Dow Jones
Real-Time Financial News Wire
There are signs of tentative Bitcoin buying interest after the recent selloff, but that doesn't yet imply a reversal, says Linh Tran at XS.com. ... Key drags--particularly ETF outflows and expectations of higher U.S. interest rates--have yet to improve enough to clear the way for…
Mixed
Tentative buying slightly challenges the missing-buyers view, but Tran argues persistent ETF outflows and rate expectations still obstruct a sustained Bitcoin uptrend.
Reuters
Global News Agency
Bitcoin , the oldest and largest cryptocurrency by market capitalisation, fell by more than 2% to $73,708, the lowest price since August.
tradingview.comSupports
The fall to $73,708 confirms the bearish scenario: Bitcoin lost $75,000 support and has already traded through the $74,000 downside level.
Walter Bloomberg
Financial News Headlines Aggregator, Not Affiliated with Bloomberg
Analyst Stefan Chang estimates Nvidia's financial commitments have surged more than tenfold to $165 billion, including $105 billion tied to an Ohio data-center project.
x.comChallenges
Estimated commitments of $165 billion, including $105 billion for an Ohio project, raise financing risk at Nvidia, a major memory counterparty, weakening confidence in the backing for durable Micron revenue.
Fireside Alpha
Business, Technology and Investing Interview Digest
Gavin Baker on memory LTAs: ... If you break your LTA, and then in the next two or three years, for any reason, leverage shifts back to the memory guys, you’re out of business. It’s over.
x.comSupports
Argues risking future allocations when supply tightens again within two or three years deters LTA breaches, supporting the customer incentives behind Micron's revenue durability.
Tom Mackenzie
Co-anchor of Opening Trade on Bloomberg TV, Host of Bloomberg Tech Europe
You can also expect on the Hill in Washington, D.C., the scrutiny of Nvidia and particularly its links with companies in Southeast Asia and what extent it has facilitated that shipment of chips into the Chinese market will also come under greater scrutiny. We know the Committee f…
Supports
Mackenzie expects scrutiny of Nvidia’s Southeast Asian links and chip shipments into China, and identifies a Nov. 18 Foreign Affairs Committee meeting as a milestone to watch.
Dow Jones
Real-Time Financial News Wire
The NVIDIA Board is initiating an independent investigation in light of recent reporting that founder and CEO Jensen Huang has been the target of a foreign intelligence effort. ... While the Board has no reason to believe that either national security or NVIDIA secrets were compr…
Mixed
An independent board investigation escalates Nvidia’s response to the reported targeting of Huang, while the board’s stated lack of reason to believe secrets or national security were compromised tempers the risk.
Jukan
Semiconductor & AI Infrastructure Research at Citrini
Nikkei: Elon Musk’s Terafab has told semiconductor equipment suppliers it is targeting a production capacity of 1 million wafers per month from 2032 onward. ... Of that total, 700,000 wafers per month would be allocated to memory chips and 300,000 to logic chips.
x.comChallenges
Nikkei reports an unconfirmed target of 700,000 memory wafers per month from 2032; if achieved, it could pressure SK hynix and Samsung’s long-term pricing and normalized margins.
Zephyr
AI & Semiconductor Analyst at Citrini Research
In fact, Hynix idiots delayed Rubin ramp cuz Advanced MR MUF still has a lot of issues ... They haven't fixed it and have been struggling with HBM4 yields for over a year now
x.comChallenges
Zephyr alleges unresolved Advanced MR MUF issues and over a year of HBM4 yield struggles, further challenging SK hynix’s execution advantage; the claims remain unconfirmed.
Elon Musk
CEO of Tesla, Founder & CEO of SpaceX
This is not a case of Cybertruck being unprofitable, as has been misreported by legacy media, but rather that the opportunity cost of the complexity of Cybertruck is vastly outweighed by the value of incremental Cybercab production.
x.comSupports
Musk argues that incremental Cybercab production is worth more than retaining Cybertruck's manufacturing complexity, supporting Tesla's allocation of factory capacity to its purpose-built autonomous format.
