A TON OF THINGS HAPPENED IN THE STOCK MARKET YESTERDAY.

Here's a full recap:
1. MicroStrategy $MicroStrategy (MSTR.US)$ has bought 21,550 Bitcoin $BTC for $2.1B at an average cost of $98,783. MicroStrategy now owns 2% of all Bitcoin with 423,650 $BTC at an average price of $60,234 a coin. Additionally, U.S. spot ETFs $iShares Bitcoin Trust (IBIT.US)$ $Fidelity Wise Origin Bitcoin Fund (FBTC.US)$ have surpassed Satoshi Nakamoto in total Bitcoin holdings, now owning over 1.1 million BTC—more than anyone else globally—and they achieved this milestone in less than a year.

2. $Alphabet-A (GOOGL.US)$ Google introduced their latest quantum computer, Willow. Sundar Pichai said: "Introducing Willow, our new state-of-the-art quantum computing chip with a breakthrough that can reduce errors exponentially as we scale up using more qubits, cracking a 30-year challenge in the field. In benchmark tests, Willow solved a standard computation in <5 mins that would take a leading supercomputer over 10^25 years, far beyond the age of the universe(!)." Elon Musk responded to Sundar's post on X by saying: "Wow." Google finished 1.5% higher as investors were potentially excited by a massive innovation at the company even if the perception has been that $GOOGL has been lagging in AI. The company currently trades at 18x FY 26 earnings, the cheapest out of all Mag 7 companies.,

3. $Robinhood (HOOD.US)$ Robinhood's price target was upgraded by Barclays from $26 to $49 and by Needham from $40 to $52. Current price targets from various analysts include Barclays at $49, Bernstein at $51, and Mizuho at $60. Needham has set a target of $52, while Goldman Sachs estimates $46, and Piper Sandler suggests $54. KeyBanc projects a price of $47, and Morgan Stanley has a price target of $55. Robinhood also introduced "Gold Monday," offering a 25% discount on annual Gold subscriptions, reducing the cost to $45 per year ($3.75 per month) instead of $60. New Gold members will enjoy an elevated APY of 4.75% on uninvested cash for 60 days, compared to the standard 4.25%. Additionally, Robinhood is giving away $1 million to all new Gold subscribers during this week, distributed equally among participants—for instance, if only one person subscribed then they would receive $1 million, while 5,000 subscribers would each get $200.

4. $Riot Platforms (RIOT.US)$ , a Bitcoin miner, today announced a $500M convertible note raise with the intention to use the proceeds to buy Bitcoin. The note convert in 2030. $Riot Platforms (RIOT.US)$ is following a similar strategy used by $MicroStrategy (MSTR.US)$ and then by $MARA Holdings (MARA.US)$ , another Bitcoin miner, that saw an opportunity by putting Bitcoin on their balance sheet through raising money on convertible notes.

5. Oracle $Oracle (ORCL.US)$ reported Q2 revenue of $14.1B (+9% YoY) and net income of $3.2B (+26% YoY), with EPS at $1.10 (+24% YoY) falling short of estimates ($1.48). Cloud services and license support revenue reached $10.8B (+12% YoY), while cloud infrastructure revenue surged +52% YoY, driven by a +336% increase in GPU consumption. Total remaining performance obligations grew to $97B (+49% YoY), and operating income rose to $4.2B (+17% YoY) with a 30% margin. CEO Safra Catz emphasized, "Record level AI demand drove Oracle Cloud Infrastructure revenue up 52% in Q2, a much higher growth rate than any of our hyperscale cloud infrastructure competitors." Oracle was down 7% after hours and is up 80% YTD.

6. China’s Politburo, the top decision-making body of the Communist Party led by President Xi Jinping, has shifted to a “moderately loose” monetary policy for 2025, marking the first departure from its “prudent” stance since 2011. The 24-member decision-making body also pledged a “more proactive” fiscal policy to bolster spending and stabilize growth amid economic challenges. This policy adjustment aims to address sluggish growth, brace for potential headwinds like proposed U.S. tariffs, and boost confidence in property and stock markets. Emphasizing "extraordinary counter-cyclical policy adjustments," Beijing is preparing targeted measures to strengthen the economy in the face of ongoing uncertainties. $iShares China Large-Cap ETF (FXI.US)$ , the China large cap ETF, was up 8% today. $Alibaba (BABA.US)$ $JD.com (JD.US)$ $NIO Inc (NIO.US)$ $Baidu (BIDU.US)$ all benefited from the China stimulus news today.

7. BofA Securities Downgraded $SoFi Technologies (SOFI.US)$ to Underperform from Neutral with a price target of $12. They wrote: "Shares for SoFi Technologies are up 120% over the last three months compared to a +11% move in the S&P 500, in part due to the Trump Election and favorable 3Q results. SOFI’s recent execution has been solid and we expect the student loan refinance business to benefit from less generous loan forgiveness policies in a Trump administration. That said, after the rally, we believe valuation is ahead of fundamentals and SOFI is priced to perfection. SOFI has already provided long-term guidance (2026 EPS of $0.55-$0.80) and even assuming SOFI achieves the high-end of the range, shares are trading at 20x ’26 EPS, a premium to peers. At this valuation, we view risk-reward less favorably and downgrade from Neutral to Underperform."

8. Deutsche Bank has identified Tesla $Tesla (TSLA.US)$ as a "key investment idea for 2025" and raised its price target for the stock from $295 to $370. The Tesla Model 3 was also November’s fastest-selling used car in the UK. It took 14.7 days to sell on average.

9. Palantir $Palantir (PLTR.US)$ hit an all time high of $82.70 today after winning a $37M one-year extension with the US Special Operations Command. The stock ended down 5% for the day after hitting all time highs. Investors are also awaiting news that Palantir may be rebalanced into the $Invesco QQQ Trust (QQQ.US)$ ETF this Friday. Additionally, Elon Musk shared a video to his 200M+ followers of Palantir CEO Alex Karp discussing why it's important for America to be feared around the world from a panel at the Reagan National Defense Forum this weekend. The video reached over 30M views.

10. $NVIDIA (NVDA.US)$ China's market regulator has initiated an antitrust investigation into NVIDIA, suspecting breaches of anti-monopoly laws. This regulatory scrutiny comes in the context of broader U.S.-China tech trade relations, where the U.S. has imposed restrictions on chip exports to China, leading to retaliatory measures from China. Nvidia was down 2.5% on the news.

11. Oppenheimer predicts the S&P 500 $S&P 500 Index (.SPX.US)$ will reach 7,100 by 2025, citing 10% earnings growth with projected S&P earnings of $275 in 2025 (up from $250 in 2024), a forward P/E multiple of 25.8x, and AI advancements driving productivity gains across all 11 sectors. Oppenheimer sees resilient economic growth, sector rotation, and job creation as indicators of a strengthening bull market, with preferred sectors including tech, communications, consumer discretionary, financials, and industrials. Small and mid-cap stocks are also expected to rally as the Fed eases rates. Comparing AI’s transformative potential to the rise of the automobile in the 1920s, Oppenheimer calls it a “watershed moment” for the economy.

12. $Amazon (AMZN.US)$ Amazon shareholders have requested that the Board conduct an assessment to determine if adding Bitcoin $BTC to the Company's treasury is in the best long-term interests of shareholders. Microsoft $Microsoft (MSFT.US)$ shareholders did the same two weeks ago. No Mag 7 company besides $Tesla (TSLA.US)$ has yet to put Bitcoin on their balance sheet. Tesla's Bitcoin is now worth over $1B.