US Morning News Call | Michael Burry Warns AI Bubble Repeat, $1 Billion Bearish Bet on PLTR, NVDA
Key Takeaways:
• Michael Burry Warns AI Bubble Repeat, $1 Billion Bearish Bet on PLTR, NVDA
• Major Tesla Investor Rejects Elon Musk's $1 Trillion Pay Package
• Key Earnings: AMD, SMCI, UBER, etc.
Before the Bell
On Tuesday, stock futures declined, weighed down by a drop in artificial intelligence-related stocks.
$E-mini NASDAQ 100 Futures (MAR6) (NQmain.US)$ went down by 1.24%;
$E-mini S&P 500 Futures (MAR6) (ESmain.US)$ went down by 0.95%;
$E-mini Dow Futures (MAR6) (YMmain.US)$ went down by 0.67%.
Top News
Supreme Court to Determine Limit of Presidential Emergency Tariff Power
The U.S. Supreme Court is scheduled to hear oral arguments on November 5 in a case that will test the limits of presidential emergency powers, specifically regarding the authority to impose tariffs under the International Emergency Economic Powers Act (IEEPA). The case challenges President Donald Trump's use of the law to impose sweeping tariffs.
Microsoft Azure Hits 1.1 Million Token/Sec AI Inference Record
$Microsoft (MSFT.US)$ Azure, utilizing its ND GB300 v6 Virtual Machines powered by Nvidia GB300 GPUs, has achieved a new AI inference speed record of 1.1 million tokens per second on a single Azure rack.
Major Tesla Investor Rejects Elon Musk's $1 Trillion Pay Package
Norway's sovereign wealth fund, which manages $1.9 trillion and is one of $Tesla (TSLA.US)$ 's largest shareholders, announced it will vote against CEO Elon Musk's proposed $1 trillion pay package.
Michael Burry Bets Massive Put Options on Nvidia and Palantir
Michael Burry's Scion Asset Management has taken significant bearish positions against AI-related stocks, including put options covering 5 million shares of $Palantir (PLTR.US)$ and 1 million shares of $NVIDIA (NVDA.US)$ . The total value of these bearish bets is estimated to be over $1 billion, with Burry reportedly warning that the AI boom is a repeat of the 2000 dot-com bust.
Crypto News
Second-Largest Digital Asset Treasury Holds Nearly 3.4 Million ETH
$Bitmine Immersion Technologies (BMNR.US)$ has increased its Ethereum holdings to nearly 3.4 million ETH, valued at over $12 billion.
DeFi Protocol Balancer Potentially Exploited for Over $120 Million
The decentralized finance (DeFi) protocol Balancer appears to have suffered a major exploit, with on-chain data indicating that over $120 million in assets were drained from its vaults.
Market Events
Key Earnings
After Market
The market anticipates $Advanced Micro Devices (AMD.US)$ revenue of $8.75 billion, up 28.33% YOY, with EPS at $0.682, a 45.02% YOY increase.
The market anticipates $Astera Labs (ALAB.US)$ revenue of $0.2 billion, up 82.54% YOY, with EPS at $0.238, a 575.95% YOY increase.
The market anticipates $Super Micro Computer (SMCI.US)$ revenue of $5.795 billion, down 2.39% YOY, with EPS at $0.274, a 59.13% YOY decrease.
Before Market
The market anticipates $Uber Technologies (UBER.US)$ revenue of $13.26 billion, up 18.53% YOY, with EPS at $0.686, a 42.81% YOY decrease.
The market anticipates $Shopify (SHOP.US)$ revenue of $2.76 billion, up 27.65% YOY, with EPS at $0.254, a 60.25% YOY decrease.
The market anticipates $Spotify Technology (SPOT.US)$ revenue of $4.23 billion, up 6.12% YOY, with EPS at $2.02, a 39.5% YOY increase.
The market anticipates $Pfizer (PFE.US)$ revenue of $16.5 billion, down 6.78% YOY, with EPS at $0.44, a 43.45% YOY decrease.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo Breakfast US
Moomoo News Official Account
Explore and integrate top feeds before the bell
71K
Followers
19
Following
74K
Visitors
Follow
74438180 : lol u relize that guys been wrong alote
美股乌托邦 74438180 : Then you should go all in and take a gamble.
Buy n Die Together❤ :