Coinbase Predict

Financial news and insights from @Coinbase. Trade real world events, from sports and politics to crypto and culture.

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Coinbase Financial Markets is a registered futures commission merchant with the CFTC and is a member of the NFA. Not investment advice or recommendation to trade a particular contract or to employ a particular strategy. Prediction contracts are high-risk; you could lose your entire investment. Payouts depend on specific events.

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NEW: Elon Musk says he’s signing a petition calling for Jensen Huang to return as Nvidia CEO.

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NEW IN: Elon Musk will reportedly join Trump on his China trip but won’t attend meeting with Xi Jinping and Vladimir Putin.

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Today was a big day for financial markets.

Here are the 8 headlines you need to know ↓

1. U.S. PPI rises to 6.5% in October, lower than expectations.

2. Tesla and SpaceX could announce a record $3.4 trillion merger as soon as December.

3. Nvidia employees reportedly petition the board to bring back Jensen Huang as CEO.

4. Apple hits a new all time high of $360.

5. OpenAI launches ChatGPT Wallet, allowing AI agents to make purchases for users.

6. Senior democrats say banning Congress from trading stocks is a “top priority” after winning the U.S House and Senate.

7. The FAA issues a nationwide “ground stop” for all U.S. airports following a communication issue impacting all Air Traffic Control Centers.

8. Elon Musk says he is signing a petition to reinstate Jensen Huang as Nvidia CEO.

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@CoinbaseBiz @Porkbun 👀👀

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@sundarpichai @Google Google CEO right now:

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NEW IN: The FAA has issued a nationwide "ground stop" for all U.S. airports following a communication issue currently impacting all Air Traffic Control Centers.

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Be Jensen Huang:

• Starts Nvidia in 1993. By 1996, the company is nearly bankrupt. He lays off half the staff and tells the team they are “30 days from going out of business.”

• In 1997, Nvidia wins a Sega contract, but Jensen realizes the chip won’t work. Sega invests $5M anyway, giving Nvidia six more months to survive and pivot.

• The pivot works. Nvidia goes public in 1999 and launches the GeForce 256, calling it the world’s first “GPU.” It goes on to dominate PC gaming.

• Jensen notices PhD students using Nvidia gaming cards for complex math. He realizes the GPU is much bigger than gaming and starts investing heavily in that future.

• Throughout the 2000s, Nvidia pours profits into developing CUDA, a software platform that makes GPUs programmable for AI, scientific computing, and many of the heaviest workloads that CPUs can’t handle.

• In 2016, Jensen hand-delivers Nvidia’s first AI supercomputer, the DGX-1, to Elon Musk for OpenAI to train a 'generative model'.

• In 2022, Nvidia stock crashes 66%. The PC market slows, Ethereum kills GPU mining, resale prices collapse, and revenue guidance falls.

• While the industry slows down, Jensen aggressively secures TSMC's limited CoWoS packaging capacity (the bottleneck for AI chips) betting the farm that the "big AI moment" is imminent.

• In Nov 2022, OpenAI launched ChatGPT. Suddenly, every major tech company wants thousands of Nvidia H100s at $30K each.

• From 2023 to 2025, big tech pours hundreds of billions into AI infrastructure. Nvidia becomes the choke point. CUDA keeps developers locked in.

• Nvidia becomes the most valuable company in the world, valued at $4.3 trillion, and Jensen owns approximately 3.5% worth $150+ billion.

• Then everything starts to unravel.

• On November 8, 2026, Nvidia’s board opens an investigation into Jensen’s relationship with a “Chinese spy” after he admits to an affair.

• On November 11, the NYT reports he also had an affair with Nvidia’s V.P of Healthcare, who reported directly to him.

• Today, Jensen Huang resigns as Nvidia CEO, president, and board member, effective immediately.

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NEW IN: Anthropic reportedly bars China and Hong Kong investors from its IPO.

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NEW IN: Coinbase CEO says the traction for tokenized stocks is "impossible to ignore".

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NEW IN: Democrats say banning Congress from trading stocks is a "top priority" after winning the U.S House and Senate.

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@coinbase Seems notable.

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A combined SpaceX and Tesla would hold 30,221 BTC worth over $2.2 billion, making it the 6th largest publicly traded holder of Bitcoin.

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Learn more ↓

https://t.co/KD7QV3gdPg

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NEW IN: There's now an 86% chance Tesla and SpaceX merge by the end of next year.

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NEW IN: SpaceX's AI group has laid off the 60 person team responsible for 'Grok imagine'.

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U.S. stocks have lost over $597 billion in market cap today.

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NEW IN: OpenAI launches ChatGPT Wallet, allowing AI agents to make purchases for users.

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NEW IN: Apple hits a new all time high of $360.

$AAPL is now up +32.35% year to date.

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Happy Friday.