economy

Stacker_Stocks

The biggest deal of the year:

Now it’s up to @BlokchainB he’s the one who runs the territory.
If he thinks the post is a duplicate and should be removed, I’ll delete it without any problem.

I appreciate the input, but my points were accurate from the sources I used.
If something differs, I’m open to seeing your references.
Discussion works best when we compare facts, not assumptions.

I did write something. It’s okay if you missed it 

Netflix is ​​buying Warner Bros. Discovery for $72 Billion! 🔥

The streaming war is over, and Netflix has won. In a historic move, the giant has closed a deal to buy the owner of HBO, Warner Bros., and Harry Potter.

It was $72 billion! The media market will never be the same!

![](https://m.stacker.news/120940)




2️⃣ The Terms of the Deal (Cash + Stock)

The offer is valued at US$27.75 per Warner share (a US$10 billion premium over market value).

The total Enterprise Value (including debt) reaches US$82.7 billion, in a transaction involving cash and stock.

It's the heaviest check Netflix has ever written.




3️⃣ What does Netflix take home? (The Content Vault)

The streaming company, which has always been a "builder" (building from scratch), has now become a "buyer."

It takes home:

• Franchises: Harry Potter, Superman, Batman, Friends.

• Prestige: The entire HBO catalog (Game of Thrones, Succession).

• Studios: The legendary Warner Bros. Pictures.


4️⃣ The Strategy: Split and Focus

Before closing, Warner will split in two.

Netflix will buy the "premium" part: studios and streaming (HBO Max).

The "old" part (cable channels like CNN, TNT, TBS) will be separated into another company.

The goal is to keep the premium content, not the declining cable television.



5️⃣ Paramount was outbid

The company tried to buy the entire Warner Bros. (including the cable channels) for $30/share in cash.

But Netflix's lower offer ($27.75) was accepted because there is great belief in the synergy and stock appreciation of the new combined company.

Paramount's stock plummeted 10% on the news.



6️⃣ The Antitrust Risk (The Trump Factor)

The deal won't be a walk in the park. Rivals and lawmakers are already preparing their attacks.

Paramount says the deal creates a global streaming monopoly.

The Trump administration has signaled "concerns."

The merger of the two largest content libraries in the world will face heavy scrutiny in Washington.



7️⃣ The Future of Cinema

Netflix has promised to continue releasing Warner Bros. films in theaters, breaking its tradition of prioritizing streaming.

But the CEO of Cinema United said this transaction is an "unprecedented threat" to the global exhibition business.

The big screen could become a luxury showcase for streaming.

The Saudi-led consortium has completed the purchase of Electronic Arts.

The owner of EA FC, The Sims, and Battlefield now belongs to Riyadh.

But why did they sell off American stock to buy "video games"?

The strategy behind this check is much bigger than it seems!

![](https://m.stacker.news/120472)



2️⃣ Deal Structure: 93% in Saudi hands

The final division of capital was as follows:

1. PIF (93.4%): This is the "vault" where the kingdom keeps its oil profits. They control the business.

2. Silver Lake (5.5%): A global Private Equity giant focused on technology (investor in Twitter and Airbnb).

3. Affinity Partners (1.1%): The investment firm of Jared Kushner, Donald Trump's son-in-law.



3️⃣ The Strategy: Why buy EA?

The plan is Vision 2030: to remove the Saudi economy's dependence on oil. And games are their "new oil" for two reasons:

1. Recurring Cash Flow: Oil prices fluctuate. Ultimate Team microtransactions generate billions of dollars every year, come rain or shine.

2. Soft Power: They want to own pop culture, not just consume it.



4️⃣ Financial Engineering (The Check)

The bill is hefty. The total enterprise value has been capped at US$55 billion.

The consortium will inject US$36.4 billion in equity and take on US$20 billion in debt.

Since PIF already owned a stake in EA, they need to disburse approximately US$29 billion of "new money" upfront.




5️⃣ Burning Wall Street to Buy Games

The money comes from a portfolio rotation. In November, PIF sold positions in dozens of US-listed companies (blue chips) to raise cash.

The thesis has changed: out with the scattered passive investments in the stock market, in with total control of strategic entertainment assets.




6️⃣ What did they take? (The Cash Machine)

By buying EA, Saudi Arabia guarantees recurring cash flow in dollars, mainly through:

• Soccer: The former FIFA franchise (now EA FC).

• American Football: Madden NFL.

• Simulation: The Sims.

These are products that generate billions in revenue regardless of oil price fluctuations.





7️⃣ The Risk: Deficit vs. Solvency

The Saudi deficit is expected to double to 5.3% of GDP this year due to spending on pharaonic projects (Neom).

However, the kingdom still has very low debt compared to any G7 country and hundreds of billions in reserves.

The "squeeze" is on cash flow for these gigantic projects, not on solvency.





8️⃣ Geopolitics: The Kushner Factor

The presence of Affinity Partners in the consortium is drawing market attention. The firm is led by Jared Kushner, Donald Trump's son-in-law.

The participation, albeit a minority stake (1.1%), places the family of the US president-elect at the table in one of the biggest deals of the year, further strengthening ties between Washington and Riyadh.

Saudi Arabia buys FIFA's owner for $55B—the biggest deal in gaming history!!!!!

On November 30, 2022, the world changed. Since the launch of ChatGPT, the S&P 500 has added $24 trillion in market value.

That's an average of $22 billion created PER DAY for 3 consecutive years.

The market has been transformed since then. Understand it in detail!

![](https://m.stacker.news/120045)

![](https://m.stacker.news/120046)



2️⃣ The Index Explosion

Since that day in 2022:

• S&P 500: +77% (rose from ~3,950 to almost 6,850 points).

• Nasdaq 100: +119% (driven by the technology sector).

Basically, the American market created the equivalent of almost an entire US economy in equity value in just 36 months.

![](https://m.stacker.news/120047)



3️⃣ The Big Winners (It wasn't democratic)

The rally was concentrated in AI infrastructure.

