1️⃣ The Same AI Trade, Different Market Responses At the US close on November 12, $NVIDIA(NVDA)$ fell about 4.3%, while $Advanced Micro Devices(AMD)$ rose about 5.9% and $Broadcom(AVGO)$ gained about 5.5%. The semiconductor index slipped only about 0.5%, and the Nasdaq fell 0.39%. These are all regular-session closing moves from the same day.[2] A new variable has entered the market: $NVIDIA(NVDA)$ officially announced that Jensen Huang had resigned as president, CEO and a director, effective immediately. CFO Colette Kress is serving as interim CEO while the

1️⃣ The Market's Question: The Rebound Is Here. Where Will Expansion Funding Come From? At the November 11 regular-session close, CRWV rose 24.7%, NBIS gained 15.4%, and the Nasdaq advanced 1.60%. CRWV's latest earnings gave investors fresh evidence that AI compute demand is translating into business: third-quarter revenue grew 168% year over year, and management raised its full-year revenue and adjusted operating income guidance. [1][2] But a stock rebound does not answer the central question raised by the earlier credit concerns: If financing conditions tighten further, can AI cloud companies pay their interest, complete their buildouts, fulfill customer contracts, and still leave enough profit for shareholders? These results need to pass three tests: whether demand has become revenue, w

1️⃣ Hot CPI Meets the Rebound: Another Leg Down, or More Time to Build a Base? Just as stocks began recovering from last week's sharp sell-off, inflation gave investors another question to answer. According to Reuters, US headline CPI rose 0.4% month-on-month in October, above the 0.3% consensus forecast. On November 10, the Nasdaq Composite closed 0.74% lower, while the S&P 500 fell 0.38%. [1] Two comparisons matter here: October's increase was below September's 0.6%, but above expectations for October. Inflation slowed, but not as much as investors had hoped. [1] For equities, the question is whether that gap means faster rate hikes or higher interest rates, making the recovery in valuations take longer. That brings us to today's central question: If the bottoming process takes longe

1️⃣ After the AI Selloff, Which Segment Do You Favor? Since October, AI-linked stocks with exposure to GPU compute, memory, optical interconnects and foundation models have suffered a sharp selloff. As some technology stocks rebound, investors considering a return to AI face a key choice: Will the next wave of AI investment returns remain concentrated in infrastructure companies supplying compute, or increasingly flow to application businesses turning AI into revenue and profits? In its November 9 weekly commentary, BlackRock placed this question at the center of discussions at its 2027 Outlook Forum. The early AI trade largely priced in the conviction that infrastructure had to be built. The research focus is now shifting to whether the size and speed of the buildout match actual adoption

1️⃣ The Market's Question: Can AI Stocks Keep Rebounding as Financing Gets Harder? In its November 6 market report, Reuters noted that CRWV's five-year credit default swap spread had risen above 1,000 basis points, a record high. At the same time, the $NASDAQ 100(NDX)$ was rebounding nearly 2% during Friday's session. The policy shift toward Democratic proposals to pause data-center construction was an immediate catalyst for the recent sharp selloff in the Nasdaq 100. The deeper issue being repriced, however, is the weakening assumption that AI capital spending can expand regardless of cost. A CDS spread measures the price investors pay for credit protection. It signals perceived credit risk, rather than an actual default, and canno

Hey Tigers 🐯! Wednesday brought a post-election relief rally. Thursday brought the Nasdaq Composite’s biggest one-day fall in 19 months. Goldman Sachs’ trading desk saw panicked selling and tentative buying interest. A fund manager at Argent Capital Management called the moves outsized. Yet the market’s concern has shifted toward how quickly AI investment can generate revenue and cash. [1][2] That leaves a harder question than “Is AI still growing?”: How much of this sell-off reflects temporary selling pressure, and how much reflects a weaker path to earnings? 1️⃣ A Sell-Off Big Enough to Reset the Debate At the November 5 U.S. close, the Nasdaq Composite fell 5.52% to 24,315.00, the S&P 500 lost 4.36% to 7,353.73, and the Dow dropped 3.44%. The Nasdaq finished more than 10% below its

Hey Tigers 🐯! A strong earnings report can still leave investors debating what comes next. That is the setup for $Circle Internet Corp.(CRCL)$ after its third-quarter results. In his November 4, 2026 report, US Tiger Securities analyst Team maintained a BUY rating and $115 price target. His case depends heavily on a further advance in Bitcoin supporting demand for USDC, while Circle develops payments and blockchain infrastructure businesses. But the near-term picture is more demanding: USDC circulation has retreated, distribution economics are tightening, and the analyst has cut fourth-quarter and 2027 earnings estimates. The question for investors: how much of the earnings strength can Circle repeat? 📊 1. The Beat Was Substantial—

Hey Tigers 🐯! The next constraint on AI growth may be how quickly a data center can secure reliable power. In a November 3 discussion, Morgan Stanley analysts David Arcaro and Andrew Percoco outlined a projected power shortfall of more than 80GW by 2029 and a growing role for on-site generation and battery storage.[1] That longer-term outlook sits alongside a difficult market reaction. Reuters reported that the S&P 500 gained 1.6% on November 4 while its energy sector fell 4.8%, as investors reassessed the post-election policy outlook.[4] The investment question is which companies can turn demand for electricity into delivered systems, revenue and durable profits. 1️⃣ What Is Actually Holding AI Power Back? Arcaro's 80GW-plus estimate comes from a discussion of U.S. utilities and data-

Hey Tigers 🐯! Can $Coinbase Global, Inc.(COIN)$ recover before trading activity does? US Tiger Securities’ Bo Pei maintains BUY and a $250 target in his October 20, 2026 report. 📊 A Recovery With a Lag Bitcoin has rebounded since July, yet third-quarter industry spot volume fell 6.5% sequentially to $2.44tn. Coinbase’s tracked spot volume declined 2% to $140.9bn. 📌 Key Insight: The analyst sees this divergence as consistent with an early recovery. Source: US Tiger Securities Research; original report chart. 💰 What the Earnings Preview Shows 3Q26 forecast US Tiger estimate Revenue $1.19bn Adjusted EBITDA $247mn Adjusted EBITDA margin 20.80% The EBITDA forecast falls 13% from $285mn, mainly reflecting higher marketing spending. Sourc

U.S. equities are attracting fresh capital, even as technology funds face billions in outflows. Is Wall Street positioning for another rally — or becoming more selective? Hey Tigers! 🐯 The Q3 2026 earnings season is officially underway, and Wall Street is entering one of the most important reporting periods of the year with high expectations. Corporate earnings are projected to grow nearly 30%, major banks have begun releasing their results, and investors are closely watching whether the AI boom can continue supporting profitability. But the latest market fund-flow data reveals an interesting contradiction. U.S. equity funds attracted $13 billion in fresh capital last week, while technology-sector funds recorded more than $5 billion in outflows. So, what are major financial institutions ex