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Happy Wednesday Zingernation! You may have seen some tweets saying that Nancy Pelosi sold her entire $NVDA stake ahead of the stock’s $300-billion decline Tuesday. And while those rumors may not be true, she probably wishes that she did. Also, why one Apple bull is worried about the company’s upcoming launch.

—Aaron Bry

Plus, looking for a seamless way to invest in real estate? Check out the company leveraging AI-powered tools to buy homes.

MARKET SNAPSHOT

Yesterday: Was an absolute bloodbath. The Nasdaq closed down more than 3% with Nvidia closing down nearly 10%. Every major index was in the red as September got off to a rocky start.

On Our Radar: Job openings and factory orders will come out at 10am ET, and then we will get the beige book at 2pm ET. The next couple days will be busier with economic data as we get some important jobs numbers on Thursday and Friday to round out the week.

TOP STORY

Nvidia Stock Loses The Value Of McDonald's, Disney, Coinbase Combined Since Q2 Earnings

Basically: Nvidia’s second-quarter report was viewed of the most important earnings prints in recent memory and a gauge for how the overall stock market could perform going forward.

So: The company beat earnings and revenue estimates, but investors retreated in the aftermath, wiping away a huge amount of valuation from the chip stock. Here’s how much value has been wiped away from $NVDA in the last few trading days.

PRESENTED BY REALPHA

With The Effective End Of The 6% Real Estate Commission Standard, reAlpha’s AI-Powered Homebuying Platform Hopes To Shake Up The Industry

The real estate market is getting an overhaul thanks to the National Association of Realtors’ class-action settlement. In addition to paying hundreds of millions of dollars over allegations it inflated commissions agents received, it agreed to do away with the standard 6% commission fee structure. That means what you pay agents may just get a whole lot cheaper. It also means reAlpha Tech Corp. (NASDAQ: AIRE) stands to benefit. 

The Dublin, Ohio real estate technology company is experiencing strong growth thanks to Claire, its AI-powered, commission-free home buying platform, designed to eliminate the traditional buy-side sales commission. 

For Q2 this year, it reported quarter-over-quarter revenue that soared 205%. Revenue in Q2 2024 was up 13.6% compared to a year-ago. Acquisitions are also driving that growth, with the company closing its purchase of Naamche, Inc., a Nepal-based AI technology firm, during the quarter. This acquisition bolstered reAlpha's AI capabilities by adding 42 engineers, developers, analysts, and UI/UX designers to its team. There’s more to come with reAlpha focused on growing via buys. To learn more click here.

FIVE ZINGERS

Swipe Right: Bumble shares have been under pressure, down more than 50% YTD. But JP Morgan is getting bullish on this dating platform instead.

TIMBER!: The tree has fallen. Dollar Tree’s stock is trading down 10% after the discount retailer failed to impress investors with its earnings report.

Jim’s Pick: Jim Cramer is getting bullish on this retail stock, which offers shareholders a 3% dividend yield.

Just For VIX: After months of low volatility, the VIX is skyrocketing again. Here’s how it could impact your trading.

Priced In?: Many investors are anxiously awaiting rate cuts from the Fed. But some experts think the market might not react the way you think.

ONE FOR THE ROAD

EXCLUSIVE: Apple's iPhone 16 Launch Will Be 'Disappointment Before The Excitement,' Gene Munster Says

Basically: Apple shares may not rise very much when the tech giant debuts the iPhone 16 on Monday because much of the anticipation is already baked into the stock, but the new phone should give some legs to the stock over the next year, according to a tech expert.

"I think the announcement is typically going to be a disappointment," Deepwater Asset Management managing partner Gene Munster told Benzinga on Tuesday. Here’s why Munster is worried.

PRESENTED BY INVESTORPLACE

‘Bombshell’ Presentation Exposes Dark Side of Tech Billionaires

Blistering presentation exposes dark underbelly of Big Tech; their control over the economy and what you can do about it. If you watch just one presentation this year, make sure it’s this one.

Click here to view.

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