The return since the launch of ChatGPT:

• Nvidia (NVDA): +1,004% 🚀
• Broadcom (AVGO): +660%
• Meta (META): +481%
• Google (GOOGL): +230%

While Tech (XLK) and Communication (XLC) doubled in size, 9 of the 11 sectors of the American economy lagged behind.

![](https://m.stacker.news/120048)

![](https://m.stacker.news/120049)



4️⃣ From US$6 billion to US$57 billion: Nvidia's "Real Proof"

For those who say it's just a fad, Nvidia's revenue numbers prove otherwise.

Look at the quarterly evolution:
• Q3 2022 (Pre-ChatGPT): US$5.9 Billion
• Q3 2025 (Today): US$57 Billion
The company multiplied its revenue by 10x in 3 years.

![](https://m.stacker.news/120050)



5️⃣ The "World's Most Terrifying Comparison"

📈 Stock Market (S&P 500): +70%
📉 Employment (JOLTS): -30%

Job vacancies peaked at 11.5 million in March 2022, the highest level since JOLTS began in 2000.

By August 2025, that number had fallen to 7.18 million.

The narrative: "AI is enriching investors while stealing middle-class jobs."

But the data shows otherwise.



6️⃣ Economists point to the real culprit for the drop in job openings: the Fed.

Job openings peaked in March 2022 (the beginning of the interest rate hike cycle), months before ChatGPT was born.

Monetary tightening to combat inflation cooled the pace of hiring.

The impact of AI is still uncertain.



7️⃣ The Tale of Two Economies
What we have today is a clear bifurcation:

1. The "AI Economy": Explosive growth, high margins, trillion-dollar Capex (Nvidia, Microsoft).

2. The "Remaining Economy": Suffering from high capital costs and slowdown.

30 AI-related companies now represent 44% of the total value of the S&P 500.




8️⃣ The Yellow Flag for Young People

Although AI isn't the macro-level cause of unemployment today, there is a worrying micro-level effect.

Stanford studies show that recent graduates (22-25 years old) in fields exposed to AI experienced a 13% drop in hiring.

AI isn't firing seniors yet, but it is closing the door for juniors.




🔟 Summary of the Opera (3 Years Later)

ChatGPT inaugurated the biggest digital gold rush in history. The market priced in a future where productivity explodes and profits are concentrated.

So far, the investor has overwhelmingly outperformed the worker.

The AI ​​"bubble" sustained the economy while the rest of the market dealt with the hangover from interest rates.

3 Years of ChatGPT: The $24 Trillion Revolution

The state-owned company's new strategic plan includes increased production, cost cuts, a drop in breakeven point, and more disciplined capital expenditure.

However, it also raises concerns: optimistic oil projections, lower dividends, and investments concentrated in the short term.

See the 10 points that really matter!

![](https://m.stacker.news/119632)

![](https://m.stacker.news/119633)


1️⃣ Production revised upwards: +230 million barrels by 2029

Petrobras has raised its target to 2.5–2.7 million barrels/day between 2026 and 2029, above the previous plan.

This leap comes from technical advances such as more modern FPSOs (floating platforms that extract and process oil at sea), more efficient interconnections, and better field management.



2️⃣ Lower Capex, but with a US$10 billion cut margin

Total investment will reach US$109 billion by 2030.

Of this total, US$91 billion is already contracted, and US$18 billion is "under evaluation"—meaning it may or may not materialize.

In addition, there are US$10 billion that depend on cash generation, providing flexibility in case oil prices fall.

(Capex = investments in new projects, infrastructure, and equipment.)



3️⃣ Búzios continues as a growth engine

A large part of the plan is concentrated in the Búzios field, in the pre-salt layer — one of the most profitable areas in the global oil industry.

These fields have low natural decline (they produce well for longer) and a cost per barrel much lower than the industry average.



4️⃣ Breakeven point drops from US$82 to US$59/barrel — and targets US$48 in 2030

Petrobras has reduced the minimum point necessary for the project to "pay for itself".

This breakeven point (total cost for each barrel to generate profit) has fallen from US$82 to US$59 in 2026, and the new target is US$48 in 2030.

Part of this came from the revision in leasing expenses — which are rentals of platforms and equipment.

The forecast has fallen from US$60 billion to US$45–50 billion.




5️⃣ Cost Reduction of US$12 Billion by 2030

The company expects to save US$12 billion in operating expenses over the next 5 years.

These gains will come from greater process efficiency—which, according to JPM, should reduce the cost of each barrel extracted by US$3.5.




6️⃣ More modest dividends and no extras

Petrobras maintained its policy of distributing 45% of operating cash flow less investments (capex).

However, unlike the previous cycle, there will be no extraordinary dividends.

The projection is to pay between US$ 45–50 billion by 2030 — well below the US$ 65 billion paid in the previous cycle.




7️⃣ Projected debt continues to fall even with cheaper oil

Even using more conservative oil price projections, Petrobras maintained its debt ceiling at US$75 billion and continues to target US$65 billion.

The minimum cash policy of US$6 billion was also maintained, seeking to demonstrate financial discipline even in a scenario of lower revenue.




8️⃣ Short-term concentrated capital expenditure puts pressure on cash flow

Even with the total cut, the plan continues to concentrate the largest investments between 2026 and 2028.

This is because several FPSOs are under construction or interconnection, which requires more resources now—before generating a return.




9️⃣ Refining and Renewables with More Caution

Petrobras plans to increase its refining capacity by 320,000 barrels/day by 2030.

Regarding clean fuels (ethanol, biodiesel, biomethane), entry will be through minority partnerships or shared control, with potential for M&A (acquisitions).




🔟 Brent Premise Remains Optimistic

The plan considers Brent (the type of oil that serves as a global benchmark) to be between US$63–70 by 2027, even with current prices below that.

The state-owned company itself admits that for every US$10 below the forecast, annual cash flow falls by US$5 billion — a concern for analysts like JPM and Goldman Sachs.

