Fogi70

Nvidia's board is investigating its own CEO 🕵️ The $NVDA board said on Sunday it is looking into whether Jensen Huang was the target of a foreign intelligence effort. Earlier that day Huang told staff he had been unfaithful to his wife and said he would cooperate fully. Last month the New York Times reported that US officials believe Alice Huang, an executive at Megaspeed, was a Chinese intelligence asset who had developed a relationship with him. Nvidia was down about 5% before the US open, near $178. That wipes roughly $190 billion off Friday's value. The stock had already dropped 10% on Thursday in the election selloff and now sits about 26% under its 5 October high of $240. Huang runs Nvidia hands-on, with dozens of direct reports, and many investors see him as the face of AI. Trump has already said he should stay CEO, but a board investigation runs on its own timeline, and the market hates not knowing who will lead the company in six months. I do not hold Nvidia. My AI chip exposure is Broadcom, which I added to on Friday, and CoreWeave, which rents out Nvidia GPUs. 👉 Broadcom average $331.07, now about $298 (-10%) 👉 CoreWeave bought at $63.06, now about $44.63 (-29%) Would you sell Nvidia over a CEO scandal, or is the business bigger than one man? 💚 I’m Gabor - I Don’t Work for Money, Money Works for Me💰 🔄eToro’s CopyTrader feature lets you automatically mirror my Strategy 🚀 Gabor Fogarasi @fogi70 eToro Pro Popular Investor 🏦 CISI Level 3 Investment Certification med.etoro.com/B22386_A123282… Sign up to eToro to Copy my trades! Your capital is at risk!

Kazakhstan put $100M 🏦 into crypto funds, not a token pile Bloomberg reported that Kazakhstan’s government deployed about $100 million of sovereign capital into external cryptocurrency funds. A central bank operations head named Brevan Howard Digital and Ege DeFi among the managers, and also cited about $90 million in bitcoin-focused ETFs, according to Galaxy’s write-up of the Almaty remarks. This is not a stack of spot tokens sitting on a government balance sheet. The money is going through professional managers for liquid strategies, venture-style equity and yield. That matches earlier guidance from the National Bank side, which preferred funds and ETFs over buying coins directly. Kazakhstan has been building this path for a while. The Alem Fund launched in 2025. Officials have talked about hundreds of millions more in crypto-linked reserve allocations. Mining, a tenge-backed stablecoin and seized-coin reserves sit alongside the fund investments. While Washington argues over hearings and market-structure bills, an emerging-market sovereign is already writing cheques to managers. I hold $BTC at an average of about $78,111. Sovereign and wealth-platform buying is the quiet bid under the noise from leveraged traders. Does state money via funds make bitcoin feel more institutional to you, or still too political? 💚 I’m Gabor - I Don’t Work for Money, Money Works for Me💰 🔄eToro’s CopyTrader feature lets you automatically mirror my Strategy 🚀 Gabor Fogarasi @fogi70 eToro Pro Popular Investor 🏦 CISI Level 3 Investment Certification med.etoro.com/B22386_A123282… Sign up to eToro to Copy my trades! Your capital is at risk!

Is this the big one? 📉 Four signs I am watching after Thursday's AI sell-off One day after the midterm blue wave, the AI trade finally broke. On Thursday the Nasdaq fell 5.5% and closed at its low of the day. Micron dropped 16%, Nvidia almost 10%, and even staples like Walmart and Coca-Cola ended in the red. The selling was not new, though. Big chip stocks peaked in early October, memory names in June, and data center industrials have been sliding since May. The election sped up a move that was already under way. Credit markets are still picking carefully. The cost of insuring CoreWeave debt jumped 127 basis points to 12.89% a year. SpaceX insurance rose to a record 287bp. Microsoft, Amazon and Google barely moved. 👉 I feel this one personally. CoreWeave is about 26% below my $63.06 entry. My SpaceX position is about 40% under my $219.41 average. Meta is still about 15% up, and Google about 14% down. Both CoreWeave and SpaceX bounced on Friday, but one green day changes nothing. I am watching four things. Does selling spread outside tech? Does the economy start to weaken? Do AI leaders cancel capital plans, like an Anthropic listing? Do bond yields fall sharply? If all four answers are no, I see this as a reset, not a crash. Are you buying this dip or waiting? 💚 I’m Gabor - I Don’t Work for Money, Money Works for Me💰 🔄eToro’s CopyTrader feature lets you automatically mirror my Strategy 🚀 Gabor Fogarasi @fogi70 eToro Pro Popular Investor 🏦 CISI Level 3 Investment Certification med.etoro.com/B22386_A123282… Sign up to eToro to Copy my trades! Your capital is at risk!

