GOOD MORNING

(Thursday)

Here’s everything you need to know today: There are currently 14,157 publicly traded companies in the United States and over 1000+ articles released about S&P500 companies alone every single day. Today we will be showing you the top 3 events that you need to know today:

Market Performance (1 month)

1. Dow - 5.57%

2. S&P 500 - 3.04%

3. Nasdaq - 1.73%

4. Bitcoin - 43.36%

Today (Here’s 3 things you need to know)  

1. Inflation Worries

Inflation took a breather in October, but the Fed's fight isn’t over just yet.

The core PCE index—the Fed’s go-to inflation thermometer—rose 0.3% month-over-month, sticking to the script from September and meeting Wall Street’s expectations. Over the year, core prices edged up to 2.8%, just a smidge above September’s 2.7%. It’s not exactly a victory lap, but it’s not a fire alarm either.

Now, the guessing game begins. Traders have bumped up the odds to 34% that the Fed keeps rates on pause at the next meeting, compared to 24% last month.

But with inflation showing it still has a little heat left, will the Fed sit tight or turn the dial up again? For now, the central bank seems caught between a rock and a soft landing.

2. Cramers Take On Nvidia Sliding

NVIDIA Corporation (NASDAQ: NVDA), the AI titan of the "Magnificent Seven," is taking a hit, down 3.18% as of now. But according to Jim Cramer, the market's jitters might be overblown.

Here’s the tea: Some investors are fretting that Nvidia’s growth has peaked—citing a slowing pace, rising competition, and concerns over diminishing returns. But Cramer says, “Relax.” Nvidia’s latest numbers were stellar, and the company isn’t sweating the competition.

Even Amazon, which makes custom chips for its own needs, remains a “happy” Nvidia customer, a testament to Nvidia’s dominance in high-performance GPUs and AI chips. While Nvidia faces capacity constraints, this “problem” actually reinforces its premium market position. Cramer sums it up: Nvidia has the best tech and enough swagger to “welcome competition.”

The dip may feel like turbulence, but Nvidia’s long-term trajectory? Still looking sky-high. 🚀

3. Dell AI Revenue Dropping

Dell Technologies (DELL) took a 12% nosedive early Wednesday after striking a cautious tone on its AI growth prospects and dialing back its full-year outlook.

While Dell COO Jeffrey Clarke reassured investors that AI demand is at an "all-time high," he warned that growth in the space “will not be linear” due to shifting silicon roadmaps. The evidence? AI server revenues dropped 9% in the third quarter compared to the prior period. Combine that with a sluggish PC market, and you’ve got a recipe for a tempered forecast.

The company trimmed its fiscal 2025 revenue guidance midpoint to $96.1 billion, down from $97 billion last quarter, as noted by Bernstein analyst Toni Sacconaghi. But Dell isn’t closing the book on optimism, promising a fiscal 2026 outlook early next year.

Despite today’s stumble, Dell’s 65% year-to-date climb proves it’s had one heck of a ride in 2023. Investors now have to decide: Is this just a pit stop or a detour in Dell’s AI journey?

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