Market Maker BATMMAAN Takes Over Wall Street: Nvidia, Big Tech Earnings & Fed Fog
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Oct 31, 2025 This week, Nvidia's brief surge to a $5 trillion valuation meets a sudden crash after a Trump-Xi meeting stirs geopolitical tensions. With Alphabet smashing earnings expectations while Meta falters, discussions emerge around the dynamics of a new 'BATMMAAN' versus the classic 'Magnificent 7.' Meanwhile, the Fed cuts rates but signals uncertainty, as Powell's 'fog' analogy complicates the economic outlook. From AI hype to big tech's performance, the insights are both timely and essential for understanding the market landscape.
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Blackwell Orders Show Real AI Demand
- NVIDIA's Blackwell order book signals real, near-term AI demand rather than pure hype.
- The company confirmed 6M shipped with 14M more ordered, implying roughly $0.5T in sales over 15 months.
Trump–Xi Meeting Left Nvidia Off The Table
- The Trump–Xi meeting surprised markets by not mentioning NVIDIA at all.
- Investors had priced hopes of regaining China access, so the omission caused a swift sell-off.
Policy Whiffs Drive Big Volatility
- Political signals can move NVIDIA and broader markets as much as fundamentals do.
- Policy comments about selling weakened chips to China created outsized volatility despite solid fundamentals.