The tech world is witnessing an intense rivalry between Nvidia and Alphabet, two titans in the artificial intelligence (AI) space.

Alphabet's Rise

• Record Highs: Alphabet's shares have soared, fueled by excitement around its upgraded Gemini 3 model and speculation that Meta might buy its AI chips.
• Market Momentum: Alphabet's shares are up in premarket trading, signaling strong investor confidence.

Nvidia's Defense

• "A Generation Ahead": Nvidia claims its technology is superior, asserting they are a generation ahead of competitors.
• Powerful Chips: Despite supplying Google, Nvidia insists its chips are more powerful than Alphabet's offerings.

Dell Rides the AI Wave

• Strong Q4 Expected: Dell is anticipating a robust fourth quarter, driven by AI sales.

Stock Market Surge: Dow Jones Leads the Way

• Interest Rate Cut Speculation: Investors are hopeful for a December interest rate cut by the Federal Reserve, with odds now at 84%.
• Fed Leadership Speculation: There's buzz that Kevin Hassett, a rate-cut advocate, might succeed Fed Chair Jerome Powell.

Ukraine Peace Deal: Closer Than Ever?

• U.S.-Backed Framework: Ukraine is open to advancing a U.S.-backed peace deal framework.
• Trump's Hint: Former President Donald Trump suggests they're close to a deal, though a Putin aide claims Russia hasn't received a revised draft.

Michael Burry vs. Nvidia: AI Bubble Debate

• Burry's Warning: The investor famous for predicting the 2008 housing crash believes the AI trade is a bubble.
• Nvidia's Rebuttal: Nvidia has pushed back, even referencing Burry in a private memo shared with analysts.

Housing Market Woes

• Homes Pulled Off Market: Homeowners are removing properties from the market at a high rate.
• Falling Prices & Weak Demand: Economic uncertainty, falling home prices, and weak employment prospects are driving consumer confidence down.