absorbs issuance from multiple hyperscalers and technology companies," McPeake said in a new investor note. The analyst said that even after Democratic gains in the midterm elections, CoreWeave’s power targets look achievable over the near to medium term. "We continue to think the economics around GPU deployments, even at these higher interest rates, remain sound." Here are some other recent analyst ratings for CoreWeave and their price targets: Wells Fargo: Maintained Overweight rating, lowered price target from $160 to $115 Citigroup: Maintained Buy rating, lowered price target from $159 to $128 UBS: Maintained Buy rating, lowered price target from $120 to $105 Morgan Stanley: Maintained Equal-Weight rating, lowered price target from $99 to $70 Key Items to Watch There are many items to watch when CoreWeave reports, with many shared by the experts listed above. Debt and the recent midterm elections could be among the biggest items to watch when the company reports. Partnerships and backlog will be other areas to watch with investors turning bearish and lowering price targets ahead of earnings. The company reported revenue up 112.5% year over year in the second quarter with backlog hitting $104 billion. Management said the company was seeing "unprecedented demand" for CoreWeave Cloud. That backlog figure didn’t include $25 billion in customer wins since the end of the quarter. Analysts and investors will be watching to see if the backlog grew again in the third quarter. CoreWeave Stock Price Action CRWV Price Action: CoreWeave shares were up 5.91% at $49.14 at the time of publication Monday, according to Benzinga Pro data . The stock’s 52-week range is $40.58 to $138.25. Shares have fallen about 40% over the past month and are down about 31% this year. The AI stock hit an all-time high of $187 in June 2025 and is now down 73% from that peak and 64% from its 52-week high.

@finkd: [转推] LiveSquawk reposted Releasing Muse Ember today -- our smallest model that delivers higher intelligence per dollar than others in its class. Built for token-heavy work that agents repeat all day: tool calls, coding subtasks, routing, extraction, and long document parsing. Available today on the Meta Model API and in Muse Code.

US Official: US envoys may visit Putin in Russia after the Abu Dhabi talks.

Tuesday preview: Vodafone, CoreWeave results due; Chinese trade figures in focus. Full-year results from Avon Technologies will also be in focus, while in the US, quarterly results from CoreWeave will be released. Richard Hunter, head of markets at Interactive Investor , said CoreWeave’s earnings will be closely monitored as a test of investor caution after the share price slumped 33% in the year so far. Elsewhere, BRC like-for-like retail sales figures for October will be in focus, along with Chinese trade figures for October and the US consumer price index for October. Danske Bank said it expects the Chinese trade data to show "continued robust exports as well as strong import growth driven by chips imports and the rising prices in memory chips".