Steve Hou
Head of Research at Silicon Data, AI Compute Markets
In the next couple of years, AI buildout will continue but at a slower pace. The net impact of the election is that the price of AI buildout per MW goes up due to higher regulatory burden and community cost-sharing/reimbursement/taxes.
x.comChallenges
Expected regulatory and community costs per MW could slow buildout over the next couple of years, weakening rack-volume growth behind Dell and Super Micro's integration opportunity.
Fireside Alpha
Business, Technology and Investing Interview Digest
David Sacks says ... My base case is that the projects that are fully permitted will get done in 2027, but I don’t think there’s going to be major new projects in this new regime for a long time ... I get really worried about 2028.
x.comMixed
Expected completion of permitted projects supports the deployment backdrop for 2027's $711 billion NVL72 forecast; feared approval delays threaten rack demand beyond 2027.
Steve Hou
Head of Research at Silicon Data, AI Compute Markets
Texas alone accounts for roughly a quarter of the planned U.S. pipeline; states with pause or heavy-restriction pledges hold around 40%. ... The AI infrastructure cycle continues, but at a slower pace and higher cost than the pre-election baseline.
x.comSupports
With roughly 40% of the planned U.S. pipeline in states pledging pauses or heavy restrictions, the forecast of costlier AI capacity supports Bitcoin’s relative case against hyperscalers that must spend to scale.
Fireside Alpha
Business, Technology and Investing Interview Digest
Chamath explains ... “I think what it means is we’re going to see a slowdown. And I think what that does is it benefits the hyperscalers because they have existing capacity.
x.comChallenges
The view that a data-center slowdown benefits hyperscalers through existing capacity weakens the argument that their need to spend makes Bitcoin the superior 10-year investment.
Scott Wisniewski
President & Chief Strategy Officer of AST SpaceMobile
Thrilled to announce J-LEO final award today alongside partner Rakuten! ~$1 billion in non-dilutive funding towards spacecraft and launch from the Japan Ministry of Internal Affairs and Communications.
x.comChallenges
About $1B in non-dilutive funding for spacecraft and launch eases AST’s financing needs, weakening the concern that its spending plans require further dilution.
Space Investor
Space-Sector Investor
AST SpaceMobile told the FCC it will start direct-to-cell service in Brazil with TIM, one of the country's largest carriers, very soon. ... Brazil would be AST's first commercial market outside the US.
x.comSupports
AST’s stated plan to start service soon with TIM in Brazil would establish its first commercial market outside the US, supporting the network and carrier value treated as upside in the thesis.
Brett Adcock
Founder of Figure
[Replying to @1891352412524539904: "Sure Tesla absolutely wins when it comes to mass manufacturing of humanoid robots. However, who knows if they've actually made any progress towards a capable robot. They haven't shown anything in several months."] Intelligence will pick the win…
Challenges
He argues Tesla’s car-manufacturing experience offers almost no robotics advantage and that intelligence will decide the winner, challenging whether Tesla’s industrial scale can make its pivot succeed.
Elon Musk
CEO of Tesla, Founder & CEO of SpaceX
There are efficiency improvements coming that will allow for a 40kWh Cybercab pack. ... If we have to maintain a complex production line, supply chain and allocate engineering for Cybertruck, we can’t use those people or factory space and machinery for scaling Cybercab, which is…
Supports
Ending Cybertruck would free scarce staff and factory resources for Cybercab, strengthening the pivot’s rationale; planned efficiency gains would also allow a 40 kWh Cybercab pack, Musk says.
Reuters
Global News Agency
Brokerage HSBC said in a note that it is using last week's correction to increase its exposure to equities again, leaning into tech stocks in the US and Asia.
tradingview.comChallenges
HSBC says it is increasing equity exposure after last week’s correction, leaning into U.S. and Asian tech. This identifies institutional buying as another source of support alongside retail demand and buybacks.
Walter Bloomberg
Financial News Headlines Aggregator, Not Affiliated with Bloomberg
Citi has downgraded US equities, global technology and European technology to Neutral, citing weakening AI sentiment and risks of further investor selling. The bank warns that the Nasdaq could fall another 5% before positioning turns decisively bearish.
x.comSupports
Warns that selling could continue, with another 5% Nasdaq decline possible before positioning turns decisively bearish, challenging the idea that light positioning means liquidation is exhausted.