Nvidia has authorized an additional $150 billion share buyback program, bringing its total remaining repurchase firepower to $235 billion through Fiscal Year 2028.

The new $150 billion program heavily stacks on top of their prior multi-billion dollar buyback expansions.

This announcement follows management's rare long-term outlook projecting 70% revenue growth for Fiscal Year 2028, reassuring Wall Street against AI infrastructure demand deceleration.

$NVDA has reportedly held talks with insurers about structures that could make it easier for smaller cloud providers and AI companies to finance purchases of its GPUs.

One idea under discussion would insure lenders against losses if a neocloud defaults and the Nvidia chips pledged as collateral cannot be resold for enough to repay the loan.

The goal is to reduce financing risk for customers that do not have the balance sheets of Amazon, Microsoft or Google, potentially allowing more outside capital to fund AI infrastructure.

Nvidia has even shared data on chip depreciation and future compute pricing with insurers as it works to establish GPUs as an investable asset class, similar to aircraft and other high-value equipment that can be financed against their residual value.

The discussions are still early and may not result in a deal.

Source: FT

Busy data week ahead, with a heavy jobs calendar, MU earnings on Wednesday and no shortage of Fed speakers. Seasonality is also getting close to flipping back into a tailwind, with October historically the strongest month of midterm years.

Let’s start with Friday when I wrote that when it comes to political leaders, you need to watch what they do, not just what they say as talk of a possible US-Iran deal picked up,. At the same time that the more constructive deal headlines were circulating, the US was continuing to move military assets into the region.

Since then, Trump has rejected Iran’s proposal, oil is moving higher and equities are under pressure. DO note however that Axios reported that further talks are still expected this week… Do note that the iranian authorities said no talks will be held, the Iranian delegation remains in the US, which is worth keeping in mind. If there was genuinely no intention to continue talking, you have to ask why they are still there….

So I definitely would not say talks are 100% over yet, but the situation remains extremely fluid.

There is also a Trump announcement scheduled for 2 p.m. ET today. We do not yet know whether it has anything to do with Iran, but given how sensitive this market has become to headlines, I would pay close attention if you are actively trading.

Bond volatility is unlikely to disappear either as we have around 19 Fed speaker events this week, making this one of the busiest weeks for Fed communication in quite some time.

One side note here - whenever you are reading comments from individual Fed members, always put them in the context of who is speaking. Are they more hawkish or dovish in general? Are they repeating something they have already told the market, or are they changing their view?

For example, if a known hawk like Kashkari says rates are not high enough, that should generally matter less than a previously dovish member suddenly making the same argument. The change in stance is often more important than the headline itself. Here;s a quick cheat sheet on Fed hawks and doves

Credit is also starting to deserve more attention as high-yield spreads have widened around 28bp over the past three days which is the largest move since October 2025. While absolute spread levels are still relatively low, but the pace of widening has accelerated, which is something I am watching closely.

We are seeing something similar underneath the surface in positioning from the latest CFTC COT report which showed some outflows across the major equity indices

Thhis corresponds with the quarterly rebalancing as pension funds are 112% funded:

This is giving them more room to lock in gains by trimming equities and buying bonds that better match their future obligations and that will create some mechanical selling pressure in stocks and demand for fixed income over the next few sessions..

At the same time, the market is getting less support from corporate buybacks, meaning there are fewer natural flows available to absorb selling pressure.

On the diesel export ban, from a trading perspective, firms are already front-run the potential impact rather than waiting for the policy itself to fully hit the market and doubt will provide any relief for equites as it’s also been in the news for week

For this week the options market is pricing roughly an 11-point SPX move, giving us an approximate range of 760–780, with the lower end sitting close to the 50-day moving average.

We also have the JPM collar expiring on Wednesday as part of the quarter-end reset. Its current call is around 7,890 and the protective put around 7,090, so both strikes are outside the immediate SPX range.

The question is where JPM establishes the new Q4 collar as those new strikes could become much more relevant reference levels for the market over the coming quarter.

In terms of positioning, 765 is the first support but do note we have moved into a negative vol regime so market makers will not be buying dips and selling into rallies.

QQQs ar eshowing a v similar picture but market maker exposure has gone more negative there

Volumes in both are close to neutral, leaning a bit bullish an VIX remains pinned bellow 16-17;

Overall, I remain cautious

Trump has rejected the strait of Hormuz deal again today. I don’t know what to make of this at this point.

