CLOSING BELL
Rebound No More

The market fell Tuesday even after big bank earnings ushered in a new Q report season with beats and raises, after China limited its business with U.S. subsidiaries of a top three South Korean shipbuilder. The president tweeted (truthed) that he might stop shipping cooking oil, and China purposely not buying our soybeans was hostile. 🫘 

Nvidia was lower, but it wasn’t just a tech pullback: its main rival AMD climbed after the news that Oracle was going to need 50,000 of its highest-end chips next year.

Fed Reserve Chair Powell said the central bank is set to stop shrinking its balance sheet, but with weak employment, cuts are likely still planned at an FOMC decision meeting at the end of the month. 👀

Today’s RIP: AMD Climbing on Oracle Chip Order, Big Banks Beat but market shrugs, and more. 📰

9 of 11 sectors closed green, with staples $XLP ( ▲ 1.61% ) leading and staples $ lagging.

 $SPY ( ▼ 0.12% )  $QQQ ( ▼ 0.67% )  $IWM ( ▲ 1.43% )  $DIA ( ▲ 0.44% ) 

AI DEALS
AMD Climbs Despite Industry Pull Back, 50k Chips Order On The Way 🥔 

AMD was climbing slightly Tuesday, $AMD ( ▲ 0.77% ) outshining the rest of the tech world after the company enjoyed yet another AI chip deal.

Oracle $ORCL ( ▼ 2.93% ) said it was deploying a large batch of M1450 chips next year, 50,000 AMD chip processors to fill AI data center demand. AMD is upping its game after signing a deal to supply OpenAI just yesterday.

According to Bloomberg, AMD shipped 100,000 AI processors in the most recent quarter, compared to Nvidia’s 1.5M chips.

If anything, the chip buy news sent sentiment on AMD lower

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*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.

BIG BANK EARNINGS
Big Banks Break Records And Beat Estimates, But Does The Market Even Care 😇

Q3 earnings season has finally begun, and if today’s market reaction sets a theme, it’s that no one cares about record revenue if you are not AI or solving tariff drama. 

JPMorgan Chase $JPM ( ▼ 1.91% ) shares fell despite a 12% jump in profit to $14.4B, pulling in $700M more in revenue than Wall Street expected. Still, even after $9B in trading revenue from investors making moves during tariff craziness, the stock fell, and the feeling on the ground was partially to blame.

CEO Jamie Dimon cautioned that turbulence was ahead for markets, and JPM was hedging its bets, even with revenue coming in from traders acting on that exact volatility.

“While there have been some signs of a softening, particularly in job growth, the U.S. economy generally remained resilient,” Dimon said. “However, there continues to be a heightened degree of uncertainty stemming from complex geopolitical conditions, tariffs and trade uncertainty, elevated asset prices and the risk of sticky inflation.”

Dimon warned that credit markets were weakening, pointing to bankruptcies and auto market loans that were signs lending is getting lax, and consumers are stretched thin. JPM was hit with $567M in loan losses, $170M from the bankruptcy of Tricolor Holdings, a subprime auto lender. The financial giant set aside $810M in reserves for potentially failing loans, significantly more than analysts had anticipated. 🤯 

Goldman Sachs fell 2% $GS ( ▼ 2.04% ) despite a 37% profit surge from last year, and a 20% climb in revenue. Investment banking fees pulled in $2.66B, profit was at $4.1B, or $12/share. The bank loved the hot IPO market and M&A, but equities traders did not hold up their end of the bargain, coming in $160M lower than average estimates.

Citigroup $C ( ▲ 3.89% ) climbed, after a report that every single segment of its business hit its quarterly revenue records. Net Income climbed 15% to $3.8B, service revenue grew 7%, banking revenue was up 34%, and markets revenue climbed 15%.

$WFC ( ▲ 7.15% ) Wells Fargo was an outlier, climbing the most in its peer group after finally raising its guidance after Federal Regulators removed its asset cap. The bank was punished with a $1.95T cap after scandals in 2018, where bank employees opened unauthorized accounts. It was finally removed over the summer. 🏦 

SPONSORED
GraniteShares Expands Leveraged Suite with ISUL and NBIL Single-Stock ETFs

GraniteShares 2x Long ISRG Daily ETF (ISUL) and GraniteShares 2x Long NBIS Daily ETF (NBIL) Launch Today.

 GraniteShares, a provider of exchange traded funds (ETFs), today announced the launch of two new leveraged single-stock ETFs: 

GraniteShares 2x Long ISRG Daily ETF (NASDAQ: ISUL), and

GraniteShares 2x Long NBIS Daily ETF (NASDAQ: NBIL)

An investment in these ETFs provides investors daily leveraged exposure to the two respective underlying stocks: Intuitive Surgical, Inc. (NASDAQ: ISRG) and Nebius Group NV (NASDAQ: NBIS).

