Amit Agarwal

Tech Stocks in Bear Market Territory: 1. SanDisk, $SNDK: -66% 2. Arm Holdings, $ARM: -64% 3. Coinbase, $COIN: -63% 4. Nebius, $NBIS: -62% 5. Seagate, $STX: -60% 6. Marvell Technology, $MRVL: -59% 7. ServiceNow, $NOW: -57% 8. Oracle, $ORCL: -56% 9. AppLovin, $APP: -54% 10. Circle, $CRCL: -54% 11. Super Micro Computer, $SMCI: -51% 12. Micron, $MU: -48% 13. Dell, $DELL: -47% 14. SpaceX, $SPCX: -47% 15. Qualcomm, $QCOM: -43% 16. Broadcom, $AVGO: -41% 17. AMD, $AMD: -39% 18. Robinhood, $HOOD: -38% 19. Alphabet, $GOOGL: -32% 20. Tesla, $TSLA: -32% 21. Palantir, $PLTR: -28% 22. TSMC, $TSM: -28% 23. Meta, $META: -26% 24. CrowdStrike, $CRWD: -26% 25. Nvidia, $NVDA: -25% The S&P 500 has now erased -$4 trillion in market cap since October 6th.

Business Updates from Banks are quite good. After New measures by RBI, Business of Banks may Grow rapidly. Credit Growth Deposits Growth CASA Bank doing well on Almost all parameters

This week may be most brutal one for the investors. Crazy Panic all around. Stay Calm friends If have Money keep shopping list Ready & start building PF with strong Cos. If don’t have liquidity than don’t stay at Markets, Spend quality time with Family & Friends.

🚨 BREAKING: Hackers are hitting banks in 7 countries at the same time. This is what Covid looked like in week 1. A few countries. Small numbers. Nobody called it a crisis. 1/ South Korea: hackers used a Chinese AI tool to break into at least 7 financial firms. 68,000 people's data stolen. 16 firms breached by mid-October. This week Daishin Securities reported 38,490 customers' data leaked, bank account numbers included. 2/ Latin America: one gang ran AI agents built on Claude, Grok and Kimi against 400+ targets, banks and payment firms included. They stole passwords and got into customer bank accounts. 3/ Italy: a fake WhatsApp from "the CEO" and an AI-cloned voice got Intesa Sanpaolo's private bank to send out €95 million. €36 million is still MISSING, turned into crypto. 4/ India: small lenders lost ₹300 crore (about $31 million) in 2 months. 150 cases. Hackers copied bank logins and sent the money out as fake loans. One firm was hit twice. 5/ Crypto: $351 million drained from Bitget's hot wallets. North Korean hackers are suspected. 6/ Japan: hackers hit GMO Internet's currency trading service and demanded $50 million in crypto. The prime minister promised an emergency anti-cyberattack package. 7/ Australia: the regulator warns AI attacks put more than A$4.5 trillion in retirement savings in the firing line. Government cyber alerts jumped 80% in a year. Now zoom out. AI hacking tools are now easy to get. Smaller firms have weak security. The money moves in minutes. It jumps across banks, through rented accounts, out as cash or crypto. The bosses are often abroad. Covid locked the streets. Nobody is calling this a crisis yet. But the central banks already plan for the day the hackers get in. The G7 agreed to run drills that simulate AI attacks on banks. The ECB reportedly gave eurozone banks 4 months to hand in their defence plans. If your savings sit in a bank, hit follow. I'm tracking where the hackers strike next and how much they take.

BREAKING: Estimated $5.7 billion stolen in hack of world's largest exchange Binance

Indian 155mm artillery shells cost $300 to $400 per unit, European equivalents run close to $3,000 When critics question Indian defense quality, they miss that 13 Eastern European NATO members already placed orders worth $872 million in under 2 years. Europe burned through ammunition stockpiles supplying Ukraine and found domestic factories cannot scale at those prices. Cost gap is not marginal, it is 8x :) Countries paying 8x more for same caliber shells while facing active security threats will keep switching suppliers regardless of old alliances. Before 2022, India ranked 28th among arms suppliers to Eastern Europe. By 2026, India moved to 2nd position. When people say India has no defense brand in Europe, they cite rankings that became irrelevant within 4 years. Exports to European buyers rose 1,600% from prewar levels of $49.2 million annually. Countries that never imported Indian defense equipment now place regular orders for ammunition and spare parts. Traditional Western exporters spent decades building those procurement lanes. India bypassed all of it with lower prices and faster delivery. Private companies now account for 45% of Indian defense exports. When people say Indian manufacturing is government controlled, they miss that private sector doubled its defense production share in under 5 years. India exported $4.1 billion in defense goods last fiscal year. Nifty India Defence index gained 21.3% this year while Nifty 50 fell 8%. Markets do not give that kind of divergence to sectors running on hype. Capital markets now price Indian defense manufacturers separately from broader market trends, treating them as standalone investment category.

China's gov't has been buying $2.5b/day in equity ETFs since July to try and prop up market after AI slump. What's wild is China typically only sees about $218m/day in ETF flows = the govt is 10x the average. It would be like if the US Treasury bought $100b/day in ETFs here. Great note on the 'natty team' today from @RebeccaSin_SK @JackiWang17 on BI ETF<GO>.

Only Mukesh Ambani can bring US-India Trade Deal for India. Only Reliance can solve the Pain point of US. Need to have sharp eye 👁️