Prof G Markets

Prof G Markets is your daily briefing on the news moving markets — from earnings and geopolitics, to Big Tech and AI.

Hosted by @profgalloway and @edels0n

[Prof G Markets @ProfGMarkets]

Nvidia Has Lost $1.5 Trillion — Is The Worst Still To Come?

Ed Elson (@edels0n) is joined by Gil Luria to take a look at Nvidia’s stock amid the Jensen Huang scandal and CoreWeave’s latest earnings.

Then Justin Wolfers returns to break down the latest inflation data and why it signals more rate hikes are on the way.

He also discusses whether the midterm results have changed his outlook on the economy.

Finally, Ed shares his take on Anthropic’s new valuation.

🔗's 1/2:
Youtube: https://t.co/f1ntvUBC8V
–

[Prof G Markets @ProfGMarkets]

Justin Wolfers (@JustinWolfers) on why Kevin Hassett's optimism won't change the inflation picture.

"Inflation doesn't care about what Kevin Hassett says. The reality is inflation is uncomfortably high, it has momentum, Hassett doesn't know anything that you and I don't know."

This is from today's episode: 'Nvidia Has Lost $1.5 Trillion — Is The Worst Still To Come?'.

https://t.co/bd8GgikHs5

[Prof G Markets @ProfGMarkets]

Nvidia Has Lost $1.5 Trillion — Is The Worst Still To Come?

Ed Elson (@edels0n) is joined by Gil Luria to take a look at Nvidia’s stock amid the Jensen Huang scandal and CoreWeave’s latest earnings.

Then Justin Wolfers returns to break down the latest inflation data and why it signals more rate hikes are on the way.

He also discusses whether the midterm results have changed his outlook on the economy.

Finally, Ed shares his take on Anthropic’s new valuation.

🔗's 1/2:
Youtube: https://t.co/f1ntvUBC8V
–

[Prof G Markets @ProfGMarkets]

Gil Luria (@gilluria) on what the Jensen Huang scandal has really cost Nvidia.

"Just this story has cost Nvidia a trillion dollars, just the story because all the other chip stocks were up 10%… That's a very costly mistake."

This is from today's episode: 'Nvidia Has Lost $1.5 Trillion — Is The Worst Still To Come?'.

https://t.co/bd8GgikHs5

[Prof G Markets @ProfGMarkets]

Nvidia Has Lost $1.5 Trillion — Is The Worst Still To Come?

Ed Elson (@edels0n) is joined by Gil Luria to take a look at Nvidia’s stock amid the Jensen Huang scandal and CoreWeave’s latest earnings.

Then Justin Wolfers returns to break down the latest inflation data and why it signals more rate hikes are on the way.

He also discusses whether the midterm results have changed his outlook on the economy.

Finally, Ed shares his take on Anthropic’s new valuation.

🔗's 1/2:
Youtube: https://t.co/f1ntvUBC8V
–

[Prof G Markets @ProfGMarkets]

Ed Elson (@edels0n) on why Anthropic's IPO price is evidence the era of AI euphoria is coming to an end.

"Anthropic had two options going into this IPO. They would either have to delay going public or they would have to lower the price. Why? Because the AI exuberance that they've gotten accustomed to in the private markets no longer exists in the public markets."

This is from today's episode: 'Nvidia Has Lost $1.5 Trillion — Is The Worst Still To Come?'.

https://t.co/bd8GgikHs5

[Prof G Markets @ProfGMarkets]

Nvidia Has Lost $1.5 Trillion — Is The Worst Still To Come?

Ed Elson (@edels0n) is joined by Gil Luria to take a look at Nvidia’s stock amid the Jensen Huang scandal and CoreWeave’s latest earnings.

Then Justin Wolfers returns to break down the latest inflation data and why it signals more rate hikes are on the way.

He also discusses whether the midterm results have changed his outlook on the economy.

Finally, Ed shares his take on Anthropic’s new valuation.

