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Invesco QQQ Trust Series 1

SPDR S&P 500 ETF TRUST - SPDR S&P 500 ETF Trust

Disappointing results and outlooks from major tech companies, alongside concerns that heavy AI infrastructure spending may not deliver sufficient returns, have fueled a broad risk-off mood and pressure on the S&P 500. Traders are divided between calling it the start of a deeper AI-led correction and viewing the selloff as a buying opportunity.

Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center and AI (DCAI), Intel Foundry Services (IFS), and All Other. The CCG segment consists of platforms designed for notebooks, 2-in-1 systems, desktops, tablets, phones, wireless and wired connectivity products, and mobile communication components. The DCAI segment delivers solutions to cloud service providers and enterprise customers, along with silicon devices for communications service providers and high-performance computing customers. The IFS segment refers to full stack solutions created from the foundry industry ecosystem. The All Other segment represents results from other non-reportable segments and corporate-related charges. The company was founded by Robert Norton Noyce and Gordon Earle Moore on July 18, 1968, and is headquartered in Santa Clara, CA.

Intel Corp.

Intel Corp

Intels weaker fourth-quarter outlook, citing soft PC demand and supply constraints, drove a sharp selloff despite stronger-than-expected quarterly results. Traders are split between viewing the drop as an overreaction and buying the dip, and seeing the guidance and execution risks as signs of further weakness.

Invesco QQQ Trust Series 1 - Invesco QQQ Trust Series 1

QQQ is under pressure after Amazons heavy AI infrastructure spending and Intels weak outlook intensified concerns about tech-sector earnings and whether AI investment will generate adequate returns. Traders are debating whether the selloff signals a broader AI-trade unwind or a buying opportunity, with panic over further losses competing with calls to buy the dip.

Amazon.com, Inc. is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment offers retail sale of consumer products, including from sellers, advertising, and subscriptions services through North America-focused online and physical stores. The International segment focuses on retail sale of consumer products, including sellers, advertising, and subscription services through internationally focused online stores. The AWS segment is composed of global sales of computers, storage, databases, and other services for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Amazon.com Inc.

Amazon.com Inc

Amazons quarterly results and outlook drew scrutiny as slight revenue and earnings misses, heavy AI infrastructure spending, and weaker cash flow fueled a sharp selloff. Traders are divided: some see spending and uncertain returns as a risk, while others argue strong AWS growth supports the investment and view the drop as an overreaction.

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU) and Compute & Networking. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, Quadro and NVIDIA RTX GPUs for enterprise workstation graphics, virtual GPU, or vGPU, software for cloud-based visual and virtual computing, automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating metaverse and 3D internet applications. The Compute & Networking segment consists of Data Center accelerated computing platforms and end-to-end networking platforms including Quantum for InfiniBand and Spectrum for Ethernet, NVIDIA DRIVE automated-driving platform and automotive development agreements, Jetson robotics and other embedded platforms, NVIDIA AI Enterprise and other software, and DGX Cloud software and services. The company was founded by Jen Hsun Huang, Chris A. Malachowsky, and Curtis R. Priem in April 1993 and is headquartered in Santa Clara, CA.

NVIDIA Corp

Weak Amazon results and Intel guidance have intensified a broader AI and semiconductor selloff, prompting debate over whether hyperscaler spending will generate adequate returns; some traders counter that ongoing cloud growth and investment still support chip demand. The community is also discussing allegations linking a Singapore cloud customer to Chinese intelligence, which Nvidia has rejected as a concern about ordinary business dealings.

Iovance Biotherapeutics, Inc. engages in the development and commercialization of cell therapies using autologous tumor-infiltrating lymphocytes (TIL) for the treatment of cancer. Its products include Amtagvi (lifileucel), and Proleukin (aldesleukin). The firm also develops investigational TIL therapies for other solid tumor cancers. The company was founded by Robert T. Brooke on September 17, 2007 and is headquartered in San Carlos, CA.

