Five Must-Eat Melons Before the U.S. Stock Market Opens on Thursday
1/NVIDIA Reports $5.5 Billion Impairment
• Due to #G20 chip export restrictions to China + overseas markets, NVIDIA's stock price plummeted 6.9% in a single day, evaporating $200 billion in market value overnight.
• Dragging down #NASDAQ, which dropped 3.1%, with #Tech heavyweight stocks suffering heavy losses.
2/Powell vs. Trump: Policy Tensions Rise
• Powell made a rare statement: "Tariffs may put the Fed's dual mandate (inflation + employment) in conflict."
• Trump quickly retorted: He shouldn’t be doing this anymore; rate cuts immediately → Policy path once again becomes unclear, increasing market volatility.
3/Healthcare Giants in Pain: Seniors Seeking Medical Care Too Aggressively
• UnitedHealth lowered its full-year profit forecast, with stock price plummeting over 7% in pre-market trading.
• CVS, Cigna, and Humana all followed suit with declines.
• Rising healthcare costs challenge insurers’ profit and loss models once again.
4/Target's Diversity Cuts Backfire
• After a one-size-fits-all approach to the DEI project, traffic plummeted drastically, prompting the CEO to urgently meet with Al Sharpton for "crisis management."
• The latter responded: If you don’t want us, we will collectively withdraw.
5/OpenAI Aims to Spend $3 Billion to Acquire WindSurf
• For AI programming tools, focusing on fast coding and low costs, reportedly even Microsoft Copilot feels the pressure.
• OpenAI is taking a dual approach, releasing its own models while acquiring competitors.