$PLTR The news media today is just finding out about Alex Karp's progressive stance and trying to frame it as him shifting to appeal to the results of the midterms. In reality, the compilation below shows how many countless times Dr. Karp has communicated his progressive beliefs, even when it wasn't popular to do so. Building a company like Palantir requires you to thrive under any administration because national security is not blue or red. To assume that Dr. Karp is appealing to the winners of the midterms completely ignores everything he has said about his political views and that he has kept his stance consistent even with his co-founder, Peter Thiel, being on the opposite side of the political spectrum. This is not someone who is changing his beliefs to appeal to any party given he literally built a $500B company with someone who has different political beliefs from him. Part of the reason Palantir works is because people with different perspectives can build a company and work in the middle without being polarized left or right because they are focused on one thing only: providing value to their partners and making sure that no matter what political party is in power, the country comes first.

$CRWV COREWEAVE Q3 2026 EARNINGS: - Revenue $3.66B, +168% YoY - Revenue Backlog $132.5B, +138% YoY - Active Power 1.7GW+ - Total Contracted Power 4.6GW+ - FY26 Revenue Guidance $13.0B-$13.3B - FY26 Exit ARR Guidance $20B-$21B - $9B in customer prepayments and deposits in this quarter

$NVDA Why Nvidia is continuing to take a further hit today... - The Information reported that a network linked to Alice Huang allegedly facilitated at least $7.5 billion in Nvidia chip shipments to Chinese companies, involving roughly 240,000 AI chips, including models restricted from sale in China. This would basically mean Nvidia has sold to China when they weren't supposed to. - Bloomberg reported that Nvidia's inventory figures provided to U.S. authorities undercounted approximately 50,000 AI chips worth billions of dollars sold to Megaspeed through hardware partners. Nvidia later claimed the hardware was located at additional warehouses but did not provide a detailed accounting. Basically, if those 50K chips aren't accounted for...could they have gone to China? Both those headlines broke over the past 24 hours as Nvidia is now at a $4.02T marketcap, losing over $1T in value over the past month.

10yr back to 5% even with oil down ugly CPI miss but two fed presidents coming out and saying we don't need 25bps, we need 50bps in december... bond market basically saying "okay cool...raise your rates but we aren't buying bonds then because you guys are letting us know how bad you think inflation actually is" we were making progress and had the 10yr at the lowest level since September yesterday, all of that erased on new rate hike expectations obviously hurting stocks as the market tries to fight the fed here

OCTOBER CPI COMES IN HOTTER THAN EXPECTED: - Headline at 0.4% MoM vs 0.3% expected - Core at 0.3% MoM vs 0.2% expected We don’t get YoY because of the government shutdown last year. Shelter was up and accounted for 30% of the increase. December rate hike odds now 98.8%.

OCTOBER CPI COMES IN HOTTER THAN EXPECTED: - Headline at 0.4% MoM vs 0.3% expected - Core at 0.3% MoM vs 0.2% expected We don’t get YoY because of the government shutdown last year. Shelter was up and accounted for 30% of the increase. October rate hike odds now 98.8%.

Al ARABIYA SOURCES: - Washington has reportedly agreed to permit Iran to enrich uranium up to 3.67%, with Tehran accepting the proposed terms - Talks are also being coordinated to facilitate the return of IAEA inspectors, with a preliminary deal to scale back Iran’s uranium enrichment activities seen as increasingly likely pump it up

oil down, stocks up everything RIPPING except Nvidia shows you how much of a drag oil has been on stocks, obviously certain names are still in huge drawdowns but we haven’t seen WTI sustain $87 for months imagine if it actually goes down to $75 not horrible for equities also interesting to note that the market has moved forward today WITHOUT Nvidia, implying that…maybe the market doesn’t need to be this dependent on one company which actually does feel more bullish on the overall health of equities $NVDA $SPY $QQQ

Let me say out loud what I think everyone is feeling right now… Jensen was the poster child for a CEO who didn’t get caught up in these types of controversies. He is the last person you would think could get caught up in something like this. When it comes to the AI revolution, he is at the center of it. Without NVIDIA, there is no AI revolution. In many respects, he has been emblematic of American capitalism over the past few years. A dishwasher at Denny’s had an idea and turned it into a $5T company. Everyone simply thought Jensen was above these types of things. I don’t even want this to be about a rich powerful man cheating on his wife…we have heard this story over and over again. That isn’t to normalize it as being okay, but it’s not really shocking. However, the broader issue here is what infidelity implies about someone’s character. You can make many excuses to justify it, but we all know that infidelity is not a good thing. There is a lack of morality involved when it comes to cheating. When you are the CEO of a $5T company, the question now emerges: if you can lie to your wife, can you also lie about other things…like China’s access to your technology? I don’t really know what to think. My gut tells me that Jensen has acted ethically in most fronts when it comes to business, but I also know that to build a $5T company, the lines around ethics can blur easily. A framework for being able to make sense of and justify your actions is very, very important and we all simply don’t know if this affair will result in anything bad in regards to America’s national security with China. I don’t think this is good for the stock market or the AI trade. There will now be investigations and concerns around Nvidia and Nvidia is in control of how all the semis do. I also think this story may have leaked last week and that’s part of why we saw such a massive de-risking by institutions. I do think there is a world where the market moves beyond this, especially if the investigation doesn’t show any meaningful compromised intelligence. I also think the public will be willing to forgive Jensen, at the end of the day he is a human and infidelity has obviously been part of many marriages, much less such a high profile one. This is just a really weird moment and not something I ever expected from Jensen. It will now be up to the market to decide how important and meaningful this is when it comes to where the AI trade goes.

$NVDA Jensen has admitted to the affair in a memo sent to Nvidia employees today. The company is now beginning an internal investigation. Jensen: “I love our country and our company, and I am committed to protecting Nvidia and supporting America’s national security. Leading NVIDIA is the privilege of my life. My responsibility is to serve you and be worthy of your trust. I have fallen short of that responsibility. I am fully committed to NVIDIA and will work to earn back your confidence.” “Regarding the national security concerns raised in news reports, NVIDIA’s Board of Directors has initiated an independent investigation. I support the investigation and will cooperate fully. I love our country and our company, and I am committed to protecting NVIDIA and supporting America’s national security.”

OCTOBER NON FARM PAYROLLS: - 165K jobs vs 70K expected - 4.1% unemployment rate vs 4.2% expected Great report, but might make the case for the Fed to hike if they think the labor market being this good is only going to keep inflation sticky.