Iovance Biotherapeutics Inc

Updated lifileucel lung-cancer trial results drove a sharp selloff: the overall response rate was broadly in line with the prior update, while a small, retrospectively identified biomarker subgroup showed a much higher response rate. Traders are split between viewing the subgroup as a promising precision-treatment strategy and worrying that it leaves regulatory approval, the addressable market, and the timeline less certain; many also criticized managements presentation of the data.

Sandisk Corp. engages in the development, manufacture, and provision of storage devices and solutions based on NAND flash technology. Its products include solid state drives, memory cards, and USB flash drives. The company was founded on February 5, 2024 and is headquartered in Milpitas, CA.

Sandisk Corp

SanDisks strong quarterly results and raised outlook, alongside its announced 8-for-1 stock split, dominate discussion. Traders are debating the sharp selloff despite the beat: some blame broader tech and AI risk-off sentiment or profit-taking, while bullish voices point to robust data-center demand and question whether the market reaction reflects the companys fundamentals.

Trump Media & Technology Group Corp. engages in operating social media and in the technology business. Its brands include TRUTH Social, TMTG+, and TMTG News. It operates through the Media and Truth.Fi segments. The Media segment includes products and services such as advertisement through the Truth Social platform. The Truth.Fi segment relates to customized exchange-traded funds or exchange-traded products invested in America First principles, and bitcoin and similar cryptocurrencies or crypto-related securities. The company was founded on March 28, 2024 and is headquartered in Sarasota, FL.

Trump Media & Technology Group Corp.

DJT is drawing attention amid a steep selloff and repeated new lows, with many traders questioning the companys business prospects and calling the stock overvalued, while a smaller bullish group sees possible rebound potential. The debate also centers on midterm-election uncertainty and how a change in congressional control could affect Trump and the company.

Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. The Greater China segment comprises China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian countries. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, AppleCare, iCloud, digital content stores, streaming, and licensing services. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak in April 1976 and is headquartered in Cupertino, CA.

Apple Inc

Apples resilience as investors rotate away from AI-heavy tech into a perceived safe haven is the dominant topic, with many traders describing it as an anti-AI hedge supporting the broader market. Bulls see defensive appeal and limited AI spending as strengths, while bears cite a stretched valuation, upcoming earnings risk, and concerns about new-device demand and quality.

SELLAS Life Sciences Group, Inc. is a clinical stage biopharmaceutical company, which engages in the development and commercialization of immunotherapeutic for cancer indications. Its product pipeline includes galinpepimut-S. The company was founded by Angelos M. Stergiou on April 3, 2006 and is headquartered in New York, NY.

SELLAS Life Sciences Group Inc

SELLASs REGAL Phase 3 trial reaching its 80-event milestone has shifted attention to database lock, unblinding and the expected topline survival results. Bulls see the prolonged trial and milestone as encouraging and speculate about a deal, while skeptics stress that the event count does not establish GPS efficacy and that the readout remains a high-risk binary catalyst.

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Analysts Estimate QXO, Inc. (QXO) to Report a Decline in Earnings: What to Look Out for

QXO INC (QXO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

'Big Short' Investor Michael Burry Bumps Up Substack Subscription Price, Flags 4 'Busted' Bear-Market Havens

Equity

Burry’s Substack annual revenue potential could reach $232.2 million, more than double July’s estimate.

QXO Plunges 43% Year to Date: How Should Investors Play the Stock?

Can QXO overcome rising debt, integration costs and working capital pressures to unlock acquisition synergies and strengthen its earnings potential?

Can QXO Double EBITDA by 2030 After Its $15B TopBuild Deal?

QXO's $15B TopBuild deal expands its building products footprint as it targets more than doubling EBITDA by 2030, despite margin pressure and integration risks.

Why Did CMCSA, NIO, QXO Stocks Tumble To 52-Week Lows Today? 

Challenges across telecommunications, electric vehicles and building products weighed on investor sentiment.


Stock Market Today, Oct. 7: QXO Falls 7% on RBC Price-Target Cut to $18

QXO (NYSE:QXO), a tech-enabled roofing and building products distributor, closed at $11.30, down 6.65%. A premarket RBC price-target cut and softer residential roofing demand pressured the shares; investors are watching demand trends and execution on integration. Trading volume r...