Tesla will wind down the Cybertruck 🛻 in mid-2027 Elon Musk said $TSLA will stop Cybertruck production at Gigafactory Texas around the middle of next year. The freed-up space goes to the Cybercab robotaxi. Wes Morrill, Tesla's Cybertruck lead engineer, called the truck a technology platform that lives on through Cybercab. Musk once aimed for 250,000 Cybertrucks a year. Cox Automotive says Tesla sold about 20,000 last year and has shipped around 16,000 so far in 2026. More than a million people reserved one before launch, but the price and the stainless-steel design kept most buyers away. SpaceX was one of the biggest customers, buying $131 million of Cybertrucks last year as support vehicles. Tesla already stopped the Model S and Model X earlier this year to free factory space for Optimus. The company is pushing robotaxis in Texas and Florida, and its board is still weighing a possible merger with SpaceX. I do not hold Tesla. I do hold SpaceX. I bought at $219.41 and it trades near $130, about a 41% loss. Thursday's 11% drop in Tesla and 9% drop in SpaceX came with the broader AI selloff. 👉 SpaceX bought at $219.41, now about -41% Does killing the Cybertruck make Tesla a robotaxi bet, or does it just admit the truck failed? 💚 I’m Gabor - I Don’t Work for Money, Money Works for Me💰 🔄eToro’s CopyTrader feature lets you automatically mirror my Strategy 🚀 Gabor Fogarasi @fogi70 eToro Pro Popular Investor 🏦 CISI Level 3 Investment Certification med.etoro.com/B22386_A123282… Sign up to eToro to Copy my trades! Your capital is at risk!

Musk Wants to Gift SpaceX Stock 🚀 to Every American Kid Elon Musk said he will give one of his $SPCX shares to every child in the US next year. At recent prices that gift is worth around $10 billion across roughly 70 million kids, and the White House says it would land in Trump Accounts. SpaceX president Gwynne Shotwell had already pledged shares into the same program. Families generally cannot refuse gifted stock in those accounts, and selling early is tightly limited. In the same news cycle Tesla showed a next-generation Roadster with SpaceX cold-gas thrusters that can loft the car and roll it in the air. Consumer production is aimed at 2028. The flying demo is invitation-only theater for now. The stock gift is the bigger retail story, because it turns SpaceX ownership into a political and household topic overnight. SpaceX already has large Pentagon satellite contracts. A mass retail float of shares into kids' accounts would add a huge new shareholder base that cannot easily sell for years. That supports the narrative of long-term holders. It does not fix near-term price risk. I hold SpaceX. My average open is about $219.41 and the shares trade near $126.60 today, so I am down roughly 42%. I like the long-term space and defense story. I am not pretending a gift headline repairs my cost basis. If the Trump Account distribution actually happens in 2027, watch whether listed supply and lockups change how the stock trades. 💚 I’m Gabor - I Don’t Work for Money, Money Works for Me💰 🔄eToro’s CopyTrader feature lets you automatically mirror my Strategy 🚀 Gabor Fogarasi @fogi70 eToro Pro Popular Investor 🏦 CISI Level 3 Investment Certification med.etoro.com/B22386_A123282… Sign up to eToro to Copy my trades! Your capital is at risk!

