U.S. stocks spent Wednesday taking back the week's fear. The morning opened green based on one earnings print, the buyers never really left, and a holiday-thinned session closed as the green la la land to Monday’s red hellscape. It was Veterans Day, meaning Fed services were closed, bond markets and Treasuries were not open for sale.

Thank you to all the Veterans that have kept this country safe. My Great Uncle served as a Green Beret in the Vietnam War, and he could count on one hand the number of times he was thanked for his service. From my heart, thank you. 🎖️

The S&P 500 rose 1% to 7,618 and the Dow gained less than 1% to 52,477. $QQQ jumped 2% to $690 and $IWM added 1% to $283. Ten of the 11 sectors finished green. Technology led, up 3%, and only one sector finished red.

CoreWeave was the magic name Wednesday. It reported after Tuesday's close and raised its 2026 revenue guide, and its stock rocket lifted the whole AI world.

Jensen Huang's investigation stopped being a two-day slide and became a Washington story, with subpoena threats coming in from a still Republican controlled (anti China supposedly) congress. And BREAKING NY Times reported Wednesday night that Huang had allegedly participated in yet another affair, this time with a Nvidia employee…

Micron's bounce came with Goldman arguing the cheaper memory trade still lives in Korea. Capricor turned an FDA calendar date into the day's loudest biotech bet, and Rumble's AI arm quietly out-earned the video business it was bought to save.

Today's Briefing:

CoreWeave reported third-quarter results after Tuesday's close and cleared every estimate that mattered, then raised the revenue it expects for 2026. The print landed Wednesday for public trade, and the market was just coming out of a two day AI spending panic,.

The RIP: $CRWV ( ▲ 24.71% ) jumped 25% to $61. Revenue hit $3.66B against $3.55B expected, up 168% from a year ago, the adjusted loss of $0.95 a share beat the $1.16 loss expected, and the backlog held at $132.5B. Management guided 2026 revenue to $13B to $13.3B, above the $12.86B expected.

Know what else was growing: The capex guide, $37B to $39B, says the buildout is not slowing. 🏗️ The coattails were busy: Nebius rose 15%, Applied Digital gained 7%, and TeraWulf climbed as traders treated one company's backlog as the whole sector's all-clear. One print does not settle the spending debate. It bought the trade a day. 💰

Nvidia stabilized on Wednesday after losing about $430B of market value in two sessions, a slide that began with the board's independent investigation into CEO Jensen Huang's personal conduct and widened as reporting tied his relationship with Alice Huang to banned chip sales into China. Andddd Huang may have kissed and not told with a Nvidia employee….

The RIP: $NVD ( ▼ 5.78% ) A rose 3% to $174 on 265M shares, still down 24% in a month. Baird cut the stock to Neutral and slashed its target to $200 from $500, the first downgrade of the crisis. Fox Business reported Morgan Stanley and Bank of America removed Nvidia from their top picks and U.S. top lists.

The mess widened on Wednesday. House Republicans, under Select Committee on China chairman John Moolenaar, gave Nvidia until Wednesday to brief Congress on the China sales and threatened subpoenas if it refuses. 🕵️

On Wednesday night, NYTimes said Huang was seen being intimate with Kimberly Powell, VP of healthcare at Nvidia, according to five separate sources. Don’t sue me Nvidia I am just reporting what NYT said. 😆

The slide has cost Nvidia its crown. Apple is the world's most valuable company again at $5.06T, roughly $1T clear of Nvidia's $4.07T, and Microsoft, at $3.96T, has traded the top spot with both of them all month. About $1.3T of Nvidia value has vanished in 30 days. 👑

Micron led the memory rebound on Wednesday as chip stocks snapped back from two ugly sessions, with the Philadelphia Semiconductor Index green across the board and Intel up 8% alongside it.

The RIP: $MU ( ▲ 11.89% ) jumped 12% to $811. The bounce came with a cold note attached: Goldman Sachs said it prefers SK Hynix and Samsung, pointed to Micron trading at 5.4 times tangible book value, and kept a Neutral rating with a $1,250 target.

KeyBanc sits at the other end of the argument with a $1,750 target set Nov. 10. The bull case and the bear case are $500 apart, and both sit above the stock, which tells you the fight is about the multiple, not the direction. 🧠

Memory is the AI trade's second engine, and Wednesday's move said traders still want the exposure after the shakeout. The risk is that the rebound prices in the Korean discount closing before it actually does. 💾

$MU ticker talk is split over whether the discount to Korea is the opportunity ->

Capricor Therapeutics ripped on Wednesday after Jones Trading upgraded the stock to Buy ahead of the Food and Drug Administration's Nov. 22 decision on deramiocel, its cell therapy for the heart damage caused by Duchenne muscular dystrophy.

The RIP: $CAPR ( ▲ 26.49% ) jumped 25% to $11. Jones set a $25 target and framed the binary plainly: approval could be worth about 2.5 times the stock, and rejection could cut it by 70%. The third quarter showed a loss of $0.73 a share against $0.05 expected, with about $199M of cash on hand at Sept. 30.

CEO Linda Marban told the earnings call she is confident heading into the decision. She would say that. The cash says the company survives a no. The stock does not. 🫀

Eleven days is a long time to hold a coin flip, and Wednesday's buyers paid up anyway. The label fight running through the ticker stream all morning says the room expects a real argument either way. 💊

Nebius rode CoreWeave's beat higher a day before its own report lands Thursday pre-market, with 23% of the float sold short. Community is bullish.

Rumble's Quake AI unit brought in $68M in its first full quarter and pushed the company to its first positive adjusted EBITDA. Community is bullish.

B. Riley raised its Firefly target to $54 from $40, and the stock ran with the day's risk-on chip rally. Community is bullish.

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🪙 Nvidia stock slides after NYT report alleges Jensen Huang had a second affair — with an employee

🧬 Capricor’s FDA Countdown Gets a Labeling Clue

📊 Michael Burry Rebuilds His Lululemon Bet

🧠 Tesla Extends the Cybertruck Run Through Summer 2027

💰 Xeris and Carlsmed Hit Records as Analysts Lift Targets

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