Petrobras plans $109B by 2030, focusing on pre-salt reserves and key production.

The WSJ dropped the bombshell: Xi Jinping angrily called the White House and demanded silence from Japan.

Trump immediately confronted his historic ally to save the agricultural deal.

Geopolitics has literally become a bargaining table!

![](https://m.stacker.news/119453)



2️⃣ Tokyo touched a raw nerve

Japanese Prime Minister Sanae Takaichi did what no one expected: she promised to mobilize troops if China invaded Taiwan.

For Beijing, this is not just military rhetoric.

Coming from Japan—a former imperial invader—it's an offense bordering on a declaration of war.

![](https://m.stacker.news/119454)



3️⃣ The Past Condemns

Why the deadly hatred? Japan colonized Taiwan for 50 years and devastated China in World War II.

In the mind of the Communist Party, Tokyo is the "defeated nation" and has no moral authority to comment on Chinese territory.

Xi Jinping sees any Japanese move there as an attempt to revive imperialism.



4️⃣ Taiwan: The World's Vault

The dispute goes far beyond past grievances. Taiwan manufactures 90% of the world's cutting-edge chips (TSMC).

Whoever controls the island holds the global economy by the neck—from iPhones to nuclear missiles.

If China takes Taiwan, Japan (and the West) loses its energy and technological security the very next day.




5️⃣ The 30-Minute Ultimatum

The conversation between Xi and Trump was reportedly tense. The Chinese leader spent half an hour listing grievances and demanding that the US control its "vassal."

Xi's argument: Japan is disrupting the world order and needs to return to its place.

If Washington did not act, the bilateral relationship would sour.




6️⃣ The red phone rang in Tokyo

Trump called Takaichi with a "suggestion" that sounded like an order: turn down the volume now.

The American president warned that he would not tolerate Japanese diplomacy ruining the commercial rapprochement he had just brokered with China.




7️⃣ The bill: 12 million tons

This diplomatic "betrayal" cost 12 million tons of soybeans.

That was the volume that China promised to buy from American farmers by the end of the year.

In Trump's calculations, the Midwest harvest is worth a lot.




8️⃣ Live retreat in Parliament

The "shut up" tactic worked.

Under pressure, Takaichi changed her speech today in the Japanese parliament, saying that she "would not go into hypothetical details".




9️⃣ "Cut-Neck" Diplomacy

While the soybean deal was going through, a Chinese diplomat posted on social media that Takaichi "should have his neck cut."

The brutality of the rhetoric shows the magnitude of the risk.

Trump guaranteed agricultural profits, but left Japan exposed to the wolves.

Trump sacrificed Japan to secure Chinese soybean supplies.

Strong profits, billions in funding, and the AI ​​craze are driving the indexes.

However, a phenomenon seen only twice in history is happening.

The challenge now is knowing where to position yourself!

![](https://m.stacker.news/119152)


1️⃣ Revenue Soars and Sustains the Rise

The S&P 500 saw revenue growth of +8.4% in the third quarter—the largest increase since 2022.

And it was broad-based: all 11 sectors represented on the stock exchange rose.

The rally is sustained by profit, not just optimism—and that saved the current perception.

![](https://m.stacker.news/119153)


2️⃣ More money is flowing in strong

In the last two months, equity funds in the US received $160 billion.

The most interesting thing: December, historically the month with the highest inflow of funds of the year, hasn't even shown its full potential yet.

![](https://m.stacker.news/119154)



3️⃣ Institutional investors are almost out of cash

The cash level among global managers has fallen to 3.7% — the lowest level in 15 years.

The big players are already positioned.

It's become a consensus again: cash is trash!

![](https://m.stacker.news/119156)



4️⃣ Risk appetite explodes

Trading in leveraged ETFs reached $26 billion — one of the largest in a decade.

The market not only buys back quickly when it falls, but it also doubles down.

![](https://m.stacker.news/119157)




5️⃣ S&P 3% from top with Fear & Greed at 14/100

While prices are nearing all-time highs, market sentiment remains frozen in "extreme fear."

The biggest distortion between price and sentiment in years.

We don't usually see a bubble in a scenario of such pessimism.

![](https://m.stacker.news/119158)



6️⃣ However, the performance is concentrated in a few.

Despite the strong results across the board, only 158 S&P stocks are beating the index this year—the third-lowest range since 1960.

Most assets are still far from the top.

The rally is real, but selective.

![](https://m.stacker.news/119159)



7️⃣ The foundation of the economy is falling behind

Unemployment among young college graduates (20-24 years old) has already reached 9.2%.

How much of this is influenced by AI remains a question.

The economy is growing, but it's not distributing wealth.

The asset rally doesn't reflect what many people are feeling.

![](https://m.stacker.news/119160)



8️⃣ And the core of employment is shrinking

Sectors outside of leisure, health, and education cut 200,000 jobs in 5 months.

The productive engine of the real economy is losing strength.

![](https://m.stacker.news/119161)



9️⃣ AI companies' credit ratings are starting to crack

Oracle's CDS, for example, has tripled since July.

CoreWeave's has soared to 699 points.

Investors are hedging against a potential disruption in the spending cycle without clearly defined returns.

![](https://m.stacker.news/119163)



1️⃣0️⃣ US debt continues to grow unchecked

$2.1 trillion was added in 2025 alone — an average of $6.5 billion per day.

And the agency created by Elon Musk that oversaw efficiency (DOGE) was deactivated.

The fiscal risk remains, but it has disappeared from the price, becoming a secondary concern.



1️⃣1️⃣ History shows that discomfort pays off.

When the VIX, a volatility index, moved from the 28-33 range, the S&P yielded +16% in the following 12 months.

Above that, +27%.

Current fear has a history of high returns in the long term.

![](https://m.stacker.news/119164)



1️⃣2️⃣ The cycle has turned — but not for everyone

Strong profits, tech leading the way, and capital flowing in.

