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Smaller AI Spending Forecasts, Sold-Out Computing Power: Both Can Be True
Wall Street analysts are trimming the trillion-dollar AI buildout, yet the companies renting out the chips say customers are lining up for years. Three earnings reports reveal why a smaller forecast may not mean weaker demand, and what could still break the story.
If You Inherited an IRA From Anyone Who Died After 2019 and Was Already Taking RMDs, a Withdrawal Is Due by December 31. The IRS Waived the Penalty for Four Years and Stopped in 2025
She trusted the custodian’s letter that said 10 years and let her inherited IRA compound untouched. Then the IRS ended its four-year grace period, and her quiet strategy turned into a penalty. Here is the rule hiding inside that letter.
The 3 ETFs to Learn About First When Your Spouse Has Always Handled the Investing
Your spouse has always run the portfolio, and the statements on the kitchen table might as well be written in code. Three funds, one for each building block, can turn that stack of paper into a conversation you actually lead.
‘He Can’t Just Pick Up and Go to Florida’: Dan Ives on Musk’s $1 Trillion Texas Problem
Musk is feuding with Texas leaders while building a chip fab he says could cost $1 trillion. Dan Ives says escape is not an option, and the tax math behind that may surprise anyone planning a move of their own.
Seniors Filing in February Will See the First Refunds With the $6,000 Senior Deduction in Them. A Retired Couple Over 65 With $80,000 of Income Gets About $1,400 Back They Didn’t Get Last Year, and He
A new $6,000 deduction per spouse is about to change how retired couples file, but it quietly shrinks once income climbs past a certain line. Find out where it fades, and which year-end moves protect it.
Reports Thu Nov 12Before openConfirmed
Absci reports before the open with no beat streak intact, having landed on the right side of estimates just twice in the last four quarters. Consensus sits at a loss of $0.20 per share, so the AI drug-discovery story turns on pipeline and partnership commentary.
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What Nvidia's Megaspeed Scandal Is Really All About
- Bloomberg's Mackenzie Hawkins on Megaspeed, the Singapore neocloud tied to Alibaba and Nvidia's largest Southeast Asia buyer
- Roughly 50,000 chips, mostly Blackwells, unaccounted for across Megaspeed's data center footprint
- Smuggling runs through the OEM-to-distributor chain on false destination declarations, as in the Supermicro co-founder case
- DOJ has taken the investigation over from BIS; Congress weighs cloud compute restrictions for Chinese firms
The real exposure is the export-control regime: Washington is now debating whether Chinese firms can rent Nvidia compute in Southeast Asia at all, and the Biden-era AI Diffusion rule sitting unenforced is in play as legislation. That reaches every OEM and distributor in the chip chain, not just Nvidia.
Reports Thu Nov 12Before openConfirmed
Enovix reports before the open with a nine-quarter streak of beating EPS estimates on the line, and consensus set at a loss of $0.14 on $9.98 million in revenue. At a $555 million market cap, the question is whether battery production scale-up is finally narrowing those losses.
MARKET OPEN
Europe
- 🇬🇧 FTSE 100+0.32%
- 🇩🇪 DAX+0.91%
- 🇫🇷 CAC 40—
London is lagging Frankfurt by nearly three to one at the open, with the DAX up 0.91% against the FTSE's 0.32%. Sticky UK inflation forecasts and talk of another Bank of England rate rise are the drag keeping British equities a step behind.
CLOSING BELL
Asia
- 🇭🇰 Hang Seng-1.26%
- 🇨🇳 SSE Composite-0.64%
Shanghai's milder 0.64% decline shows the selling was concentrated in Hong Kong, where the Hang Seng gave up 1.26% and never recovered from its lower open. Offshore China exposure is carrying the risk right now.
CVS Beat Earnings by 27% and Split in Two, and Elizabeth Warren Says She Is Not Fooled
CVS delivered a blowout quarter, then announced a breakup that Senator Warren called a surrender. But the split leaves the very pieces she targets under one roof, and one filing could settle who is right.
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Cramer Says Tito’s Refused Costco on Price and Kirkland Made Vodka for Half
CNBC’s Jim Cramer used his Mad Dash segment on November 11 to explain how Costco Wholesale (NASDAQ:COST | COST Price Prediction) handles a supplier that raises prices. Cramer said Costco tells such suppliers it will make a Kirkland-brand version at half their price, using Tito’s…