Why QXO Sank Today

Key PointsQXO received a 33% price target cut from a Wall Street analyst...

QXO Hits Fresh 52-Week Lows On Soft Residential Roofing Demand

RBC analyst Mike Dahl lowered the firm’s target on QXO to $18 from $27 while maintaining an ‘Outperform’ rating.

QXO Stock Tumbles as RBC Analyst Cuts Target

QXO Inc (NYSE:QXO) shares are plummeting Wednesday after an RBC Capital Markets analyst cut the price target on the stock.read more...

Michael Burry Picks Chip Suppliers Over Micron — But Warns Memory Producers Could Sell Off 'Intensely'

Burry also advised shorting equipment makers Applied Materials and Lam Research at current prices.

QXO, Inc. is a publicly traded distributor of roofing, waterproofing and complementary building products in the United States. It plans to become tech-enabled in the building products distribution industry and generate outsized value for shareholders. The company was founded on October 3, 2002, and is headquartered in Greenwich, CT.

QXO Inc.

Bearish Sentiment

<ul class="summary-bullets"><li>Cassandra Unchained’s monthly price rises from $49 to $69 and its annual fee from $479 to $679 on Nov.1.</li><li>The revenue estimate is about 9.6 times the $24.2 million YTD gain from investing $1 million in each of the S&amp;P 500’s 10 top-performing stocks.</li><li>Burry highlighted Adobe, Fiserv, Birkenstock and QXO as potential bear-market havens, with the first three outperforming <a class="mention" data-mention="$SPY" data-symbol-id="SPY" href="https://stocktwits.com/symbol/SPY" target="_blank">SPY</a>, QQQ and DIA on Thursday.</li></ul><p>“The Big Short” investor Michael Burry’s growing Substack audience and upcoming fee increases could lift its annual revenue potential above $232 million — more than double July’s levels — as he&nbsp;turned the spotlight on four “busted” stocks that could offer shelter in a prolonged bear market.</p><p>The investor highlighted Adobe (ADBE), Fiserv (FISV), Birkenstock (BIRK) and QXO as pockets of strength during Thursday’s technology selloff, while separately flagging a possible accounting risk for Nvidia (NVDA).&nbsp;</p><h2 class="st-heading-2"><strong>Burry Raises Rates As His Audience Tops 342,000</strong></h2><p>Burry said Cassandra Unchained’s monthly subscription would rise from $49 to $69, while the annual fee would increase from $479 to $679. The changes take effect from Nov.1, implying increases of over 40%&nbsp;in both time periods. “Subscribe before the end of the month, and you will keep the lower rate for the life of your subscription,” he&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/michaeljburry/status/2113436170277568971">said on X</a>.&nbsp;</p><p>His official subscription page now shows more than 342,000 subscribers, compared with 300,044 in&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/michael-burry-100m-this-year-over-300k-substack-subscribers/cZmzhjQR7o0">July</a>, marking growth of about 14%. At $679 per annual subscription, 342,000 subscriptions would generate $232.2 million in annual gross revenue, which is about 104% above July’s $113.7 million estimate by Stocktwits, which used 300,044 subscribers and a $379 annual fee.&nbsp;</p><p>However, the $232.2 million figure comes with a catch: it assumes every subscriber pays the new annual fee. Burry’s audience includes free readers, while existing subscribers can keep lower rates. His actual revenue and paid-subscriber count are currently undisclosed.</p><h2 class="st-heading-2"><strong>How $232M Stacks Up Against Wall Street’s Biggest Winners</strong></h2><p>Even picking the S&amp;P 500’s 10 biggest winners this year would deliver gains far below l $232.2 million. Investing $1 million in each would turn $10 million into about $34.2 million, a $24.2 million gain, with the newsletter figure about 9.6 times higher.