FiveMinute Daily FiveMinute Daily | Thu, Nov 12 |
8 items · about 3 min
Markets · Economy & rates · Taiwan stocks & chips · AI & tech · Podcast picks · What's next
3 things to know today
1 TSMC's October sales were 59.7% higher than a year earlier. Source →
2 US stocks dipped on Nov 10; the Nasdaq fell 0.7%. Source →
3 Nvidia reports earnings on Nov 17, and questions about CEO Jensen Huang's scandal will come up. Source →
Markets
| Indicator | Latest | vs prior day | vs year ago |
| S&P 500 | 7,521 | ▼0.4% | ▲10.1% |
| Nasdaq | 25,066 | ▼0.7% | ▲6.5% |
| US 10-year Treasury yield | 4.88% | ▲0.02 | ▲0.75 |
| VIX (fear gauge) | 19.5 | ▼2.3% | ▲10.6% |
| Brent oil (US$) | 107.0 | ▼0.3% | ▲62.7% |
| US$ in Taiwan dollars (NT$) | 32.85 | ▼0.3% | ▲6.2% |
| Australian dollar in US$ | 0.6875 | ▼1.2% | ▲6.3% |
▲ green is up, ▼ red is down. Direction only, not good or bad. Yield changes are in percentage points (4.86% → 4.88% is ▲0.02). A higher US$ in NT$ means a weaker Taiwan dollar.
Source: FRED closing values, often 1–2 trading days behind. Data dates: S&P 500, Nasdaq, VIX (fear gauge) Nov 10; US 10-year Treasury yield Nov 9; Brent oil (US$) Nov 3; US$ in Taiwan dollars (NT$), Australian dollar in US$ Nov 6.
Source: FRED closing values, often 1–2 trading days behind. Data dates: S&P 500, Nasdaq, VIX (fear gauge) Nov 10; US 10-year Treasury yield Nov 9; Brent oil (US$) Nov 3; US$ in Taiwan dollars (NT$), Australian dollar in US$ Nov 6.
Economy & rates
Podcast｜Odd Lots｜52 min｜from show notes
Hedge funds got crushed in October. Can the AI rally hold? →AI stocks were already weakening before the US election, and October was one of hedge funds' worst stretches in years. After the Democrats' big win, this episode looks at where AI spending and Anthropic's stock market debut go next.
Worth clicking? Hear first-hand how big investors see the AI trade.
Taiwan stocks & chips
Official｜TSMC (filing with the US SEC)
TSMC's October sales jump 60% to a record →TSMC, the world's biggest chipmaker, sold NT$586.9 billion (about US$17.9 billion) in October, 59.7% more than a year earlier and 14.7% more than in September. Sales for the first ten months are up 43.3%.
Worth clicking? It's TSMC's own filing, with month-by-month figures.
AI & tech
Podcast｜a16z｜57 min｜from show notes
What the dot-com boom teaches us about the AI spending spree →Mike Volpi, who helped build out the internet at Cisco, compares today's rush to buy chips, build data centers and add power with the late-1990s frenzy to lay fiber.
Worth clicking? Someone who lived through the last bubble on how this one compares.
News｜Stocktwits｜3-min read
BofA sees US$1 trillion in data center spending this year; chip stocks steady →After last week's chip stock slump, AMD and Micron edged up in after-hours trading, while Nvidia kept falling over the Jensen Huang scandal. Bank of America estimates data center spending will reach US$2.1 trillion by 2028.
Worth clicking? Lists each chip stock's move and where Nvidia's board inquiry stands.
News｜Finimize｜2-min read
Investors push back on Anthropic's IPO price, capping it at US$1.5 trillion →After the tech sell-off, some investors want a bigger discount on Anthropic's listing price and treat the US$1.5 trillion valuation discussed earlier as a ceiling. The updated prospectus also still leaves out October revenue.
Worth clicking? Spells out exactly what investors are worried about.
Podcast picks
Podcast｜Invest Like the Best｜76 min｜from show notes
How Ro's founder grew the weight-loss drug platform's revenue tenfold in four years →Ro is one of the biggest US platforms for weight-loss drugs (GLP-1s). It went from US$250 million to more than US$3 billion in revenue in four years, with fewer staff.
Worth clicking? One chapter is about how weight-loss drugs could change society.
Podcast｜TBPN｜33 min｜from show notes
The Jensen Huang scandal grows; Anthropic starts its IPO roadshow →The short version of the tech talk show TBPN: the fallout from the Jensen Huang spying scandal, Ring's flying security camera, and Anthropic's IPO roadshow.
Worth clicking? No time for the three-hour live show? Catch up here.
Podcast｜TBPN｜128 min｜from show notes
Sweetgreen's co-founder on launching a dinner menu →A two-hour episode. In the second half, Jonathan Neman, co-founder of the salad chain Sweetgreen, talks about the new dinner menu and the business picking up again.
Worth clicking? For the Sweetgreen part, start at 1:02:24.
What's next
Fri Nov 13, 9:30 PM Taipei time (8:30 AM ET) US October producer prices (PPI): are prices at the factory level heating up too? BLS calendar →
Tue Nov 17 Nvidia earnings: besides the numbers, watch whether the Jensen Huang scandal affects management. News source →
Thu Nov 19, 8:30 AM Taipei time Australia's October jobs data: unemployment was 4.7% in September; will it rise again? ABS calendar →
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For information only, not investment advice. Summaries are based on each source; check the original for details. Past issues