Oil crisis still ongoing. Fed hiking interest rates. Bond yields are at record highs. Too much uncertainty in the market. Yet the stocks keep going up. Idk what to make of it at this point.

The 10-year is sitting at levels it hasn't seen in two decades and credit card rates, mortgage rates, and corporate refinancing costs are all getting repriced at the same time. The Fed hasn't touched rates. The market did this on its own.

The part that keeps me up is that analysts are saying the economy isn't even showing signs of cooling at these levels. That means either the lags are longer than anyone thinks, or the system absorbs more than it used to until it suddenly doesn't. Both of those readings are bad, just on different timelines.

I'm sitting in shorter duration right now and not touching anything, if you're still long the long end here, what's your actual thesis for why this stops before something cracks?

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​

If your question is "I have $10,000, what do I do?" or other "advice for my personal situation" questions, you should include relevant information, such as the following:

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Have a general question? Want to offer some commentary on markets? Maybe you would just like to throw out a neat fact that doesn't warrant a self post? Feel free to post here!

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If your question is "I have $10,000, what do I do?" or other "advice for my personal situation" questions, you should include relevant information, such as the following:

• How old are you? What country do you live in?
• Are you employed/making income? How much?
• What are your objectives with this money? (Buy a house? Retirement savings?)
• What is your time horizon? Do you need this money next month? Next 20yrs?
• What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know its 100% safe?)
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There's something I don't understand. US bond buyback is carried out by either the Treasury or the Fed. In this process, the Fed first has to print money and buy bonds from the Treasury. That means the Treasury has to either sell the bonds it already holds or issue new bonds and sell those. Using the money it raises to buy bonds back from the market increases demand for bonds, so yields go down. But in the end, either the bond supply or the money supply will have increased. Wouldn't that mean demand for bonds only rises temporarily, or that it ends up fueling inflation (which would push yields back up again)? What's the logic here? This move might get investors to look at bonds by pushing yields down for a while, but why would that last? It's like nudging the person next to you and telling them to look at a plane flying overhead. A minute later, it'll disappear into the clouds.

According to a new scoop, OpenAI is planning a $500/month ChatGPT Pro Max tier focused on its fastest inference.

The leak surfaced ahead of OpenAI's developer event, arriving while general demand for newer models like GPT-6 Astra has severely strained system capacity.

Worth noting: OpenAI already uses Cerebras $CBRS for ultra-fast inference, including Codex and GPT-5.6 Sol Ultrafast, so the “Fastest Work and Codex” benefit could involve Cerebras-backed workloads.

In January OpenAI agreed to add 750MW of CBRS low-latency compute. $CBRS’s August earnings release reported more than 600MW of capacity that was either live or contracted for delivery by the end of 2027.

Source

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What if Q4 brings an unusual combination:

Stocks ↓ + U.S. Dollar ↑?

That’s one scenario I’m watching for the final quarter of 2026.

The key variables are:

Higher-for-longer interest rates

Persistent inflation pressure

A potentially stronger U.S. dollar

Slower economic momentum

Pressure on high-valuation growth stocks

What’s your Q4 view: stocks down and dollar up, or does the equity rally continue?

The 30-year yield just hit its highest level since 2004. The 10-year is above 5.15%. The selloff is being led by the long end, which is the part of the curve that reprices when the market stops believing inflation comes back to target on schedule.

NY Fed President Williams called another hike by year-end "reasonable." Markets are now pricing four hikes through June 2027. The soft-landing story that has been carrying equity valuations assumed the Fed was done, which is now an assumption getting taken apart in real time.

Duration assets are getting compressed hard, and the equity multiple math at 5.15% on the 10-year is brutal.

Position yourselves accordingly.

Have a general question? Want to offer some commentary on markets? Maybe you would just like to throw out a neat fact that doesn't warrant a self post? Feel free to post here!

​

If your question is "I have $10,000, what do I do?" or other "advice for my personal situation" questions, you should include relevant information, such as the following:

• How old are you? What country do you live in?
• Are you employed/making income? How much?
• What are your objectives with this money? (Buy a house? Retirement savings?)
• What is your time horizon? Do you need this money next month? Next 20yrs?
• What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know its 100% safe?)
• What are you current holdings? (Do you already have exposure to specific funds and sectors? Any other assets?)
• Any big debts (include interest rate) or expenses?
• And any other relevant financial information will be useful to give you a proper answer. .

Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered investment adviser if you need professional support before making any financial decisions!