🔗's 1/2:
Youtube: https://t.co/f1ntvUBC8V
–

[Prof G Markets @ProfGMarkets]

This is what I’m here for

[Prof G Markets @ProfGMarkets]

The Trump administration when asked about the affordability crisis:

[Kalshi Finance @Kalshi_Finance]

JUST IN: Average US new car price hits a record $51,109 in October

[Prof G Markets @ProfGMarkets]

Bond vigilantes to Warsh:

[Bloomberg TV @BloombergTV]

October consumer prices rose 0.4% month over month, above the 0.3% estimate, while core CPI increased 0.3%, exceeding the 0.2% forecast, and matching the level Chris Waller had said could prompt a stronger policy response.

Michael McKee reports https://t.co/QtIM6gzjmR

[Prof G Markets @ProfGMarkets]

Justin Wolfers (@JustinWolfers) is a Professor of Public Policy and Economics at the University of Michigan and the founder of Platypus Economics. Gil Luria is the Head of Technology Research at D.A. Davidson.

🔗's 2/2:
Apple: https://t.co/EMZsEObCJJ
Spotify: https://t.co/iffrZpUClu
–

[Prof G Markets @ProfGMarkets]

Nvidia Has Lost $1.5 Trillion — Is The Worst Still To Come?

Ed Elson (@edels0n) is joined by Gil Luria to take a look at Nvidia’s stock amid the Jensen Huang scandal and CoreWeave’s latest earnings.

Then Justin Wolfers returns to break down the latest inflation data and why it signals more rate hikes are on the way.

He also discusses whether the midterm results have changed his outlook on the economy.

Finally, Ed shares his take on Anthropic’s new valuation.

🔗's 1/2:
Youtube: https://t.co/f1ntvUBC8V
–

[Prof G Markets @ProfGMarkets]

Ashley Gold (@ashleyrgold) on how Jensen Huang's push to sell chips to China looks now.

"Is that your true held belief about the way American versus China competition works? Or is something else at play?"

This is from today's episode: 'Scandal At Nvidia: Is This The End For Jensen Huang?'.

https://t.co/5sdM1kYXzj

[Prof G Markets @ProfGMarkets]

Scandal At Nvidia: Is This The End For Jensen Huang?

Ed Elson (@edels0n) is joined by Ashley Gold to discuss how Washington may handle the news that Jensen Huang had an affair with an alleged Chinese spy.

Then, Robert Armstrong returns to break down the massive volatility in the markets since the election, and also give his take on the scandal at Nvidia.

Finally, Ed shares his take on the growing backlash against data centers.

🔗's 1/2:
Youtube: https://t.co/f1ntvUBC8V
–

[Prof G Markets @ProfGMarkets]

Robert Armstrong (@rbrtrmstrng) on why Jensen Huang's affair crossed the most sensitive line in tech.

"This is a politically sensitive business. It straddles an incredibly important geopolitical line, which is the line between the United States and China… Clearly, the CEOs of most companies would have been fired instantly."

This is from today's episode: 'Scandal At Nvidia: Is This The End For Jensen Huang?'.

https://t.co/5sdM1kYXzj

[Prof G Markets @ProfGMarkets]

Scandal At Nvidia: Is This The End For Jensen Huang?

Ed Elson (@edels0n) is joined by Ashley Gold to discuss how Washington may handle the news that Jensen Huang had an affair with an alleged Chinese spy.

Then, Robert Armstrong returns to break down the massive volatility in the markets since the election, and also give his take on the scandal at Nvidia.

Finally, Ed shares his take on the growing backlash against data centers.

🔗's 1/2:
Youtube: https://t.co/f1ntvUBC8V
–

[Prof G Markets @ProfGMarkets]

Robert Armstrong (@rbrtrmstrng) and Ed Elson (@edels0n) on Jensen Huang's affair with an alleged Chinese spy, and what it says about Nvidia's governance.

"Does Nvidia have a successor? What was their hit by a bus plan with this guy?… And if the answer is we were gonna wing it, that's a terrible indictment of the governance structure of that company."

This is from today's episode: 'Scandal At Nvidia: Is This The End For Jensen Huang?'.

https://t.co/5sdM1kYXzj

[Prof G Markets @ProfGMarkets]

Scandal At Nvidia: Is This The End For Jensen Huang?

Ed Elson (@edels0n) is joined by Ashley Gold to discuss how Washington may handle the news that Jensen Huang had an affair with an alleged Chinese spy.

