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NEW IN: Elon Musk's SpaceX and Tesla could announce merger "as early as December".

Apple hits a new all-time high of $357.

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.

BREAKING: Nvidia stock crashes over -10% after Jensen Huang officially resigns as CEO.

NEW IN: India stock market flips Taiwan's to become 5th largest stock market globally.

NEW IN: There's now a 73% chance Jensen Huang is out as Nvidia CEO this year.

JUST IN: Nvidia board is preparing to oust CEO 'Jensen Huang' per the WSJ. $NVDA is down -8.89% in after-hours trading.

NEW IN: The S&P 500 now has a 35% chance of trading above 8,000 this year.

SoftBank’s CEO passed on investing $12 billion for a 25% stake in Tesla in 2017. Instead, he invested in WeWork. Today, that $12 billion investment in Tesla would be worth an estimated $375 billion.

NEW IN: Anthropic's $1 trillion IPO is reportedly "multiple times oversubscribed".

NEW IN: Nvidia soars +6% in pre-market trading, erasing all of yesterday’s decline.

Today was a big day for financial markets. Here are the 8 headlines you need to know ↓ 1. Core CPI came in higher than expected at +0.3% MoM vs. +0.2% expected. 2. Anthropic’s IPO is projected to make an estimated 4,250 employees millionaires. 3. Visa expands crypto stablecoin settlements network, allowing transactions on weekends and holidays. 4. Microsoft surpasses Nvidia to become the world’s second most valuable company. 5. Nvidia is now trading at its lowest price-to-earnings ratio in over 15 years. 6. There’s now an 86% chance the Fed raises rates in December. 7. U.S. credit card debt reaches a new all time high of $1.29 trillion. 8. Trump Media buys 1,510 Bitcoin worth over $112 million in Q3. If you enjoyed this post, you’ll love following @CoinbasePredict.

NEW IN: Nvidia is now trading at its lowest price-to-earnings ratio in over 15 years.

JUST IN: There's now an 86% chance the Fed raises rates in December.

NEW IN: Goldman Sachs projects Anthropic will make more than $600B in revenue by 2030.

U.S. October inflation data: • Core CPI: +0.3% MoM vs. +0.2% expected • Headline CPI: +0.4% MoM vs. +0.3% expected 85% chance the Fed raises rates next month.

New details on Anthropic’s IPO: • Targeting a $90.4 billion capital raise. • Planning to offer 825M shares at $70–$78 each, raising up to $64.4 billion. • An additional $26B private placement with participation from Google, Nvidia, AMD, Broadcom, Micron, Microsoft, and TSMC. This values Anthropic between $917 billion and $1.02 trillion, based its outstanding shares.

Today was a big day for financial markets. Here are the 10 headlines you need to know ↓ 1. The S&P 500 closes +2.35% 2. Coinbase officially receives full U.S. federal approval to operate as a national trust bank. 3. Anthropic reportedly plans to IPO next week. 4. PNC Bank partners with Coinbase to offer crypto stablecoin payments. 5. Senate Democrats will reportedly impose a 10% cap on credit card interest rates. 6. U.S. Congress summons Nvidia CEO Jensen Huang over relationship with 'Chinese spy'. 7. Anthropic releases its most powerful AI models to date: 'Fable 5.2' and 'Mythos 5.2.' 8. Google says Gemini is helping design its next-generation of TPUs, cutting chip layout time "from weeks to hours". 9. Apple reportedly plans to turn Siri into an "AI agent" that can take actions and complete tasks on behalf of users. 10. Goldman Sachs CEO expects "massive investment" in U.S. data centers and AI computing capacity to continue. If you enjoyed this post, you’ll love following @CoinbasePredict.

JUST IN: There’s now a 94% chance Anthropic officially announces an IPO this month.