However, credit is tight, employment is slowing, and many investors remain insecure.

A perfect environment for generating asymmetry.



1️⃣3️⃣ This isn't an easy bull market — it's a market of selection.

The rally is happening. But it requires filtering. It requires analysis. And it requires courage to step outside the average and seek the right side of the asymmetry.

The rally gained traction… But it's not for everyone!

Amidst all this: Alphabet's billion-dollar deal with NATO, the possible release of Nvidia chips to Beijing, and the S&P targeting 7,800 points.

See what's behind the most important movement of the day!

![](https://m.stacker.news/119079)

![](https://m.stacker.news/119080)


1️⃣ Morgan Stanley sees a new AI-led rally

The bank projects the S&P 500 to rise 7,800 points in the next 12 months, driven by artificial intelligence, Big Tech, and productivity.

This would be a jump of more than 1,000 points from current levels.



2️⃣ Corrections open up space for new positions

Morgan Stanley sees the market as poorly positioned and states that moments of weakness should be used to increase exposure.

They predict that flow and profit are still far from their peak.



3️⃣ Tech stocks drive the market in New York

The Nasdaq is up 2.5% today.

Alphabet ($GOOGL) stands out with a 5% increase, nearing a 52-week high and a market capitalization of US$3.8 trillion.

![](https://m.stacker.news/119081)



4️⃣ Alphabet closes strategic deal with NATO

The company secures a major cloud and AI contract with the military alliance, based on its custom chips (TPUs).

This news adds to strong results, Berkshire Hathaway's investment, and growing momentum in AI.




5️⃣ Short week, but full of triggers

The market is operating with lower liquidity due to the Thanksgiving holiday on Thursday (stock exchanges closed) and a shortened trading session on Friday.

But between Tuesday and Wednesday, important data will be released: inflation (PPI and PCE), GDP, retail sales, and consumer confidence.



6️⃣ Fundamentals remain strong in the sector

Companies continue to increase investments.

Profits are revised upwards.

And AI monetization is still only in its early stages — with a growing impact on productivity.



7️⃣ Trump considers allowing Nvidia chips to be exported to China

The government is evaluating allowing Nvidia to export H200 chips, currently banned from the Chinese market.

The company itself is currently projecting zero AI sales to China.



7️⃣ Trump considers allowing Nvidia chips to be exported to China

The government is evaluating allowing Nvidia to export H200 chips, currently banned from the Chinese market.

The company itself is currently projecting zero AI sales to China.



8️⃣ Xi and Trump signal strategic rapprochement

This Monday morning, the two presidents spoke by phone.

Xi Jinping stated that the trade relationship maintains a “positive momentum” and proposed expanding cooperation with the US.



9️⃣ Technology Becomes a Key Piece of Global Diplomacy

The indication that chips could be released soon after the phone call between the leaders doesn't seem like a coincidence.

China seeks to advance in AI, while the US tries to maintain influence over the global technology chain.




🔟 Valuation doesn't yet price in the new cycle

Even with the recent rally, multiples don't reflect the full impact of AI on margins, revenue, and return on capital.

This mismatch could be the next source of repricing.

US markets jump on Big Tech rally, China boost and Morgan Stanley’s bold outlook

This week, the world thought the AI ​​bubble had burst. Until Nvidia's CEO released surreal results, exceeding 51% growth. And according to him, they're only just getting started.

What's even crazier is that few people know about the war between CPUs, GPUs, ASICs, FPGAs, and the new brain of modern AI.

Get ready.

![](https://m.stacker.news/118967)


Nvidia's growth is impressive. Jensen Huang (Nvidia's CEO) revealed that of the recent $57 billion in revenue, no less than $51.2 billion came from data centers.

He clearly stated: Nvidia has visibility into half a trillion dollars in orders for Blackwell and Rubin chips. HALF A TRILLION.

![](https://m.stacker.news/118968)



Today, each Nvidia rack with 72 Blackwell GPUs costs around US$3 million.

The company delivers 1,000 racks per week.

And OpenAI alone has purchased more than 4 million GPUs.

![](https://m.stacker.news/118969)



The GPU has become the new oil of the digital age. It processes thousands of simultaneous operations and has become perfect for training models like GPT, Claude, and Gemini.

But a silent revolution has begun.

The cloud giants (Google, Amazon, Meta, Microsoft) are creating their own chips to reduce costs and break their dependence on Nvidia.

![](https://m.stacker.news/118970)



ASICs are cheaper, more efficient, and up to 50% more energy-efficient. The downside is that they cannot be reprogrammed.

They are surgical and extremely fast, but specialized. Whereas GPUs are like Swiss Army knives, with multiple functions.

![](https://m.stacker.news/118971)



Google was the pioneer. It launched TPU in 2015 and is now in its seventh generation with the Ironwood chip.

Anthropic trains Claude on over ONE MILLION TPUs. Some experts claim that TPUs match or surpass Nvidia in specific workloads.

![](https://m.stacker.news/118972)



AWS (from Amazon) responded with Inferentia for inference and Trainium for training. In Anthropic's data centers, more than 500,000 Trainium2 chips are already operating without any Nvidia GPUs.

AWS estimates up to a 40% advantage in cost-performance.

![](https://m.stacker.news/118973)



Meta created its own chip in 2023. Microsoft is working on the Maia chip for Azure, but is facing delays. Tesla is developing ASICs for autonomous vehicles. Broadcom has become the world's largest manufacturer of custom chips.

In other words, the competition is fierce.

![](https://m.stacker.news/118974)



Behind all these chips lies a single invisible force: TSMC of Taiwan.

It manufactures Nvidia Blackwell, Google TPU, Amazon Trainium, Apple M-series, and Qualcomm Snapdragon.

Taiwan has become the epicenter of the 21st-century economy.

![](https://m.stacker.news/118975)



The battle is not just technological.
It's geopolitical. With the risk of a Chinese invasion of Taiwan. The United States is funding new factories in Arizona. China is accelerating its own chip production, but is suffering from restrictions.

