📈 AMD's AI Jackpot

Good Morning…

With $9.2 billion in quarterly sales—a 36% year-over-year surge that blew past estimates—and partnerships with OpenAI and Oracle that could reshape the AI chip landscape, AMD has transformed from plucky underdog to legitimate contender in the most lucrative computing race of our generation.

🔎 Market Trends → Wall St ends lower as bank CEOs warn of possible pullback, fueling tech bubble jitters

🖥️ Market Movers from Fintech.tv → [WATCH] Navigating Market Uncertainty: Insights from Goldman Sachs and Morgan Stanley CEOs

And now…

⏱️ Your daily briefing for Wednesday, November 5, 2025:

MARKET BRIEF
Before the Open

Pre-Market

Fear & Greed

Markets in Review

AI Frenzy Takes a Breather — But the Bull Case Isn’t Broken

The S&P 500 slipped 1.17% to 6,771.55, while the Nasdaq tumbled 2.04% to 23,348.64, as richly-priced AI names cooled. The Dow dipped 0.53% to 47,085.24.

The Big Picture:

Sometimes markets need a timeout — even bull markets.
Tuesday’s pullback came as investors confronted a simple truth: AI can’t defy gravity forever.

Palantir (PLTR) fell nearly 8%, not because business is bad — management raised guidance — but because the stock trades at 200x forward earnings. When expectations float that high, even great news can disappoint.

The broader AI complex — Oracle (ORCL), AMD (AMD), Nvidia (NVDA), Amazon (AMZN) — saw sympathetic selling. After a blistering rise, investors are finally asking: How fast can profits catch up to the hype?

Even so, the underlying fundamentals remain intact. AI demand keeps ramping, capital expenditures keep flowing, and profits — especially at leaders like Nvidia — continue climbing. That’s not froth; that’s revenue.

Meanwhile, some money rotated into defensive havens. Berkshire Hathaway (BRK.A) rallied more than 2%, reminding markets that dividends, railroads, and insurance remain ballast when high-flyers wobble.

Commodities stayed calm, with oil drifting as traders gauge global growth and geopolitics. No panic. Just breath.

Market Movers:

• Winners: Berkshire (BRK.A): Strong underwriting income and balance-sheet strength drew safety-seekers. Insurance profits soared >200%, showcasing boring can be beautiful.

• Losers: Palantir (PLTR), AMD (AMD), Oracle (ORCL): High valuations triggered selling as investors questioned whether AI-capex-driven demand can sustain current multiples.

• Outlier: Papa John’s (PZZA): Dropped double digits after reports Apollo withdrew its take-private bid — a reminder that consumer softness still bites.

What They’re Saying:

“I still recommend Nvidia and Palantir… I have no plans of selling them anytime soon.”
— Louis Navellier, Navellier & Associates

WHAT WE’RE WATCHING
Events

These events are scheduled but may be effected by the government shutdown

• Today: Automatic Data Processing, Inc.- ADP Non-Farm Employment Change - 09:15pm

  Why You Should Care: Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;

• Today: Institute for Supply Management- ISM Services PMI - 11:00pm

  Why You Should Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy;

Earnings Reports

• Today: Toyota, Novo Nordisk, AppLovin, McDonald’s, Qualcomm, Arm, Robinhood, DoorDash, McKesson, CRH, Emerson

• Tomorrow: AstraZeneca, ConocoPhillips, Parker Hannifin, Airbnb, Petrobras, TransDigm, Canadian Natural Resources, Monster Beverage

MARKET INSIGHTS
Leading News 

AMD's AI Jackpot: Record $9.2B Quarter Crushes Estimates

Why it matters:

AMD just posted record quarterly revenue of $9.2 billion—up 36% year-over-year—beating Street estimates by a comfortable $500 million margin. This isn't just a beat; it's proof the AI infrastructure gold rush has room for more than one winner.

Zoom Out:

The chipmaker delivered non-GAAP EPS of $1.20 versus expectations of $1.17, while data center revenue hit $4.3 billion against analyst targets of $4.1 billion. CEO Lisa Su calls it "a clear step up in our growth trajectory"—and the numbers back her up.

The game-changer: AMD's blockbuster deal with OpenAI for 6 gigawatts of Instinct GPUs, plus Oracle's commitment to deploy 50,000 MI450 chips starting in 2026. These partnerships signal AMD is finally breaking Nvidia's stranglehold on AI infrastructure.

Yes, the stock dipped 3-5% after hours—classic "sell the news" behavior. But Su forecasts Q4 revenue of $9.3B-$9.9B, implying the momentum continues. Smart money watches execution, not after-hours jitters.

Key Insights:

• Data center dominance: AMD's server CPU market share reached 39.4% in Q1 2025, with EPYC processors and Instinct accelerators driving the data center segment's 22% growth. That's real share gains in the industry's highest-margin business.

• AI revenue trajectory: Su indicated AMD's AI business is on track to generate "tens of billions" in annual revenue by 2027, with the OpenAI partnership alone potentially delivering "well over $100 million" over multiple years. Conservative estimate? Probably—but even that's transformative.

• The China headwind: Q3 results excluded any revenue from MI308 GPU shipments to China due to export restrictions. That's an estimated $1.5 billion revenue headwind for 2025. Yet AMD still crushed numbers—imagine the upside when these restrictions ease.

Market Pulse:

"AMD's rack-scale solution shipping next year is the key... it's still early to make market share assessments," noted one analyst. Translation: The AI wars are just beginning, and AMD finally has the arsenal to compete.

Bull’s Take:

Record free cash flow, expanding gross margins (52% GAAP, 54% non-GAAP), and landmark partnerships position AMD as the intelligent diversification play for AI portfolios. The stock may wobble, but the business is accelerating.

Market Stories of Note

Super Micro's Quarter from Hell—With a Silver Lining Worth $11 Billion:

Super Micro missed Q1 badly with $5 billion in revenue (down 15% year-over-year) and 35-cent EPS versus 40 cents expected, but then guided Q2 to a jaw-dropping $10-11 billion against Street estimates of $7.8 billion. The message: AI server demand isn't disappearing—it's just arriving fashionably late, with $12 billion in design wins pushed to future quarters rather than vaporized.

Pinterest's 600 Million Users Can't Save a Tariff-Spooked Quarter:

Pinterest hit 600 million monthly users (up 12% year-over-year) and met revenue targets at $1.05 billion, but missed on EPS and blamed tariff-pressured retailers for weak Q4 guidance—sending shares down 20%. The real story: at just $1.78 average revenue per user, there's either a massive monetization opportunity hiding in plain sight, or a fundamental flaw in the advertising thesis that 600 million eyeballs can't fix.

CRYPTO
Fear & Greed 

Headlines

• Bitcoin falls under $101K: Analysts say BTC is ‘underpriced’ based on fundamentals (link)

• Chainlink Introduces CRE to Fast-Track Institutional Tokenization (link)

• Stablecoin-enabled payments infrastructure platform Zynk raises $5 million from Coinbase Ventures and others (link)