Chapter 1: What does Trump's approval of H200 GPU sales to China mean?
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Good morning. Today is Tuesday, December 9th, and I'm your host, Kim Kahn, filling in for Julie Morgan. President Donald Trump has signed off on NVIDIA selling high-end H200 GPUs to China and says the U.S. gets a 25% cut. In a post, Trump said he told President Xi Jinping that the U.S.
would allow NVIDIA to ship H200 chips to approved customers in China under conditions that allow for continued strong national security. Xi responded positively, Trump added, saying the 25% revenue cut will be paid to the United States of America to support U.S. jobs in manufacturing. The same framework will apply to AMD, Intel, and other U.S.
chip makers once the Commerce Department finalizes the details. Washington had previously allowed NVIDIA to sell the lower-powered H20 model, but that rollout fizzled. China's state media blasted the chip as underpowered and regulators reportedly halted imports over security concerns. NVIDIA welcomed the reversal.
We applaud President Trump's decision to allow America's chip industry to compete, the company told Seeking Alpha, calling the H200 plan a thoughtful balance vetted through commerce.
Chapter 2: How does Senator Warren view Paramount's bid for Warner Bros.?
NVIDIA had already stripped any potential China sales from its forward guidance. CEO Jensen Huang had recently met with skeptical Republican lawmakers who have pushed back against high-end GPU exports on national security grounds. Senator Elizabeth Warren is turning up the heat on Hollywood's takeover battle, calling Paramount Skydance's hostile bid for Warner Bros.
Discovery a five-alarm antitrust fire. In a statement, Warren said a combined Paramount-Warner Bros.
deal is exactly what our anti-monopoly laws are written to prevent, and highlighted the bidder's financial backers, including Jared Kushner's private equity firm, the Ellison family, and Middle Eastern investors, as raising serious questions about influence peddling, political favoritism, and national security risks.
Her warning follows comments on Friday when she blasted Netflix's offer for Warner Bros. as an anti-monopoly nightmare. Warren added that both the Department of Justice and CFIUS must evaluate any Warner Bros. deal based on the law and the facts, not on who sucked up the most to Donald Trump.
And a quirky new paper from HKU Business School suggests Wall Street may literally lose sleep over big streaming releases. Researchers found that when a major show drops at midnight, think Wednesday or Stranger Things, next day market returns slip about 0.25%. Over a year, that adds up to roughly a 2.3% drag. And it's not retail investors driving the slump.
The effect shows up in large-cap, institutionally-owned stocks, implying that even pros are stumbling into work a little bleary-eyed.
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Chapter 3: What impact does binge-watching have on stock market returns?
Sleep-deprived investors tend to default to their easier choice, selling, and avoid the cognitively demanding work of buying. The usual daylight savings time story doesn't hold up here. The binge-worthy proxy explains returns far better. Importantly, liquidity doesn't change. Volume, spreads, odd lots, algos, all steady.
The pressure comes from tired institutional sellers, not retail traders stepping back. And prices don't meaningfully bounce in the days that follow. One kicker, when the VIX is already elevated, the binge hangover effect gets even worse.
Chapter 4: How do institutional investors react to major streaming releases?
Now here's what's trending on Seeking Alpha. What is the master plan at GameStop as it gears up to report earnings? Deer drops as Trump calls for lower farming equipment prices. And Michael Burry says a Fannie Mae Freddie Mac relisting is nearly upon us.
In today's Catalyst Watch, notable investor days include Home Depot, CVS Health, Elanco, Ligon Pharmaceuticals, and an investor update from GE Vernova. In pre-market trading, stock index futures are a little changed, with some understandable caution as the Fed starts its two-day meeting. Treasure yields are lower on the longer end, but the 10-year remains at its highest level since October.
Chapter 5: What are the latest trends affecting stock market performance?
That's all for today's Wall Street Breakfast.
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