And the biggest limitation isn't silicon.

It's energy to power colossal data centers.

![](https://m.stacker.news/118976)

The Week AI Shook Things — and Nvidia Showed Who's Boss

Stealth jets, nuclear energy, mutual defense, and a trillion-dollar promise.

Trump and MBS have just sealed a cooperation package that could reshape the global geopolitical balance!

![](https://m.stacker.news/118440)


1️⃣ The Crown Prince was received with a red carpet in Washington.

This is his first visit to the US since the assassination of Jamal Khashoggi in 2018.

Despite the controversies, the meeting with Trump resulted in new defense agreements, plans for civilian nuclear power plants, and—most dramatically—a jump in Saudi investments to $1 trillion.

![](https://m.stacker.news/118441)


2️⃣ The detailed agreement:

• Defense: bilateral pact signed
• Energy: discussions for cooperation in civilian nuclear programs
• Aviation: negotiations for the sale of up to 48 F-35 fighter jets
• Investment: increase in the Saudi pledge from US$600 billion to US$1 trillion in the US



3️⃣ That number alone would be noteworthy.

The pledge is equivalent to almost the entire Saudi GDP of 2023 (US$1.07 trillion).

According to the White House, it's a sign of "growing confidence in American leadership under Trump."

But there are no deadlines or sectors specified—it's a political commitment.



4️⃣ The most sensitive point: the F-35 fighter jets

Israel is currently the only country in the Middle East authorized to operate the most advanced jet in the American arsenal.

Releasing F-35s to Saudi Arabia would be a milestone—and also a geopolitical risk.

The IDF has expressed discomfort with the possibility.

![](https://m.stacker.news/118442)




5️⃣ Trump, as usual, ignored the warnings.

He said that “both Israel and Saudi Arabia are great allies” and that both deserve “state-of-the-art equipment.”

He was direct: “We will sell the F-35s.”




6️⃣ Congress could block the plan

Even with White House support, the Legislature has the final say — and there are laws that obligate the US to guarantee Israel's qualitative military advantage in the region.

This may require adjustments, longer deadlines, or diplomatic concessions.





7️⃣ Another point of attention: Israel and Saudi Arabia have not yet formally recognized each other.

For many analysts, the sale of F-35s should be conditional on Saudi Arabia joining the Abraham Accords.

In other words: normalizing relations with Israel before receiving advanced weaponry.




8️⃣ So the agreement is just theater?

No. But it's not a signed check for $1 trillion either.

There is strategic alignment, political interest on both sides, and clear signs of a lasting partnership.

What's still missing is the operational part: timeline, contracts, and reciprocal obligations.



9️⃣ What this movement reveals

• The US is reaffirming its alliance with Saudi Arabia despite international friction

• Trump signals he is willing to break taboos (such as the informal veto on F-35s) to consolidate influence

• MBS gains international recognition and paves the way to attract more technology and capital

The massive $1 trillion deal between the United States and Saudi Arabia.

Tech companies losing momentum, Buffett rotating his portfolio, Amazon issuing debt, and technical support breaking down.

If everything seemed under control, this week's signs tell a different story!

![](https://m.stacker.news/118140)

![](https://m.stacker.news/118142)


2️⃣ S&P and Nasdaq break through the 50-day moving average after 138 trading days above average.

It was the most significant breakout since May.

Dow Jones fell 557 points in 3 days — the worst streak since April.

The technical structure that supported the rally collapsed.

![](https://m.stacker.news/118143)



3️⃣ Amazon issues $15 billion in debt and reignites warnings about the cost of the new phase of AI

The market interpreted this as a sign that growth continues — but it's not getting cheaper.

Capex now depends on bonds.

And the more capital they raise, the more uncertain the returns become.

![](https://m.stacker.news/118145)



4️⃣ Buffett rotates: buys Alphabet and reduces Apple

GOOGL rose 3.1% after Berkshire's announcement.

Apple fell 1.8%.

The focus of the movement: valuation.

It was practically the only thing to salvage in the session.

![](https://m.stacker.news/118146)



5️⃣ AI Stocks Begin to Give Back Some of the 2025 Rally

Today Only:

• Nvidia -1.88%
• AMD -2.55%
• Super Micro -6.37%
• CoreWeave -2.62%
• Oracle -1.34%
• Meta -1.22%

The correction remains modest compared to the accumulated gains — but the movement is beginning to expand.



6️⃣ Rally participation plummets — revealing the fragility of the rally

• Only 25% of S&P groups remain above the 10-week moving average

• 44% of stocks outperform the 50-day moving average

The rally was concentrated in the hands of a few.

![](https://m.stacker.news/118152)



7️⃣ Shutdown delayed data and increased uncertainty about the Fed

Without updated indicators, the market is in the dark.

The yield curve implies a 66% chance of a rate cut by January — but without conviction.

December is no longer a consensus.

The risk of error has increased.



8️⃣ Liquidations total US$4.5 billion this week — US$1 billion in 24 hours

Some large positions were forced to close.

Coinbase fell 7% on the day.

(Micro)Strategy falls more than 40% this year.

Technical pressure is starting to cascade.

![](https://m.stacker.news/118153)

Has the rally started to crack?

tech

Beijing has created an optical chip that breaks the limits of classical computing, capable of solving complex problems a thousand times faster than classical chips.

And it's already being used in AI, finance, biomedicine, and defense!

(Source: South China Morning Post)

![](https://m.stacker.news/117854)


1️⃣ A quantum chip made of light

China has created a photonic quantum chip — which uses light particles (photons) instead of electricity to process data.

The speed gain is massive. And energy consumption plummets. Ideal for AI, chemistry, networks, and banking.

![](https://m.stacker.news/117855)



2️⃣ Global Recognition on the Internet's Biggest Stage

The chip won the Leading Technology award at the World Internet Conference 2025, beating out 400 projects from 34 countries.