 GraniteShares’ leveraged ETFs seek daily investment results, before fees and expenses, that correspond to 2 times (200%) the daily percentage change of the respective common stocks. These funds are designed for investors looking to capitalize on short-term movements in the underlying stocks.

New GraniteShares 2x Leveraged Single-Stock ETFs

 Underlying Companies

• Intuitive Surgical, Inc., (NASDAQ: ISRG) founded in 1995 and based in Sunnyvale, California, develops and markets robotic-assisted technologies that advance minimally invasive care. Its flagship da Vinci Surgical System supports procedures across specialties such as general surgery, urology, gynecology, cardiothoracic, and head and neck, while the Ion endoluminal system enables minimally invasive lung biopsies and extends its reach into diagnostic procedures. The company also provides stapling, energy, and core instruments, training programs, technical support, system monitoring, and digital solutions that enhance hospital performance. Its products are sold worldwide through direct capital and clinical sales teams.

• Nebius Group N.V., (NASDAQ: NBIS) headquartered in Amsterdam and rebranded from Yandex N.V. in 2024, is a Netherlands-based technology company building full-stack infrastructure for the global AI industry. Its offerings include GPU clusters, cloud platforms, and developer tools supporting AI workloads like generative AI and autonomous vehicles. The company also operates three brands: Toloka for AI data services, TripleTen for tech career reskilling, and Avride for autonomous driving and robotics, serving markets across Europe, North America, and Israel.

Designed for Tactical Traders

The new leveraged ETFs provide traders with a tool to gain leveraged exposure to these stocks, making them a potential consideration for those looking to execute short-term tactical trades.

“We continue to expand our suite of leveraged ETFs to meet the demand for high-conviction trading opportunities,” said Will Rhind, Founder of GraniteShares. “With the launch of ISUL, and NBIL, we are providing investors with targeted tools to access some of the most exciting companies in financial services, online brokerage and digital investing.”

For more information on the new GraniteShares leveraged ETFs, read the Prospectus.

*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.

POPS & DROPS
Top Stocktwits News Stories 🗞️ 

• TeraWulf rose 10% after $3.2B note offering for data center expansion.

• Walmart rose 4% after launching ChatGPT shopping integration.

• Humana fell 3% after losing Medicare bonus lawsuit.

• Trilogy Metals rose 60% after U.S. bought 10% stake.

• IREN climbed 8% as AI demand surged and retail chatter spiked.

Don’t miss a story! Follow @StocktwitsNews for a live feed in real time. ✍️ 

PRESENTED BY STOCKTWITS
Morning Trending Roundup Before Lunch Time

Instagram post by @stocktwits

WHAT’S ON DECK
Tomorrow’s Top Things 📋

Economic data: CPI (8:30 AM), NY Empire State Manufacturing Index (8:30 AM), Fed Waller Speaks (1:00 PM), Beige Book (2:00 PM) 📊
Pre-Market Earnings: Bank of America ($BAC), ASML Holding ($ASML), Abbott Laboratories ($ABT), Morgan Stanley ($MS), Synchrony Finl ($SYF), PNC Financial ($PNC), and Prologis ($PLD). 🛏️
After-Market Earnings: United Airlines Holdings ($UAL).🌕️ 

P.S. You can listen to all of these earnings calls on Stocktwits.

Links That Don’t Suck 🌐

📈 IBD Digital Free Access Week is here! Get the tools you need to invest smarter starting 10/13 *

🥐 Protein push: Pop-Tarts and Doritos bulk up

🏠️ Trump threatens China with cooking oil embargo over soybean snub

🦍 ‘Terrifying’: Charging gorilla breaks enclosure glass at San Diego Zoo

😨 Madagascar’s president has left the country after Gen Z protests, officials say

🤖 China targets five U.S. subsidiaries of South Korea’s Hanwha Ocean, sending shares down 8%

👀 Slowdown in US hiring suggests economy still needs rate cuts, Fed’s Powell says

*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here. 

Get In Touch 📬

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Kara Water Disclaimer: While these channels offer future distribution potential, no purchase orders or product listings have been finalized as of the date of this offering. Any future sales will depend on successful onboarding, pricing, and demand on those platforms. Participation in third-party marketplaces does not guarantee sales or in-store retail distribution. These platforms are open to many sellers and require separate approvals for product listings, advertising, and fulfillment.
There is no assurance that any of these reservations will result in binding orders or revenue for the Company.
*The amount raised may include insider investments, which may go toward meeting the minimum offering amount