🚀 Nvidia becomes first company to hit $5T

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Market Overview
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Year To Date Performances:

1. Nvidia has solidified its dominant position at the heart of the artificial intelligence boom, becoming the first company in history to achieve a staggering $5 trillion market valuation, with shares soaring over 50% year-to-date. This extraordinary milestone reflects the tech giant's pivotal transformation from a niche video game processor maker into the essential supplier of chips driving the global AI revolution. Fueled by this momentum, CEO Jensen Huang recently projected $500 billion in AI chip orders and announced plans to build seven new supercomputers for the U.S. government, alongside a $1 billion strategic stake in Nokia for developing 6G cellular technology. While this dizzying, AI-driven rally has pushed major U.S. indices, including rivals Apple and Microsoft (each valued over $4 trillion), to record highs, it has also amplified warnings from institutions like the IMF and Bank of England about the possibility of an unsustainable market bubble.

2. Despite a significant financial setback, Boeing finally delivered a crucial sign of operational stabilization by generating positive free cash flow for the first time since late 2023. A $4.9 billion charge stemming from yet another delay of the long-anticipated 777X wide-body jet, now not expected until 2027 was expected to hurt their profits however under the steady hand of CEO Kelly Ortberg, the aerospace giant has markedly increased jetliner deliveries, putting it on track for its best year since 2018; this surge in deliveries drove third-quarter revenue to $23.27 billion, a 30% jump that beat analyst expectations. While the company still posted a large net loss and faces certification hurdles with the 777X and smaller 737 Max variants, the improved production pace, the recent lifting of a key 737 Max production cap by the FAA, and the increased confidence from regulators suggest Boeing is slowly and deliberately turning the corner after years of crises.

3. Despite beating analyst expectations on both the top and bottom lines for the third quarter, reporting adjusted earnings of 63 cents per share on $678 million in revenue, Etsy's stock sank following the announcement of a leadership transition and continued core platform struggles. Effective January 1, 2026, CEO Josh Silverman, who guided the company for eight years, will step down and be replaced by growth chief Kruti Patel Goyal, a change that coincides with mounting competitive pressure from giants like Amazon and high-growth upstarts. Though the resale app Depop soared with a nearly 40% jump in both active buyers and Gross Merchandise Sales (GMS), Etsy's overall platform performance showed weakness, with active buyers sliding 5% and total GMS declining by 6.5% year-over-year to $2.72 billion, signalling a difficult post-pandemic struggle to reignite growth.

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