Anthropic sold $17 billion of AI in one quarter 📄 and I read the money part Last week I wrote that I wanted to read the money section of Anthropic's IPO filing before adding. On Monday the company filed an updated version with its third quarter numbers. Revenue was $16.96 billion in the three months to September, about 12 times the same quarter last year. Growth is slowing, though: up 47% from the second quarter, after 144% the quarter before. The net loss was $23.3 billion, down from $66.3 billion in the second quarter. That looks huge, but $21.9 billion of it came from changes in the value of convertible notes and similar securities, which go up as the company's valuation goes up. No cash left the business for that. The operating loss, the real cost of running the company, was $567 million, after a $974 million profit in the second quarter. Compute costs rose 77% in one quarter to $9.9 billion. The number that worries me more is $895 billion. That is how much Anthropic has committed to spend on compute and data centres, mostly with Amazon and Google. Building that capacity takes borrowed money. On Monday Oracle fell 9% after announcing another $20 billion of bond and share sales to fund AI data centres. I hold ANT.24-7, eToro's Anthropic Early Access, bought at $112.96 and up about 2%. The listing on Nasdaq could come before Thanksgiving, and I am keeping my position as it is until the price range is out. Would you buy Anthropic at the IPO? 💚 I’m Gabor - I Don’t Work for Money, Money Works for Me💰 🔄eToro’s CopyTrader feature lets you automatically mirror my Strategy 🚀 Gabor Fogarasi @fogi70 eToro Pro Popular Investor 🏦 CISI Level 3 Investment Certification med.etoro.com/B22386_A123282… Sign up to eToro to Copy my trades! Your capital is at risk!

Microsoft's $67 billion of free cash 💵 comes with help Investors are rewarding the one hyperscaler that still makes real free cash flow. $MSFT was the only one of the big five with a positive stock return over the past month, while Alphabet, Amazon and Meta spent almost everything their businesses bring in on AI. So where does Microsoft's cash come from? Free cash flow is operating cash minus capital spending, and in the fiscal year to June it was $67 billion. Dave Zion of Zion Research Group went through the accounts and found $75.3 billion of help from financing choices, more than the whole figure: Paying staff in stock instead of cash: $12.4 billion Leasing data centres instead of buying them: $25.6 billion Buying equipment now and paying for it later: $19.8 billion Funding server parts for suppliers, booked as receivables: $19.6 billion None of this is cheating, and Microsoft reports it openly. A company this strong can get great terms from staff, suppliers and landlords. But this kind of cash is less stable and harder to grow than cash from selling software for more than it costs to make. Microsoft trades at 25 times next year's expected earnings, the richest of the group. I don't own it. I hold Alphabet and Meta, which burn more cash but trade cheaper. Would you pay that premium for Microsoft? 💚 I’m Gabor - I Don’t Work for Money, Money Works for Me💰 🔄eToro’s CopyTrader feature lets you automatically mirror my Strategy 🚀 Gabor Fogarasi @fogi70 eToro Pro Popular Investor 🏦 CISI Level 3 Investment Certification med.etoro.com/B22386_A123282… Sign up to eToro to Copy my trades! Your capital is at risk!