This is the first sign that the era of photonic computing has arrived.

![](https://m.stacker.news/117856)



3️⃣ The names behind the revolution

Developed by:

- CHIPX, from Shanghai Jiao Tong University
- Turing Quantum, a Chinese deep tech startup

According to Professor Jin Xianmin, it is the world's first chip with total integration between photons and electronic circuits.




4️⃣ From lab to industry in record time

China is already operating a pilot line producing 12,000 wafers per year, each generating up to 350 chips.

According to the creators, this is the first time an optical quantum computer has become an industrial product.



5️⃣ Integrated Production: From Design to Final System

CHIPX closed the entire production cycle:

✔️ Design
✔️ Manufacturing
✔️ Packaging
✔️ Testing
✔️ Systems Integration

The goal is to accelerate adoption in AI, defense, and supercomputing.



6️⃣ Brutal Miniaturization: 1,000 Optical Components in 15 cm

The chip fits on a 15 cm wafer and incorporates over 1,000 optical components.

The design already allows scaling to 1 million qubits, a level necessary for quantum supremacy.




7️⃣ Engineering 10x Faster

The advancement is also in development time.

Projects that used to take 6 months are now completed in 2 weeks.

A 10x leap in engineering speed, according to the university.




8️⃣ Why do photonic chips matter so much?

They process data with light — using the color, frequency, and timing of photons.

Advantages:

- Faster
- Consumes less energy
- Ideal for AI, 5G/6G, finance, and quantum computing



9️⃣ The manufacturing barrier is beginning to fall

The material used — lithium niobate — is sensitive and difficult to work with.

But China is already able to produce it stably.

The next goal is to scale up to 8-inch wafers.



🔟 The new arms race is photonic

- Netherlands: SMART Photonics works with 4” wafers
- USA: PsiQuantum develops with 300 mm wafers
- China: already produces with 6” wafers and wants to scale up to 8”

The global competition now takes place like this.




1️⃣1️⃣ The yearning for better chips

The explosion of AI demands more computing power than classic chips can offer.

Photonic chips are the key to supporting larger, faster, and more efficient models.



1️⃣2️⃣ China Aims for Quantum Leadership with a Military Focus

The chip is not just innovation — it's a national strategy.

With it, China advances in the race for digital sovereignty, advanced artificial intelligence, and dominance in warfare and surveillance applications.

China unveils quantum chip 1,000x faster than Nvidia GPUs.

Heads of state, market icons, tech legends, and vital statistics are disappearing before our eyes.

It's not a coincidence.

It's a cyclical shift.

And it has already begun!

![](https://m.stacker.news/117765)


1️⃣ Apple is already preparing for Tim Cook's succession

According to the Financial Times, Apple's CEO is expected to leave his post in early 2026.

John Ternus, VP of hardware engineering, is the favorite.

Cook multiplied Apple's value by 11 in 14 years.

And he is already preparing the transition behind the scenes.

![](https://m.stacker.news/117766)



2️⃣ Buffett abandons his annual letter

Warren Buffett, 95, confirmed that he will no longer write Berkshire Hathaway's traditional letter.

Furthermore, the transition as CEO is complete.

For six decades, it has shaped the thinking of investors worldwide.

Now, the biggest name in the market will stop speaking.

![](https://m.stacker.news/117767)



3️⃣ Michael Burry closes Scion Asset Management

The manager who predicted the 2008 crisis officially notified the SEC of the fund's closure.

Burry returned clients' money and ended external activities.
He exits the game at a time when risk is rising again.

He had just announced huge short positions in Nvidia and Palantir.

![](https://m.stacker.news/117769)



4️⃣ Nancy Pelosi is leaving Congress

One of the most influential representatives in modern American politics has announced that she will not seek re-election.

Nearly 40 years in office.

She was Speaker of the House twice.

Her stock portfolio outperformed top managers, always keeping an eye on the inner workings of power.

![](https://m.stacker.news/117770)



5️⃣ The payroll data has disappeared and will not be released.

The US government has admitted that October's employment data may never be released.

The shutdown paralyzed the system—and the most important number for the economy was simply lost at a time when the Fed's main dilemma is divided between a weakening labor market and persistent inflation.

![](https://m.stacker.news/117771)



6️⃣ Bitcoin plummets and loses the $100,000 mark

After renewing highs in 2025, BTC fell below six digits.

Negative flow in ETFs, risk reduction, pressure on illiquid assets.

Optimism turned to concern faster than expected.

![](https://m.stacker.news/117772)



7️⃣ Verizon confirms 15,000 layoffs

One of the largest operators in the US will cut 15,000 employees.

This is the company's largest workforce reduction in over a decade.

This move complements a series of announcements from other giants, either of cuts or job freezes.

![](https://m.stacker.news/117773)



8️⃣ Nothing explodes. But everything changes.

The market doesn't collapse overnight.

It changes gradually.

And when you realize it, the standard structure is no longer there.

A generation in power is leaving the scene.

Berkshire reduced its largest historical position in the third quarter and, at the same time, entered Alphabet with almost 18 million shares.

This is the first time Google has entered the portfolio—and it happens exactly as Buffett prepares to exit and Greg Abel takes the wheel.

![](https://m.stacker.news/117636)



1️⃣ Apple becomes a “source of cash” — no longer a source of conviction

Buffett began reducing Apple's holdings in 2023, and the move turned into a strategy with significant cuts.

The stock ceased being untouchable a long time ago.

It became liquidity to reposition the portfolio at a critical moment in the succession process.




2️⃣ Google enters as a new structural bet

Berkshire bought 17.8 million shares of Alphabet.

It's the first entry in history — and it's not a small one.

Alphabet grew 16% in the quarter, accelerated its AI cycle, and traded at multiples much lower than Apple.

It's the "cheap" tech giant.




3️⃣ Greg Abel's signature is already appearing in the portfolio

Buffett remains the face of the company, but the portfolio style has changed.

