Nvidia set for $320 billion price swing after earnings, options indicate

📊 Dow, S&P 500, Nasdaq futures make up lost ground after lows

US stock futures trimmed losses on Tuesday as the Bitcoin slump that set markets on edge started to ease, with a pivotal Nvidia earnings report and shutdown-delayed jobs data on the horizon.

S&P 500 futures were 0.2% lower, recovering ground after dropping 0.8% in the very early hours.

Contracts on the Dow Jones Industrial Average futures and the tech-heavy Nasdaq 100 also came off premarket lows, down about 0.4% and 0.2%, respectively, on the heels of sharp closing losses for Wall Street stocks. Yahoo Finance reports.


🍏 Apple takes 25% share of China smartphone market in October on iPhone 17 demand

iPhone accounted for one in every four smartphones sold in China in October, with sales jumping 37% from a year earlier on strong demand for the iPhone 17 series, data from research firm Counterpoint showed on Tuesday.

Apple last achieved this market share milestone in 2022 when competition in the premium segment was weaker.

China’s overall smartphone sell-through grew 8% year-over-year in October, driven by Apple and domestic manufacturers, data showed. All three iPhone 17 variants posted mid-to-high double-digit percentage growth, led by the base variant, Counterpoint said. Reuters reports.


🗄️ BOFA report: 74% of small and mid-sized business owners expect revenue to increase in the next year

Small and mid-sized business owners are cautiously optimistic about the coming year, with 74% expecting revenue increases and nearly 60% planning to expand their businesses, according to the 2025 Bank of America Business Owner Report, conducted in partnership with the Bank of America Institute.

This corresponds with Bank of America Institute data which found small business profitability growth has remained resilient throughout 2025.

Approximately half of business owners surveyed believe that local (53%), national (48%) and global (45%) economies will improve over the next year.

Many noted their confidence would improve with: stabilization of tariff policy (53%), cooling inflation (52%), lower interest rates (52%) and stronger supply chains (39%).

"Business owners are approaching the coming year with confidence and a clear focus on growth," said Sharon Miller, President of Business Banking at Bank of America, the nation's number one small business lender, according to the FDIC. MorningStar reports.


🦍 Gorilla Technology stock soars on strong 2026 outlook, pipeline grows to $7 billion on AI infrastructure demand

Gorilla Technology Group Inc reported financial results for the third quarter after the market close on Monday. Here’s what you need to know from the report.

The company ended the quarter with $110.2 million in unrestricted cash and $15.1 million in total debt. Benzinga reports.


🗳️ Google earns the Berkshire Hathaway vote of confidence

Google is ascendant. After posting standout earnings, outmaneuvering the rest of its Big Tech peers, the search giant managed to escape the latest AI pullback unscathed.
In fact, its stock has never been more coveted.

As if to punctuate the company's run of good fortune, Monday came with another sign of approval: Investors poured into the stock, pushing shares to new highs, following the disclosure of Berkshire Hathaway's new $4.9 billion stake. Yahoo Finance reports.

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


BIDU: Baidu
Q3 2025
Before Market Open
Estimate: 0.910
Actual: 1.560

WB: Weibo
Q3 2025
Before Market Open
Estimate: 0.420
Actual: 0.420

IQ: iQIYI
Q3 2025
Before Market Open
Estimate: -0.030
Actual: -0.020

Time (ET)/ Report/ Period

8:30 AM - *Import price index - Oct.
8:30 AM - *Import price index minus fuel - Oct.
9:15 AM - *Industrial production - Oct.

“Survival as an investor over that famous long course depends from the very first on recognition that we do not know what is going to happen.”

– Peter Bernstein

Sourced in: Quotes on Risk Management – Novel Investor.

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