The Rundown OpenAI Signs AI Server Deal with Foxconn, Amazon Targets Engineers in Job Cuts
9 snips
Nov 21, 2025 A dramatic market swing was triggered by NVIDIA's performance, creating ripples across investor sentiment. OpenAI is making headlines with a new partnership with Foxconn aimed at enhancing U.S. data centers. Meanwhile, Amazon faces scrutiny after announcing significant layoffs and a shift towards AI-driven efficiency. Bitcoin's recent decline is impacting connected stocks, highlighting the ongoing volatility in the crypto space. Also, a rare 1939 Superman comic sold for a staggering $9.1 million, captivating collectors worldwide.
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Rate-Cut Expectations Drove The Sell-Off
- The market's big intraday reversal wasn't just about AI hype collapsing.
- Zaid Admani argues the main driver was shifting expectations around Fed rate cuts and macro data.
Crypto's Drop Is Widening Market Pain
- Crypto is amplifying market volatility with steep recent losses in Bitcoin and Ethereum.
- Zaid highlights that Bitcoin dropped to $83,000 and ETH fell to $2,700, dragging related stocks down.
Prepare For Volatility Around The Fed Meeting
- Expect market volatility ahead of the December 10th Fed meeting and stay informed.
- Zaid urges listeners to stay subscribed to follow updates as the Fed decision could swing expectations.