Entering Google — after decades of avoiding it — and dismantling Apple more aggressively is in the DNA of the new management.

Less attachment, more pragmatism.

Succession is happening in practice.



4️⃣ Berkshire accelerates turnover and unwinds other positions

It was the 12th consecutive quarter of net sales.

US$12.5 billion went out; US$6.4 billion came in.

Reduction in Bank of America.
Complete exit from D.R. Horton.
Reinforcement in insurance companies like Chubb.

And for the fifth consecutive time, no repurchases of its own shares.



5️⃣ Google surges this year — Apple stagnates

Alphabet is up more than 45% by 2025.
Apple only 9%.
Berkshire rises 12%, below the S&P.

The rotation makes sense: performance has changed, the cycle has changed, and so has leadership.



These moves by Berkshire are not just a curiosity — they say a lot about valuation, the cycle, and what's coming next.

Buffett swaps Apple for Google at a key moment in the succession process.

According to Beijing, Washington orchestrated a massive hacking operation against a Chinese mining pool.

The value today exceeds US$13 billion.

The details are astonishing!

![](https://m.stacker.news/117174)



1️⃣ One of the biggest Bitcoin thefts in history

The target was LuBian, once one of the world's largest mining operations.

According to the Chinese cybersecurity agency, 127,272 BTC were stolen in December 2020 in an attack allegedly orchestrated by American state-sponsored hackers.

![](https://m.stacker.news/117175)




2️⃣ Bitcoin Movement Reveals the Alleged Profile of the Hacker

China claims that the BTCs remained stagnant for a long time and only began to move discreetly, without rapid liquidations or traces of resale.

For Beijing, this behavior is typical of covert government operations, not common criminals.




3️⃣ US says assets were confiscated from a Cambodian businessman

Last month, the Department of Justice announced the largest crypto seizure in history: exactly 127,271 Bitcoins.

They are allegedly linked to Chen Zhi of the Prince Group, accused of fraud and money laundering in NY.

![](https://m.stacker.news/117176)




4️⃣ According to the US, Chen laundered money using crypto mining

The indictment states that Chen and his associates used illicit funds to finance large-scale operations — including LuBian itself.

Prosecutors claim that LuBian's wallets received crypto from external sources, unrelated to mining.




5️⃣ But China claims the US stole these assets — and only then fabricated a narrative.

The Chinese report states that Washington hacked the wallets in 2020, then used Chen's evidence as retroactive justification to confiscate the Bitcoins.

The description: “bandit against bandit”.




6️⃣ Tensions Go Beyond Crypto

Beijing has escalated its rhetoric against the US over alleged cyberattacks.

Among the most recent accusations:

– attack on Microsoft Exchange servers
– espionage against China's weather services center
– surveillance of private companies



7️⃣ Chen is free — and trying to reverse the confiscation

His lawyers have asked the American court for more time to trace the Bitcoins and prove that the seizure was improper.

They describe the accusation as "seriously mistaken" and state that they are gathering experts to contest the case.

China accuses the US of stealing 127,000 Bitcoins in a state-sponsored attack!

At 95 years old, he announced that he will stop writing Berkshire's annual letters and that Greg Abel will take over at the end of the year.

But his last letter is not just a goodbye.

It's a testament to his life.

![](https://m.stacker.news/116775)



2. “I’m leaving. Sort of.”

Buffett begins by saying he will stop writing letters and holding annual meetings, but will continue writing Thanksgiving messages—for his children and shareholders.

And he asks the audience to join him in three reflections:
• A little memory
• What he will do with the stocks
• And what he has learned from life



3. Escaping Death at Age 8.

In 1938, he had an abdominal crisis. The doctor thought it was temporary, but something wouldn't leave him alone.

Buffett underwent emergency appendicitis surgery—and survived.

During his recovery, he befriended the nuns.

And he devised a fantastical plan to…
collect their fingerprints.



4. The obsession with fingerprints

He thought that if a nun committed a crime, the FBI would have her collection as the only source.

Later, he realized that the real risk was the FBI director: J. Edgar Hoover.

“I should have filed him too.”




5. A tribute to Omaha.

Buffett remembers childhood friends, like Charlie Munger, who lived a block away—but only met him when he was 28.

He talks about the house where he still lives today.

About the neighbors who became legends (Stan Lipsey, Don Keough, Walter Scott).

And about the improbable encounters that only chance can explain.




6. “Is there something in the water in Omaha?”

Even Ajit Jain (born in India) and Greg Abel (born in Canada) lived there.

Buffett says he had the chance to live in New York with Ben Graham, but returned to Nebraska in 1956. And never left again.

It was in Omaha that he met his wives.

Raised his children.

And built the Berkshire empire.



7. “I pulled the longest straw in the world.”

Buffett speaks with brutal frankness about luck:

“I was born a man, white, American, healthy, and reasonably intelligent in 1930.” All attributes that were advantageous in the corporate world at that time.

He says his sisters were more intelligent and had better personalities—but had fewer opportunities.




8. Old age came late. But it arrived.

He says he still works 5 days a week.

But he already feels the weight of age: balance, vision, memory.

And the constant presence of "Mr. Time"—who conquers all.

Even so, he says he has never felt so good about his own life.




9. It's time to accelerate the donations.

His three children are 72, 70, and 67 years old.

And Buffett wants to ensure they can donate their entire inherited fortune during their lifetime.

Therefore, he will increase the contributions to family foundations.

But he will retain shares until Greg Abel gains the complete trust of the market.




10. “They don’t need to be perfect. Just better than the government.”

Buffett doesn’t expect miracles from his children.

But he wants them to do better than the average public and private initiative.

And he reminds us that poorly done philanthropy also destroys value:

“I’ve seen many mistakes made by politicians, heirs, and eccentric donors.”




11. And he leaves a rare warning about succession.

Buffett reinforces that Greg Abel is the right person to lead Berkshire — perhaps for decades.