Then, Robert Armstrong returns to break down the massive volatility in the markets since the election, and also give his take on the scandal at Nvidia.

Finally, Ed shares his take on the growing backlash against data centers.

🔗's 1/2:
Youtube: https://t.co/f1ntvUBC8V
–

[Prof G Markets @ProfGMarkets]

Ed Elson (@edels0n) on why the backlash against data centers is a turning point for Big Tech.

"The truth about data centers is that this is the first time in American history that regular people have held leverage over Silicon Valley… And last week, the American people's answer was plain and simple. The answer was no."

This is from today's episode: 'Scandal At Nvidia: Is This The End For Jensen Huang?'.

https://t.co/5sdM1kYXzj

[Prof G Markets @ProfGMarkets]

Scandal At Nvidia: Is This The End For Jensen Huang?

Ed Elson (@edels0n) is joined by Ashley Gold to discuss how Washington may handle the news that Jensen Huang had an affair with an alleged Chinese spy.

Then, Robert Armstrong returns to break down the massive volatility in the markets since the election, and also give his take on the scandal at Nvidia.

Finally, Ed shares his take on the growing backlash against data centers.

🔗's 1/2:
Youtube: https://t.co/f1ntvUBC8V
–

[Prof G Markets @ProfGMarkets]

Scott Galloway (@profgalloway) on how young men swung the midterms, and why Democrats can't take them for granted.

"My fear is that the Democrats are gonna think they have a mortgage when they just have a renter right now, that they're in a relationship, they're not, they're just dating, and those swingers could easily swing back in 24 months."

This is from yesterday's episode: 'Why Stocks Had Their Best Day Of The Year — Then Their Worst'.

[Prof G Markets @ProfGMarkets]

Scott Galloway (@profgalloway) on the two messages Democrats should focus on now.

"If I had to focus on two messages that send the right signal, it would be restoring opportunity and prosperity for America's youth and committing to defending Europe against a murderous autocrat."

This is from yesterday's episode: 'Why Stocks Had Their Best Day Of The Year — Then Their Worst'.

[Prof G Markets @ProfGMarkets]

Read the full story via our bio

[Prof G Markets @ProfGMarkets]

Voters said no to data centers.

[Prof G Markets @ProfGMarkets]

The consumer price index, excluding food and energy, rose 0.3% in October from a month earlier, according to the Bureau of Labor Statistics.

Overall prices climbed 0.4%.

[Prof G Markets @ProfGMarkets]

The initial public offering price is expected to be between $70.00 and $78.00 per share

> Anthropic has applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol “ANT.”

> 825,000,000 shares of Class A common stock

> Of these, 801,351,354 shares are being offered by Anthropic and 23,648,646 shares are being offered by certain existing stockholders

> Anthropic will not receive any proceeds from the sale of shares by the selling stockholders

> Anthropic also expects to grant the underwriters a 30-day option to purchase up to an additional 123,750,000 shares of its Class A common stock.

[Anthropic @AnthropicAI]

Anthropic has launched the roadshow for its proposed initial public offering: https://t.co/FhVRVuWN9X

Legal disclaimer: A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This post does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

[Prof G Markets @ProfGMarkets]

The consumer price index, excluding food and energy, rose 0.3% in October from a month earlier, according to the Bureau of Labor Statistics.

Overall prices climbed 0.4%.

[Prof G Markets @ProfGMarkets]

@edels0n Ashley Gold (@ashleyrgold) is Semafor’s senior tech policy reporter. Robert Armstrong (@rbrtrmstrng) is the US financial commentator for the Financial Times, and author of the Unhedged newsletter.

🔗's 2/2:
Apple: https://t.co/llx7BKDSw0
Spotify: https://t.co/m7LWgHgE6B
–

[Prof G Markets @ProfGMarkets]

Scandal At Nvidia: Is This The End For Jensen Huang?

Ed Elson (@edels0n) is joined by Ashley Gold to discuss how Washington may handle the news that Jensen Huang had an affair with an alleged Chinese spy.

Then, Robert Armstrong returns to break down the massive volatility in the markets since the election, and also give his take on the scandal at Nvidia.

Finally, Ed shares his take on the growing backlash against data centers.

🔗's 1/2:
Youtube: https://t.co/f1ntvUBC8V
–