Apple just had its best year ever 🍏 and the stock is down 2% today $AAPL reported its first quarter under new CEO John Ternus, and on paper it was a record. Revenue came in at $114.5 billion, up 12% from a year ago, and earnings per share of $2.10 beat the $2.00 analysts expected. The full fiscal year brought in $478.8 billion, the best in the company's history. The growth came from two products. iPhone sales rose 17.5% to $57.6 billion and the Mac jumped almost 24%. Services grew about 10%. iPad sales fell 10%, Wearables dropped 8%, and Greater China came in at $17.5 billion. That is 21% growth, but still more than $1 billion below what Wall Street expected. So why is the stock down about 2% today? Memory chips. Ternus called memory pricing "unprecedented", and Apple expects those costs to rise again in the holiday quarter. The 47.9% gross margin also got a one point lift from tariff refunds. Without that, margins would have slipped. The foldable iPhone Duo only went on sale in October, so none of it is in these numbers, and online orders already wait until late January. I don't hold Apple right now. Before buying, I want to see how much of the memory bill it can pass on to customers. Would you buy Apple on this dip, or wait for the iPhone Duo numbers? 💚 I’m Gabor - I Don’t Work for Money, Money Works for Me💰 🔄eToro’s CopyTrader feature lets you automatically mirror my Strategy 🚀 Gabor Fogarasi @fogi70 eToro Pro Popular Investor 🏦 CISI Level 3 Investment Certification med.etoro.com/B22386_A123282… Sign up to eToro to Copy my trades! Your capital is at risk!

Binance customers pulled $3.6 billion 🏃 the day withdrawals resumed Last week I wrote about the $6.3 billion hack at Binance, the world's largest crypto exchange. Now we know more. The FBI says North Korea's TraderTraitor group was behind it, the same unit blamed for the $1.5 billion Bybit hack in 2025. Blockchain analysts at Elliptic count $6.43 billion stolen across 11 blockchains in a few hours on 29 October, including 18,270 $BTC. That makes it the largest theft of any kind on record. Binance resumed withdrawals on Sunday. Between 06:00 and 15:30 UTC customers took out $4.65 billion and deposited $1.01 billion, a net outflow of $3.64 billion. That is about 2.1% of the exchange's $171 billion in assets, so no bank run so far. Binance says it has covered about 95% of the loss with its own funds. The last 5% is less liquid tokens that take longer to buy. Elliptic has verified $2.85 billion frozen or seized, almost all of it stablecoins. The hacker is swapping the rest into Ethereum and other coins that can't be frozen. 👉 My Bitcoin on eToro is about break-even at a $78,111 average open, and my eToro shares are down 59%. Would a hack this size make you move your crypto off an exchange? 💚 I’m Gabor - I Don’t Work for Money, Money Works for Me💰 🔄eToro’s CopyTrader feature lets you automatically mirror my Strategy 🚀 Gabor Fogarasi @fogi70 eToro Pro Popular Investor 🏦 CISI Level 3 Investment Certification med.etoro.com/B22386_A123282… Sign up to eToro to Copy my trades! Your capital is at risk!

Big Tech spent $1.28 trillion on AI 💸 and investors want to see the payoff Since ChatGPT launched at the end of 2022, $META, Alphabet, Amazon and Microsoft have spent a combined $1.28 trillion on capex, most of it for AI. For years the market cheered every increase. This earnings season it stopped cheering. Meta said it will spend even more and created a new class of nonvoting shares that could help pay for it. Ad revenue came in just above estimates, yet the stock fell about 12% between 21 and 30 October. Alphabet had its worst day ever. Cloud is booming and capex came in below estimates, but search showed cracks as AI summaries replace classic search ads. Free cash flow was negative for a second quarter in a row. Amazon missed on revenue and earnings, while capex and negative free cash flow came in above forecasts. Microsoft did best. Cloud revenue jumped, capex was lower than expected, and it plans to offer buyouts to 60,000 employees, about a quarter of its workforce. The stock slipped only 2%. Investors now want proof that AI pays for itself. Cutting back is not easy either, because whoever spends less risks falling behind. 👉 I own Meta, up 14% from my $532.65 entry, and Alphabet, down 17% from my $329.17 average. I'm holding both for now. Which of the four would you hold through this spending cycle? 💚 I’m Gabor - I Don’t Work for Money, Money Works for Me💰 🔄eToro’s CopyTrader feature lets you automatically mirror my Strategy 🚀 Gabor Fogarasi @fogi70 eToro Pro Popular Investor 🏦 CISI Level 3 Investment Certification med.etoro.com/B22386_A123282… Sign up to eToro to Copy my trades! Your capital is at risk!