</p><div><figure class="table"><table class="ck-table-resized"><colgroup><col><col><col></colgroup><tbody><tr><td>S&amp;P 500 Ticker</td><td>YTD Total Return</td><td>Value Of $1M Invested</td></tr><tr><td>MRNA</td><td>587%</td><td>$6.9M</td></tr><tr><td>SNDK</td><td>431%</td><td>$5.3M</td></tr><tr><td>DELL</td><td>264%</td><td>$3.6M</td></tr><tr><td>MU</td><td>200%</td><td>$3M</td></tr><tr><td>MPC</td><td>186%</td><td>$2.9M</td></tr><tr><td>VLO</td><td>166%</td><td>$2.7M</td></tr><tr><td>MRVL</td><td>163%</td><td>$2.6M</td></tr><tr><td>BE</td><td>151%</td><td>$2.5M</td></tr><tr><td>AMD</td><td>137%</td><td>$2.4M</td></tr><tr><td>STX</td><td>134%</td><td>$2.3M</td></tr></tbody></table></figure></div><h2 class="st-heading-2"><strong>Burry’s Four ‘Busted’ Picks Rise As Tech Sinks</strong></h2><p>Burry’s picks stood out on Thursday as the SPDR S&amp;P 500 ETF Trust (SPY) fell 1.2% and Invesco QQQ Trust (QQQ) dropped 2.9%, while the SPDR Dow Jones Industrial Average ETF Trust (DIA) edged up 0.04%. Adobe rallied 6.1%, Fiserv gained 5.4% and Birkenstock advanced 4.2%, comfortably outperforming all three benchmarks.</p><p>“In a severe or elongated bear, busted stocks can be a haven. ADBE, FISV, BIRK, QXO perking up as the NDX nearly touches 900 points down,” Burry said in a Substack chat.</p><p>Burry’s research had earlier examined whether stocks that had already suffered steep losses could outperform market leaders once a downturn began. In last week’s post, he compared leading stocks with those trading at least 20% below their 10-year highs when the broader market peaked. After the March 2000 peak, leaders lost about 33% over the next year and 50% over 18 months. By contrast, the median beaten-down stock was up 14% after one year and 8% after 18 months.&nbsp;</p><h2 class="st-heading-2"><strong>Burry Sees Accounting Risk For Nvidia</strong></h2><p>Burry also flagged a proposal from the Financial Accounting Standards Board (FASB) as a potential threat to Nvidia’s reported revenue. “Also, FASB has a new rule coming that would conceivably force NVDA to deduct circular revenue from its reported revenue - could be big,” he said.</p><p>The proposal would clarify when payments made on behalf of customers, or to customers of a company’s customers, fall under revenue-recognition rules governing customer payments. Such payments generally reduce revenue unless they purchase a distinct good or service. The proposal remains open for comment until Nov.23.&nbsp;</p><p>For updates and corrections, email newsroom[at]stocktwits[dot]com.</p><p>Read Next:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/tsla-analyst-physical-tech-berkshire-bear-court-ruling-q3-beat/cZxyEIYRBxG">TSLA Eyes Best Week In 2 Months — Analyst Sees Physical Tech’s ‘Berkshire,’ But Bear Credits Court Ruling For Q3 Beat&nbsp;</a></p>

Michael Burry attends "The Big Short" New York Premiere at Ziegfeld Theater on November 23, 2015 in New York City. (Photo by James Devaney/WireImage)

Adobe Inc

BIRKENSTOCK HOLDING PLC

Fiserv, Inc.

Hold rates steady

Cut 25 bps

Hike 25 bps

Fed decision day is here - Kevin Warsh chairs his first FOMC meeting with markets pricing a hold at 3.50%-3.75% but watching for a hawkish shift. Vote on what you expect to be decided today, then drop your prediction for the first rate cut or hike in the comments.

What do you expect the Fed to decide at its FOMC meeting today? 
 
Drop a comment with when you expect the first cut/hike to be.

Current Price	$11.38
Prev Close	$10.86
Open	$10.86
Dividend Yield	0.00%
50-Day Moving Average	$11.98
Beta	1.57
Avg. Volume	19.1M
PE Ratio	-12.73

52-Week High	$27.61
52-Week Low	$10.04
Market Capitalization	$11.81B
EPS (Annual)	-$0.6334
Price to Book	0.89
Revenue Per Employee	$877,880.42

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