Happy Tuesday! It’s been a dream run for Nvidia as the chipmaker has added $2 trillion in market value in mere months. But as the company reports earnings on Wednesday, the market’s mood is subtly changing. With seasonal trends and market signals flashing mixed messages, could the AI darling finally be nearing a crossroads? Read on to see what’s at stake, and what could come next.

Also, something unexpected just shook up the markets — and it wasn’t Big Tech or energy stocks leading the charge. A surprising sector stole the spotlight and has Wall Street’s full attention. What does it mean for housing, rates, and the broader economy? Read on to find out.

Plus, if you are looking for a bold investment in the energy drink space, check out today’s sponsor.

In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• MARKET HISTORY

• ONE FOR THE ROAD

Nvidia's Monster Rally Meets Its September Curse

Nvidia has been the poster child of the AI revolution, adding a staggering $2 trillion in market value since April. As the chip giant gears up to report its latest earnings, the mood on Wall Street is shifting — not to skepticism, but to caution. Analysts aren’t doubting Nvidia’s long-term dominance; they’re just questioning how much more juice is left in the rally right now.

Goldman Sachs sees the next big leg of growth hinging on a handful of still-uncertain developments, while the options market is lighting up with caution. And then there's September — historically Nvidia’s worst month. Could this seasonal slump strike again, or is this time different?

This Energy (Drink) Stock Has A Secret Weapon…

Every once in a while, a single acquisition redefines an entire company.

Meta buying Instagram was one of them.

Now Celsius is taking its shot.

LikeFolio’s latest deep dive reveals how Celsius’ mega $1.8 billion acquisition could change the balance of power in energy drinks — and why consumer data points to something big in the months ahead.

Inside, you’ll see:

• Why cultural gravity matters for CELH’s growth

• How Pepsi’s distribution engine can supercharge this deal

• What consumer demand data says Wall Street hasn’t priced in

→ CLICK HERE to read “If You Can’t Beat ’Em, Buy ’Em”

Yesterday: U.S. indexes finished at the lows on Monday as investors turned cautious ahead of Nvidia’s earnings report on Wednesday, as well as an update on inflation (PCE) due later this week. After Friday’s massive rally in which the Dow rose to record highs, all major indexes finished with losses. Investors are hopeful Nvidia’s earnings will bolster the Magnificent 7 following a recent slide in which they’ve been down five of the past six days. In addition, treasury yields rose, with the 10-year yield climbing to 4.28%, while the U.S. dollar strengthened against major currencies. Oil prices moved higher on renewed geopolitical tensions and potential U.S. sanctions impacting Russian crude supplies.

On Our Radar: Analysts will be watching several key reports today with the S&P Case-Shiller home price index, durable good orders and the consumer confidence report being released this morning. On the earnings front, all eyes will be on Okta (OKTA), MongoDB (MDB) and Box (BOX), which report results after the market close today.

Cryptocurrencies continued their freefall over the weekend and furniture stocks took a tumble on Monday as Wayfair, RH, and Williams-Sonoma sank on a new import tariff threat. But the only companies making big moves…

Discover how the market is moving with our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.

One Day. One Room. Infinite Possibilities.

This isn’t just another fintech conference — it’s the fintech conference. On November 10, in NYC, Benzinga Fintech Day & Awards gathers VCs, startups, C-suites and product leaders to explore where innovation meets investment. If you’re building, funding or scaling fintech, this is where you belong. Secure your pass now and be where the future of finance is decided — sign up today.

On This Day In 2014…

On August 26, 2014, Burger King announced it would acquire Canadian coffee-and-doughnut chain Tim Hortons in a deal worth about $11 billion. The deal created a new parent company based in Canada, later named Restaurant Brands International, becoming one of the world’s largest fast food companies. Despite the merger, both brands maintained their distinct identities — so fans could still enjoy Whoppers and double-doubles, just under the same corporate roof.

QUOTE OF THE DAY

“Money flows into most funds after good performance, and goes out after bad performance, which is the opposite of what should happen.“ — John C. Bogle

Powell's Shift Could Spark A Homebuilder Boom — Investors Are Already Piling In

Last Friday, something unusual happened in the markets: homebuilders led the charge. The SPDR Homebuilders ETF (XHB) surged over 5%, outpacing every other major sector. The spark? Fed Chair Jerome Powell dropped a not-so-subtle hint that rate cuts could be back on the table sooner than expected. That single shift in tone may have just rewritten the outlook for housing.

The timing couldn’t be more interesting. Homebuilders are slashing prices, offering incentives and — more importantly — selling homes. Demand is showing signs of life, even as inventory builds. Is this the start of a new growth phase, or just a sugar rush from dovish Fed talk? Read on to find out.

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