Welcome to Staten News — where one resignation in Santa Clara moved the Nasdaq, the AI chip race and Capitol Hill in the same afternoon.
💰 Finance
Nvidia closed down 4.3% Thursday after Jensen Huang resigned, finishing just above $4 trillion in market value after trading most of the day on course for its first close under that line since July 2025.
Individual traders bought a net $111 million of Nvidia in the first 30 minutes, the biggest opening retail bid Vanda Research has ever recorded.
Cantor cut its Nvidia target to $250 from $350. Super Micro fell 12%, Nebius more than 19% and CoreWeave about 9%.
AMD was up nearly 17% from Monday through Thursday on the idea that Nvidia's mess is its sales pitch.
October CPI rose 0.4%, with core up 0.3% for a third straight month, exactly the level Fed governor Christopher Waller said would justify talking about a half-point hike.
By Thursday's close, CME FedWatch priced an 89% chance of a quarter-point hike in December.
Our calls for next week: Nvidia up into Tuesday's earnings, AMD giving some of its run back.
Full story: Retail Bought $111 Million of Nvidia in 30 Minutes After Its CEO Quit
🏈 Sports
Washington beat the Giants 24-21 Thursday night on a 32-yard Jayden Daniels touchdown to Stefon Diggs with 57 seconds left.
Daniels threw his first two interceptions of the season and still finished 23 of 33 for 249 yards and three scores.
Giants rookie Dominic Zvada missed a 33-yarder and is 8 of 14 since opening his career 9 for 9.
The Giants (5-3-1) still lead the NFC East, but Washington (3-5-1) now owns the head-to-head tiebreaker.
Steelers at Bengals on Sunday night pits two 6-2 teams on four-game win streaks, with Cincinnati favored by 3.5.
The NFC North has the Bears at 7-2, the Lions and Vikings at 6-2 and the Packers at 6-3, and Minnesota visits Lambeau on Sunday.
Buffalo (7-1, 4-0 on the road) is an 8.5-point favorite at the 2-7 Jets.
Full story: Jayden Daniels Threw Two Picks and Still Won at MetLife
🤖 Tech
Jensen Huang resigned as Nvidia's president, CEO and director after 33 years. CFO Colette Kress is interim CEO and keeps the CFO job.
Former Synopsys CEO Harvey Jones becomes the first chair Nvidia's board has ever had.
Kress inherits $36 billion in neocloud backstops, $20 billion in data center leases and a $105 billion OpenAI backstop The Information reported she opposed.
Nvidia has agreed to buy $10 billion of Anthropic stock right after Anthropic's planned Nov. 19 Nasdaq debut.
AMD's Helios racks already run at Anthropic, Meta, Microsoft, OpenAI and Oracle, but Futurum's Daniel Newman says AMD couldn't supply a wholesale switch.
Huang agreed to testify to the House before Thanksgiving, per Rep. Brian Mast, and Senate Banking wants him in public on Dec. 3.
Banned eight-GPU Blackwell B300 sets are listing in China for about $2.99 million, nearly six times the U.S. price.
Full story: Jensen Huang Is Out. Nvidia's New Boss Is the Executive Who Signs the Checks.
🃏 TCG
Raikou ex Special Illustration Rare (Delta Reign #136) rose 21.7% since Monday to $92.70 on TCGplayer market.
The Delta Reign Pokémon Center Elite Trainer Box fell 23.2% this week to $152.16, down 49.2% from its $299.38 release-day price.
The regular Elite Trainer Box, our predicted loser, dropped 9.9% to $81.96 and still trades 64% over its $49.99 MSRP.
Our gainer call missed: the gold Mega Rayquaza ex Mega Hyper Rare (#141) fell 8.1% to $251.62.
The booster box at $187.23 works out to $5.20 a pack against $6.29 for a loose pack.
30th Celebration's Ultra-Premium Collection [Night] fell 12.6% to $369.02.
The Delta Reign Build & Battle Box arrives Nov. 20, with presale at $46.60 against a $21.99 MSRP.
Full story: Raikou ex Climbed 21.7% While the Rest of Delta Reign Went on Sale
Stay sharp. Signal over noise. — The Bandicoots 🔥