Tonight's Highlights | U.S. Major Index Futures Mixed Pre-Market, Google Jumps Nearly 4% on Buffett New Stake

Monday pre-market, U.S. three major index futures mixed.  

 

As of publication, Dow futures down 0.03%, S&P 500 futures down 0.05%, Nasdaq 100 futures up 0.05%.  

 

Google up nearly 4% pre-market — "Oracle of Omaha" Warren Buffett's Berkshire Hathaway established a new position in Google in Q3, ranking as its 10th largest holding.

 

Nvidia down 1% — weekend filings revealed billionaire Peter Thiel sold his entire Nvidia stake.  

 

Micron up over 1% — earlier reports said Samsung raised certain memory chip prices 30%-60% from September.  

 

Last week, Dow rose 0.34% cumulatively, but Nasdaq fell 0.45%. Fundstrat head of research Tom Lee wrote: "We expected the first two weeks of November to be choppy, and indeed we are in choppiness now."  

 

"While some worries like the government shutdown and NYC mayoral election are resolved, others remain. Still, we expect the volatility to eventually resolve into a rebound, pushing the S&P up ~200 points and breaking above 7,000."  

 

Later this week, Nvidia reports quarterly earnings — widely seen as one of the most important catalysts for the remainder of 2025. Despite the S&P up ~14% YTD, AI bubble concerns continue to linger.  

 

Thursday, U.S. Labor Department releases September nonfarm payrolls — highly significant for the Fed. Due to prior data gaps, rates traders now see only ~44% chance of a December cut.  

 

European stocks mostly lower in session: Germany DAX down 0.71%, UK FTSE 100 down 0.23%, France CAC 40 down 0.49%.  

Company News  

Musk: Plans to deploy 100 GW of AI satellites in space annually  

 

Musk reposted on X a video of his recent interview with Ron Baron, saying: "We see a viable path to put 100 GW of solar-powered AI satellites into orbit every year. And this approach can actually power and run AI at the lowest cost on a massive scale."  

 

Berkshire 13F: Sold Apple, bought Google, 12th straight quarter of net selling  

 

Berkshire Hathaway released its Q3 13F — the last detailed stock portfolio disclosure before Warren Buffett ends his 60-year CEO tenure. Buffett sold a large amount of Apple in Q3 while initiating a position in Google parent Alphabet.

 

"Silicon Valley VC Godfather" Peter Thiel clears Nvidia stake

 

Weekend filings show billionaire Peter Thiel has sold his entire Nvidia position, amid growing market concerns over AI-driven tech valuation bubbles.  

 

Trump buys another $82 million in corporate and municipal bonds  

 

President Donald Trump continued buying municipal and corporate bonds this fall. Latest disclosures from U.S. Office of Government Ethics Saturday show Trump purchased at least $82 million in bonds, including from Netflix, UnitedHealth, Boeing, Meta, Home Depot, Broadcom, and Intel (acquired during his administration).

 

Also bought municipal bonds from U.S. cities, school districts, utilities, and hospitals. Disclosures dated Oct 17 & 20, released by OGE after government shutdown ended.  

 

Novo Nordisk launches lower-priced obesity drugs in U.S. vs Lilly  

 

Novo Nordisk launched lower pricing for self-pay patients than Lilly's offerings — selling oral semaglutide (Wegovy) and injectable semaglutide (Ozempic) in the U.S. for $349/month.  

 

Wolfspeed launches new automotive-grade TM4 power module  

 

Wolfspeed announced new automotive-grade plastic-packaged silicon carbide power module (TM4) using its Gen 4 technology, designed for EV traction inverters, offering flexible performance optimization per application needs.