Jensen Huang Doesn't Believe in Succession Planning. It's Become a Big Risk for Nvidia. — WSJ. By Amrith Ramkumar Jensen Huang spent decades honing a singular ability to cultivate relationships with politicians around the globe, growing Nvidia into one of the world's most valuable companies and the engine of the artificial-intelligence boom. He made Nvidia a linchpin of the technological arms race, forging deals to provide cutting-edge chips and financial backstops to major tech players, from emerging cloud companies to leading AI providers. The company even sold a sweater with a cartoon of Huang on the front. Adoring fans mob Huang when he travels to Taiwan and around the world. Now, his stature as the company's key man has become a major risk for Nvidia. Shares slid as much as 8% in Monday morning trade following the launch of a board investigation into reports that he was the target of a Chinese espionage campaign. The co-founder and CEO has said he doesn't believe in succession planning, and has also said he hopes to cultivate the next generation of leaders so there could be many potential successors. With roughly 60 direct reports, Huang, 63, runs the company with a flat structure, saying leaders should continuously pass on knowledge and information as they have it. "If it's true they really don't have much of a succession plan, then that's a problem," said David Larcker, a professor of corporate governance and accounting at Stanford University, adding that he expects the board to consult outside advisers and lawyers to make a plan if one wasn't already in place. "It can be difficult to do what's more traditional in companies where you literally have the rock-star CEO or the CEO who literally has control of the company." Larcker has studied instances of CEOs having relationships with subordinates or outside contractors, and he has also looked at strong-willed tech founders like Steve Jobs, Mark Zuckerberg and Elon Musk. He said the current Nvidia predicament stands out because of the national-security implications and need for the government to be involved. "This is so unusual it's not like you can call somebody up and they say, 'Here's a game plan for this that's very tidy,'" he said. Nvidia's Investor Warning Nvidia's latest proxy statement warns that it is "highly dependent on the services of our longstanding executive team" and that the failure to ensure effective succession planning could "hinder our strategic planning, execution, and long-term success." The board hasn't publicly indicated who would succeed Huang if he were no longer able to lead. Huang co-founded the company in 1993, building it into a driving force of the AI boom by betting big on graphics-processing units that can process massive amounts of data. He owns 3.6% of the company, making him the largest individual shareholder. Even if Nvidia could find someone to fulfill the same business functions as Huang's, his decades traveling the world to forge business and policy partnerships with CEOs and global leaders would be difficult to emulate, industry analysts say. He frequently talks to President Trump and travels to Europe and Asia to pitch top officials on the importance of AI and the free flow of chips around the world. "Jensen Huang is irreplaceable. He's become a singular force in the geopolitics of AI," said Jim Secreto, a public-affairs consultant and former deputy chief of staff in the Commerce Department during the Biden administration. "No one else has his combination of technical expertise and personal relationships with world leaders." During a recent trip through Europe highlighting Nvidia's technology, he met with French President Emmanuel Macron and German Chancellor Friedrich Merz, urging the countries not to enact burdensome regulations and asking them to move quickly to adopt AI. Last month, Trump awarded Huang and other industry executives the National Medal of Science for their accomplishments in the sector. During a September live taping of the "All-In" podcast co-hosted by White House AI adviser David Sacks that featured Huang, Trump called the Nvidia CEO, who put the phone on speaker and praised the president for not overreacting to recent cyberattacks by AI models with overzealous restrictions. Early in Trump's second term, Huang forged a close relationship with Sacks, a venture capitalist who shares a preference for limited government intervention in the development of AI. Since that time, the Nvidia CEO helped push Trump to approve exports of an older chip the company makes directly to China, implement an executive order targeting states that impose restrictive AI rules and give tech companies investing heavily in the U.S. exemptions from semiconductor tariffs. "In many ways Jensen is Nvidia's Steve Jobs. That does not mean they cannot find a Tim Cook in the future, but it would be a massive changing of the guard, and the company has not been set up for that," said Daniel Newman, CEO of tech research and advisory firm Futurum Group, referring to the former leaders of Apple. 'Unparalleled access' Huang has also used his clout with other industry CEOs to help shape policy. Alongside Mark Zuckerberg of Meta Platforms, he helped lead a recent charge for top AI companies to agree to best practices for training new models and keeping them safe to prevent cyberattacks. One of the companies involved was SpaceX, a top Nvidia customer. Huang and SpaceX Chief Executive Elon Musk have worked together for more than a decade. In 2016, Huang personally delivered the first supercomputer for so-called deep learning to Musk when he was at OpenAI, inscribing it with a note saying "to the future of computing and humanity." Like other AI companies, SpaceX relies on billions of dollars' worth of Nvidia chips to run its models. That dependency has made many CEOs wary of crossing Huang or endorsing policies that he opposes. Earlier this year, Huang rallied support for an industrywide letter supporting open-weight models that are cheaper and more customizable after some administration officials considered banning some of the tools due to security concerns. Many of those open models are developed in China, and Nvidia is one of the top U.S. open-weight developers. The restrictions were never implemented. Huang is close friends with business partners and even some rivals, including Intel Chief Executive Lip-Bu Tan, who placed a doctoral hood on Huang when he received an honorary doctorate from Carnegie Mellon University earlier this year. Nvidia invested $5 billion in Intel late last year to expand its partnership with the company after the Trump administration took a 10% stake in the company. The Nvidia CEO regularly travels to Taiwan, where he was born and where most of the company's chips are manufactured by TSMC. Huang's trips are often whirlwinds, with admirers clamoring to take selfies and get autographs around meetings with key partners like TSMC founder Morris Chang. Huang "has shown a unique knack for networking with the world's ultra-elite — a rare skill in a sea of nerds," said Ryan Fedasiuk, a senior fellow at the Foundation for American Innovation think tank. "It was this unparalleled access to politicos and other industry titans that made him such an attractive target for Chinese intelligence to begin with." Write to Amrith Ramkumar at amrith.ramkumar@wsj.com

SpaceX Seen Benefiting From Higher Compute Pricing — Market Talk. Deutsche Bank analysts raise their revenue/Ebitda estimates for SpaceX in 2027 and 2028 on the view that Democrat midterm victories lead to a slower pace of the AI buildout, possibly sending spot pricing for compute higher. They say in a note that SpaceX should still be able to build out around 1 gigawatt of incremental compute capacity in Texas beyond Colossus 2, with plans for an additional 6 gigawatts in Arizona. The company may also have "a few more aggressive options," the analysts say, that may include redirecting compute internally to improve its own models while throttling customers' capacity, or terminating existing compute deals to charge customers even higher prices. "To be clear, we don't model these more extreme outcomes happening but we think it's worth at least bringing them up," they say.(elias.schisgall@wsj.com)

Moderna $MRNA stock is up another 9% 🟢 today hitting new 52 WEEK HIGHS Moderna is currently the best performing stock in the S&P 500 so far in 2026 now up by 840% 🟢

Texas Governor-elect Gina Hinojosa has pledged to declare a high-cost emergency on her first day in office and issue executive orders to freeze residential electricity rates and suspend state gas and diesel taxes, per DallasTexasTV

