Wall Street Digest
NVDA after-hours news
The S&P 500 printed an inside day on the lowest volume in 2 weeks 📉
The bounce just hit a wall at the declining 21-day MA — classic dead cat setup:
☑️ Low volume
☑️ Overhead resistance
☑️ Downward trend
It's so obvious it feels like a trap…
But after-hours $NVDA news might make the obvious trade right this time 👀
🚨 Nvidia announced a $5.5 billion charge after the U.S. government restricted exports of its H20 AI chip to China — a key growth market.
The H20 is Nvidia’s most advanced chip available in China and was specifically designed to comply with prior export rules. Major Chinese firms like Tencent, Alibaba, and ByteDance had ramped up orders amid rising demand for AI.
With new restrictions in place, that momentum has been halted. Shares are down ~6% after-hours.
Geopolitics just collided with earnings — and Nvidia is caught in the middle.
📈 Notable Stock Movements
Palantir Technologies (PLTR): Shares surged 6.2% after NATO adopted the company’s AI-powered military technology.
Hewlett Packard Enterprise (HPE): Stock climbed 5.1% following reports that activist investor Elliott Investment Management holds a $1.5 billion stake and aims to drive value enhancement.
Netflix (NFLX): Gained 4.8% as executives revealed ambitious revenue and market capitalization goals, including plans to double revenue by 2030 and reach a $1 trillion valuation. WSJ+3Investopedia+3Barron's+3
Boeing (BA): Fell 2.4% after China's directive for its airlines to halt new orders, intensifying trade war concerns.
Albemarle (ALB): Dropped 5.9%, the day’s worst performer, due to multiple analyst downgrades citing concerns over trade tensions and declining demand in the automotive battery sector. Investopedia
Bessent exclusive interview key points:
📉 Bond market volatility is heating up — and it’s not just about rates. It’s about geopolitics.
U.S. Treasury Secretary Scott Bessent addressed concerns that China could weaponize its $800B+ Treasury holdings in response to Trump’s aggressive tariff moves. While he downplayed the risk, he acknowledged that if yields spiked due to “foreign rivals” manipulating the bond market, the Fed and Treasury would act together. But so far, no action has been taken.
🔍 The bond market is flashing warning signs:
Treasurys, usually a safe haven during market selloffs, were dumped alongside equities this month.
The 10-year yield jumped 50 bps last week—the largest weekly move in over 20 years—and is now at 4.38%.
Mortgage rates pushed above 7%.
The move suggests growing fear over U.S. debt sustainability and recession risk, especially with tariffs creating uncertainty.
🇨🇳 China’s role remains a wildcard. It’s the second-largest foreign holder of Treasurys — but Bessent says selling would hurt them more than it would hurt us:
“Selling Treasurys would strengthen the RMB, and China’s been trying to keep their currency weak. It would make no economic sense.”
Bottom line:
The bond market is speaking louder than stocks right now. And when both are dropping? Pay attention.
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