Market Brief
Rumble to Acquire Northern Data in ~$767 Million Deal Backed by Tether
Rumble acquires Northern Data for $767 million with Tether’s backing, gaining access to over 40,000 Nvidia GPUs and 180 MW of AI capacity.
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Rumble acquires Northern Data for $767 million with Tether’s backing, gaining access to over 40,000 Nvidia GPUs and 180 MW of AI capacity.
SoftBank sells its entire stake in Nvidia for $5.8 billion as it reallocates capital toward new AI and semiconductor ambitions.
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Nvidia slumps by $450 billion in market-cap loss across three days amid a U.S. tech sell-off.
The Shiller P/E ratio shows U.S. stocks trading at their second-highest valuation in history, behind only the dot-com bubble.
November ranks among the best months for U.S. stocks, with the S&P 500 rising in 59% of years since 1927.
Berkshire Hathaway’s cash reserves hit a record $382 billion, signaling Buffett’s cautious stance amid limited buying opportunities
Meta shares fell nearly 10% after a $15.9B expense hit Q3 profit, overshadowing strong revenue and guidance for the next quarter.
Netflix shares dropped 7% after missing Q3 earnings due to a Brazil tax charge, though ad sales hit record highs and revenue growth remains strong.
Apple stock hit a record after iPhone 17 sales surged 14% in the U.S. and China, prompting analyst upgrades and renewed investor optimism.