Tesla Stock Moves Higher: What's Going On. Tesla Inc . TSLA shares are rising Monday. CEO Elon Musk defended the planned end of Cybertruck production and Tesla said robotaxi rides will start this week in San Antonio . Tesla stock is charging ahead with explosive momentum. What’s driving TSLA stock higher? Tesla Stock Rises as Musk Defends Cybertruck Decision Tesla revealed Friday that it will end Cybertruck production around the middle of 2027, clearing space at its Texas factory for the Cybercab, a two-seat robotaxi, according to Reuters. Musk responded Monday in a post on X, arguing that weak demand is not behind the decision. “The Cybertruck order rate far exceeds our production rate,” Musk wrote. Over the next eight months or so, Tesla will build all the trucks it can before shutting the line, Musk said, and many reservation holders will get their deposits back. Musk also pushed back on reports that the Cybertruck loses money, saying legacy media misreported the story. Building the truck is complicated, Musk said, and the cost of occupying that capacity is much larger than the benefit of making more Cybercabs there. Tesla Expands Robotaxi Service to San Antonio In a separate announcement Monday morning, Tesla’s Robotaxi account on X said San Antonio gets robotaxi rides starting this week and that its Austin coverage area is growing. San Antonio lifts the network to roughly eight cities, joining Houston, Dallas, Fort Worth, Austin, Miami, Orlando and Tampa, while San Francisco also hosts Tesla test vehicles, according to Barron’s. Barron’s called the rollout behind the pace investors wanted. Robotaxi service debuted in mid-2025, when Musk had aimed to reach close to half of Americans by year-end. Coverage now sits nearer 10%, and about two of every three covered residents are in Texas. Robotaxis are not yet adding much to Tesla’s revenue or profit. Musk hopes they will appear in reported results by 2027, and the Cybertruck wind-down fits that plan by handing more factory capacity to the Cybercab. TSLA Shares Are Popping TSLA Price Action: Tesla shares were up 5.44% at $377.70 at the time of publication on Monday, according to Benzinga Pro .

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Apple Reclaims $5 Trillion Crown: What's Going On. Apple Inc. AAPL is drawing renewed investor attention as its lower dependence on large-scale AI infrastructure spending, strong demand for its bonds and expanding China AI rollout strengthen the company’s positioning within Big Tech. Apple Reclaims $5 Trillion Market Value Apple reclaimed a $5 trillion market capitalization and overtook NVIDIA Corp. NVDA after Democrats took control of both chambers of Congress, CNBC reported Friday. CNBC report said tougher data-center restrictions could favor Apple because the company does not rely on massive data-center expansion to support iPhone sales. At the same time, revenue continues to grow at a double-digit pace and capital spending declines. The report also said hyperscalers could benefit if tighter construction rules raise the value of existing data-center capacity and allow large technology companies to moderate spending and ease cash-flow pressure. By contrast, NVIDIA could feel the impact earlier if data-center construction slows. NVIDIA came under more pressure on Monday after CEO Jensen Huang disclosed a romantic relationship with a woman suspected of having ties to Chinese intelligence. Apple Raises $7.5 Billion In Bond Market Last Thursday, Apple raised $7.5 billion through a high-grade bond offering that attracted about $31 billion in orders at its peak, Bloomberg reported. The company plans to use the proceeds for general corporate purposes, including share repurchases. Bloomberg Intelligence analyst Robert Schiffman said Apple’s return to the bond market appeared “more opportunistic than funding-driven,” adding that shareholder returns remain a greater capital priority for Apple than the heavy AI infrastructure spending facing hyperscaler peers. Apple Expands AI Rollout In China According to a Monday Reuters report, Apple registered Apple Intelligence for use on tablets and laptops in China. The approval follows Chinese regulatory clearance in July to bring Apple Intelligence to iPhones. Reuters also reported that Apple trained a China-specific large language model with support from Alibaba Group Holding Ltd. BABA . Alibaba said Chinese users will be able to access Qwen-powered text and image understanding and content-generation capabilities through Siri, writing tools and visual intelligence. The companies expect those features to roll out to Chinese users in December with iOS 27.3. AAPL Price Action: Apple shares were up 2.19% at $349.86 at the time of publication on Monday. The stock is trading near its 52-week high of $355.38, according to Benzinga Pro data .

Goldman Sachs maintains Moderna at Neutral, raises price target to $195 from $137. Goldman Sachs maintained Moderna at Neutral and raised its price target to $195 from $137, a 42.3% increase. The price target implies a downside of 23.3% from the Nov 6 close of $254.19. Recent analyst actions on Moderna Date Firm Action Rating Price target Nov 9 Piper Sandler Reiterates Overweight $305 Oct 27 William Blair Downgrades Market Perform — Oct 21 TD Cowen Maintains Hold $90 Oct 15 Goldman Sachs Maintains Neutral $137 Across the four most recent analyst notes published on Moderna over the past 30 days, price targets range from $90 to $305. Explore more price target data and ratings for Moderna on the Forecasts tab , and track all previous and future analyst recommendations in the dedicated News Flow .

US official on Ukraine: Russia is showing positive signs to creating an end.