Nvidia Faces Supply Chain Challenges Amid AI Demand Surge

Image source: Wikimedia Commons

Nvidia Faces Supply Chain Challenges Amid AI Demand Surge. 🖥️ Nvidia's shares dip over 3% as supply constraints and a design flaw in its Blackwell chips hinder production, despite booming AI demand. CEO Jensen Huang emphasizes efforts to ramp up output, with analysts closely watching how supply bottlenecks impact revenue projections. Reuters reports.

🌨️ Snowburst: Snowflake shares pop 19% on earnings and revenue beat. CNBC reports.

📈 DeltaFlow: Delta expects higher profits thanks to high-end travel and ‘resilient economy’. CNBC reports.

🧠 AIvolution: Qualcomm plans for life after Apple. It’s coming for Intel and AMD. MarketWatch reports.

🔍 KPMGCloud: KPMG to spend $100 million on AI partnership with Google Cloud. Reuters reports.

💼 JobShock: Ford is cutting 4,000 more jobs in Europe, citing ‘significant losses’. MarketWatch reports.

📉 TargeTumble: Target shares plunge 21% after discounter cuts forecast, posts biggest earnings miss in two years. CNBC reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $WORX: SCWorx
Total gain: 101.02%

2. $AKTS: Akoustis Technologies
Total gain: 51.89%

3. $RMSG: Real Messenger
Total gain: 50.53%

4. $PET: Wag Group
Total gain: 44.21%

5. $VEEA: Veea
Total gain: 26.59%

With Musk in tow, Trump eyes changes to government policies on AI and its dangers

Donald Trump is poised to enter the White House for the second time. His agenda will include overseeing the development of artificial intelligence, potentially the most powerful technology of our time.

The president-elect has promised to “slash excess regulations” and tapped tech billionaire Elon Musk, another critic of government rules, to help lead the effort. More specifically, the Republican Party, in its election platform, said it would repeal a sweeping executive order signed by President Joe Biden that set out actions to manage AI’s national security risks and prevent discrimination by AI systems, among other goals.

📰 Read more

The closing price of the top three market percent gainers trading near or above $3 on November 20.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $FBRX: Forte Biosciences
Total gain: 127.33%
The company has announced an oversubscribed $53 million equity financing to support the ongoing clinical development of FB102. Forte Biosciences will host an R&D Day on December 3, with additional details to follow. Benzinga reports.

2. $XCUR: Exicure
Total gain: 93.64%
The stock appeared to be moving on no notable news.

3. $AGFY: Agrify
Total gain: 63.67%
The stock appeared to be moving on no notable news.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

CPRT: Copart
1Q 2025
After Market Close
Estimate: 0.370
Actual: N/A

ESTC: Elastic
2Q 2025
After Market Close
Estimate: 0.380
Actual: N/A

UGI: UGI
4Q 2024
After Market Close
Estimate: -0.290
Actual: N/A

Time (ET) / Report / Period

8:30 am - Initial jobless claims - November 16
8:30 am - Philadelphia Fed manufacturing survey
8:45 am - Cleveland Fed President Beth Hammack welcoming remarks
10:00 am - Existing home sales - October
10:00 am - Leading economic index

“A long-term view is crucial because the short-term fluctuations of the market can often be misleading.”

― Philip FisherSourced in:
“Common Stocks and Uncommon Profits”, by Philip Fisher, published in 1958