Nvidia's AI Surge: Will Blackwell Chips Drive the Next Revenue Wave?

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Nvidia's AI Surge: Will Blackwell Chips Drive the Next Revenue Wave? ⚙️ Nvidia, a leader in AI chips, faces slowing growth and supply chain challenges ahead of its Q3 results. Investors are focused on its new Blackwell processors, which are expected to generate billions amid tight production capacity. Reuters reports.

🛒 Stockmart: Walmart stock set for best year since 1999 as profits jump. Reuters reports.

📈 MicroRally: Super Micro stock jumps as it files plan with Nasdaq to stay listed. MarketWatch reports.

🚗 Teslashares: Tesla stock pops after report Trump wants to relax U.S. self-driving rules. CNBC reports.

🚦 Fordissues: US regulators open 2 investigations into Ford recalls just days after penalizing the company. Yahoo Finance reports.

🚗 AutoMate: Xiaomi CEO: SU7 deliveries surpass 100,000, aiming for 130,000 by year end. Reuters reports.

✂️ AeroShift: Boeing to lay off over 2,500 workers in US as part of sweeping cuts. Yahoo Finance 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. $PRFX: PainReform
Total gain: 189.71%

2. $NCNC: noco-noco
Total gain: 103.81%

3. $ALCE: Alternus Clean Energy
Total gain: 55.06%

4. $SOAR: Volato Group
Total gain: 46.91%

5. $SMCX: Defiance Daily Target 2X Long SMCI ETF
Total gain: 40.28%

* Analyzing the markets with Richie Naso, a Wall Street veteran of over 40 years and former member of the NYSE.

IT’S NVIDIA WEEK

The major US stock indices had a mixed performance last week, with the S&P 500 falling 0.1%, the Nasdaq 100 sliding 0.2%, and the DOW remaining mostly flat amid fluctuating economic signals. US CPI data matched October forecasts; headline was up 0.2%, while core rose 0.3%. US initial jobless claims fell to their lowest since May, decreasing by 4,000 to 217,000, driven by healthy labor demand despite recent storms and worker strikes. Treasury yields saw a modest decline, with the 10-year yield falling by three basis points to 4.42%, suggesting higher odds for a December Fed rate cut.

Geopolitical tensions in the Middle East add complexity to the global oil supply chain, resulting in fluctuations with potential impacts on energy markets as investors weigh the risks associated with the Strait of Hormuz.

The closing price of the top three market percent gainers trading near or above $3 on November 18.

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

1. $BKKT: Bakkt Hldgs
Total gain: +162.37%
The stock appeared to be moving on no notable news.

2. $ACRS: Aclaris Therapeutics
Total gain: +53.17%
The company announced that it has signed a securities purchase agreement with a group of accredited investors for the private placement of 35,555,555 shares of common stock at a price of $2.25 per share, raising gross proceeds of approximately $80 million. The private placement was led by Vivo Capital, with additional participation from both new and existing investors, including Forge Life Science Partners, Rock Springs Capital, RA Capital Management, Adage Capital Partners LP, Decheng Capital, Logos Capital, and Samsara BioCapital. Benzinga reports.

3. $SINT: SINTX Technologies
Total gain: +50.98%
The company announced that its Board of Directors has approved a stock repurchase program, authorizing the buyback of up to $500,000 worth of its outstanding common stock over the next several quarters—equivalent to approximately 20% of the total outstanding shares. The repurchases will be carried out based on market conditions and other relevant factors, underscoring SINTX’s confidence in its strategic direction and its commitment to enhancing shareholder value. Benzinga reports.

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

KEYS: Keysight Techs
4Q 2024
After Market Close
Estimate: 1.570
Actual: N/A

DLB: Dolby Laboratories
4Q 2024
After Market Close
Estimate: 0.700
Actual: N/A

AZEK: AZEK Co
4Q 2024
After Market Close
Estimate: 0.270
Actual: N/A

Time (ET) / Report / Period

8:30 am - Housing starts - October
8:30 am - Building permits - October
12:25 pm - Chicago Fed President Austan Goolsbee speaks

“Costs matter. If you’re investing, you can control your fate in this area by focusing on low-cost funds.”

― Jack BogleSourced in:
“The Little Book of Common Sense Investing: The Only Way to Guarantee Your
Fair Share of Stock Market Returns”, by Jack Bogle, published in 2007