Stocks Rally After Nvidia’s ‘Off the Chart Sales’; Fed December Rate Cut In Doubt | The Pulse 11/20

Nvidia faces significant challenges in the Chinese market, which has been largely inaccessible due to U.S. regulations, resulting in billions in lost sales. President Trump's influence is seen as pivotal in determining Nvidia's future in China, as the company seeks to navigate these restrictions.

Oil prices have steadied as traders respond to a risk-on mood in the financial markets, countering the potential impact of ongoing peace talks regarding Ukraine that may lead to increased crude supplies. This stabilization follows a period of volatility influenced by geopolitical tensions and market sentiment.

Meta and Google are reportedly in discussions regarding a deal for Tensor Processing Units (TPUs) as Google aims to challenge Nvidia's dominance in the AI chip market. This move comes amid increasing competition in the AI sector, where Nvidia has established a significant lead with its advanced GPU technology.

Private equity firm PAG has made a significant investment in China, positioning itself as a contrarian player in a market where many investors are hesitant. This move reflects PAG's strategy to capitalize on potential opportunities in a challenging economic environment.

Justine Palefsky, Co-founder and CEO of Kindred, highlighted the rapid growth of her home-swapping platform in an interview with Katie Greifeld on Bloomberg's 'The Close.' Palefsky emphasized that Kindred is not a direct competitor to Airbnb or traditional hotels but offers a unique third option for travelers, focusing on affordability and fostering human connections.

Target is facing significant challenges as it reported declining sales and profits, prompting concerns about its future under incoming CEO Michael Fiddelke, who has been with the company for 22 years. The retailer's culture of high self-regard may have contributed to a lack of urgency in addressing these issues.

Deon Nicholas, Co-founder and President of Forethought, announced that the company has achieved $1 billion in return on investment (ROI) for its clients by leveraging agentic AI to reduce costs, expedite resolutions, and enhance customer retention. This statement was made during an interview on Bloomberg's 'The Close' with Katie Greifeld and Scarlet Fu.

The cost of protecting Oracle's debt against default has surged to a multi-year high, with five-year credit default swaps rising to approximately 1.19 percentage points annually, reflecting heightened investor concerns over the company's substantial debt incurred to finance artificial intelligence investments. This marks the highest level since October 2022.