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TLDR
MARKET RECAP → The Dow Jones (DIA) and S&P 500 (VOO) climbed Thursday as investors shifted to cyclical stocks set to gain from a strengthening economy, moving away from tech shares like Nvidia following its earnings report.
UK'S MINI-BUDGET CRISIS LESSONS → Britain's fiscal misstep offers a cautionary tale for global markets, highlighting risks of currency volatility and surging bond yields.
NVIDIA BLACKWELL CHIPS IN HIGH DEMAND→ 🚀 Nvidia's (NVDA) Blackwell chips are exceeding production expectations, with surging demand from AI leaders like Microsoft and OpenAI driving record shipments.
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TODAY’S TOP NEWS
UK's Mini-Budget Crisis Lessons
📉 Bond strategists compared Trump’s pro-growth economic plans to Britain’s 2022 “mini-budget” crisis, warning of potential currency volatility and surging Treasury yields.
💸 Plans like tax cuts and increased borrowing could elevate inflation expectations and investor unease, possibly leading to a sell-off in U.S. bonds similar to the U.K.'s turmoil.
🏦 While the dollar’s reserve currency status provides resilience, experts noted sustained bond yield increases could challenge investor confidence, requiring cautious fiscal management.
TODAY’S TOP NEWS
Nvidia Blackwell Chips In High Demand
🖥️ Nvidia’s (NVDA) new Blackwell chips are rolling out faster than expected, with production in “full steam” and demand outpacing supply. Despite initial engineering tweaks, 13,000 units have already shipped to key customers like Microsoft and OpenAI.
🚀 CEO Jensen Huang confirmed Blackwell shipments this quarter will surpass forecasts, with volume increasing each subsequent quarter. Nvidia is ramping up manufacturing while managing supplier constraints during the generative AI boom.
💰 Gross margins for Blackwell will initially be lower than Nvidia’s record 73.5% in Q3, but are expected to rise as production scales. Nvidia sees Blackwell as pivotal in advancing next-gen AI, with sales projected to outpace its Hopper chips.
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