📊 Nvidia kept dragging but the week still closed green. The Nasdaq fell 0.91% to 25,136.27, the S&P 500 slid 0.4%, the Dow added 0.1% and Canada’s S&P/TSX Composite finished flat at 0.09% lower. All three U.S. averages had their best week since early August. 🤖 Nvidia ($NVDA) fell another 2% after HSBC downgraded it to hold and slashed its target to $170 from $365. Analyst Frank Lee said uncertainty will persist until the board names a permanent CEO and that person proves they can execute. 🍎 Apple ($AAPL) rose 0.39% to $356.27 after touching an intraday record of $360.80, lifting its market value above $5.2 trillion. Bernstein calls it a safe haven precisely because it skipped the AI infrastructure arms race. 🔌 Cisco ($CSCO) slid 6% a day after beating on fiscal first quarter results and raising guidance. Barclays flagged hyperscaler AI orders down meaningfully quarter over quarter, and Goldman called it an orders miss. 🏗️ Stantec ($STN) surged 13.79% to $122.20 to lead the TSX. Celestica went the other way, falling 5.42% to $342.32 as Canadian tech sold off. ₿ Bitcoin dropped below $70,000 for the first time since August, hitting $67,632 as the dollar index reached its highest since April 2025. More than $1 billion in leveraged positions were liquidated this week. October PPI rose 0.3% against 0.4% expected, though the annual rate hit 6.5%, the biggest since November 2022. 👨🏻💻 Researched and written daily by @tim_emino
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