But he warns:
• He has seen brilliant CEOs lose their lucidity
• He himself failed by not acting quickly
• The board needs to be attentive to signs of neurodegenerative diseases




12. He also makes a sharp critique of the compensation system.

The attempt to expose CEO salaries only generated more greed.

Buffett says the effect was the opposite:

• A company's CEO started demanding more because a rival was earning more.
• Boards increased their own salaries.
• And no consultant suggested cuts.

“It is envy, not moderation, that has driven the system.”




13. And he speaks clearly about the company's future.

• Berkshire should outperform
• But its size limits growth
• On the other hand, the risk of collapse is very low
• And the managers have no ambition to create dynasties or flaunt wealth




14. The stock price could fall by 50%. And that's okay.

It's happened three times in the last 60 years.

And he reinforces: Berkshire will remain aligned with its shareholders.

Without depending on the government.

Without becoming a hostage to moral hazard.

And without deviating from what built the empire.




15. The last piece of advice is human.

Buffett says he feels better in the second half of his life than in the first.

He made many mistakes, but learned from his friends.

And he leaves three phrases as his testament:

• The cleaning lady is worth as much as the CEO.

• The golden rule is unsurpassed.

• And kindness is free—but it's worth everything.





16. “Yes, even the jerks: it’s never too late to change.”

Buffett concludes by wishing a Happy Thanksgiving even to the ungrateful.

And he reminds us that, however imperfect it may be,

America still offers the greatest opportunities.

The letter is his farewell. But also his last reminder:

“You will never be perfect, but you can always be better.”

Warren Buffett is saying goodbye.

The allegations involve accounting distortions, inflated profits, and servers with artificially extended lifespans.

The estimate: more than US$176 billion in "phantom profits" by 2028.

He even promised to release worse details on November 25th!

Is this the age of artificial intelligence or artificial accounting?

![](https://m.stacker.news/116724)



1. One of the most common frauds of the modern era

Michael Burry wrote:
“Understating depreciation by extending the useful life of assets artificially boosts earnings — one of the more common frauds of the modern era.”

In other words: companies are manipulating results by extending, on paper, the useful life of assets — just to reduce depreciation and inflate accounting profit.

![](https://m.stacker.news/116725)



2. Nvidia Chips Are the Epicenter of the Distortion

He accuses tech giants of applying this accounting trick specifically to Nvidia chips and servers—even though these are pieces of equipment with a 2-3 year lifecycle.

On the balance sheet, they appear as if they last much longer.

This is the move that reduces depreciation and inflates accounting profit in the short term.

![](https://m.stacker.news/116726)



3. Spending explodes, but accounting doesn't keep up

"Heavy investment in chips and servers with a 2-3 year lifecycle shouldn't lead to extending the accounting lifespan of these assets."

But that's exactly what's happening, according to Burry.




4. All the big cloud companies are doing this

“But that’s exactly what all the hyperscalers did.”

Companies like Amazon, Microsoft, Oracle, and Meta are allegedly distorting their balance sheets by underestimating the wear and tear rate of the servers they bought for AI.




5. The size of the bomb: $176 billion by 2028

Burry estimates that, between 2026 and 2028, these companies will underestimate $176 billion in depreciation.

This is money that should appear as a cost—but disappears from the result, artificially inflating profits.




6. Meta and Oracle Lead the Way in Inflated Profits

He projects that, by 2028:
• Oracle ($ORCL) will have profits 26.9% higher than it should
• Meta ($META), 20.8% above reality

“But it gets worse. More details on November 25th.”




7. He's sold — and with very clear targets.

Days before making this accusation, Burry revealed that he bought put options against Nvidia and Palantir.

In other words: he's betting directly against stocks linked to the AI ​​boom.




8. Jim Chanos and others have been warning about this.

Burry is not alone. Other short sellers have also been criticizing these practices, saying that some companies are using leasing and off-balance sheet structures to hide part of their infrastructure investments.

![](https://m.stacker.news/116727)




9. The AI ​​bubble may be being inflated in Excel

With the market euphoric, any extra profit is worth billions in market value.

But if profits are artificially inflated by accounting tricks, the risk goes far beyond stretched valuation—it's a distortion at the very foundation of the narrative.

Michael Burry accuses Big Tech of billion-dollar fraud involving Nvidia chips.

The American president has just announced a "tariff dividend" funded by what the US has been collecting through trade with other countries.

Stimulus checks are officially back — along with various measures to increase liquidity — but with a new nationalist veneer.

![](https://m.stacker.news/116392)



1. In a post on Truth Social, Trump stated:

“We are raising trillions of dollars and we will begin paying off our $37 trillion debt.

A dividend of at least $2,000 per person will be paid—except to the wealthiest.”

![](https://m.stacker.news/116393)



2- He called the measure a “Tariff Dividend” — a new type of economic stimulus funded by import tariffs, not by issuing debt.

Trump wants to transform tariff revenue into direct benefits for the American population.




3- Trump also attacked critics of the tariffs:

“Anyone who opposes tariffs is an IDIOT!

Now we are the richest and most respected country in the world, with low inflation and stocks at all-time highs.”



4- According to the announcement, the minimum fee will be US$2,000 per person, funded with the nearly US$200 billion collected in fees in 2025.

There will be no fee for those in the highest income bracket.




5- In practice, this is a new round of stimulus checks—like those from the pandemic. But now with a protectionist slant: the money comes from foreign countries, via tariffs.

This is coupled with other economic stimulus measures, such as interest rate cuts, the end of QT, and deregulation of the financial sector, while inflation remains above target.




6- The proposal reinforces the "Trumpomics" style: economic populism, direct stimulus to the population, and confrontation with trade rivals.

For him, tariffs are not a cost—they are a source of revenue that can finance social programs without affecting domestic taxes.




7- This stimulus costs at least US$400 billion (US$2,000 x 200 million Americans)

The question that remains is: will the expenditure really be double what will be collected in the year?

How does this lead to debt reduction?