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SoftBank Exits Nvidia Stake

SoftBank Group has sold its entire holding in Nvidia for approximately $5.83 billion, exiting one of the most lucrative bets in the global technology sector as artificial intelligence valuations reach record highs.

The transaction marks the conclusion of SoftBank’s long-standing association with Nvidia, during a period in which the chipmaker’s shares have soared on surging demand for artificial intelligence hardware and software.

The decision drew attention across the investment community, with several analysts surprised by the timing of SoftBank’s move given Nvidia’s persistent momentum and forecasts for growth within artificial intelligence markets. Nvidia’s shares have more than tripled in value over the past two years, fueled by its dominance in graphics processing units widely used in artificial intelligence applications.

You can read more on the matter here.

What’s going on?

• The Real Move Begins When They Cut Rates | Peter Krauth (theDeepDive)

• Senate Passes Measure to End Government Shutdown (WSJ)

• Michael Burry Flags Big Tech’s Depreciation Tweaks Could Overstate Earnings (theDeepDive)

• Canada issued 9,995 permits to Indian students from Jan-Aug — compared to 76,930 last year (NP)

• US equity fund inflows surge to a five-week high (Reuters)

• Ottawa Targets 300K Supplementary Reserve From Public Volunteers (theDeepDive)

• U.S. pushes drugmakers to reveal confidential details of contracts with Canada, other countries (Globe)

• Credit Agency Flags Budget 2025 Could Erode Federal Finances (theDeepDive)

• Reverse mortgages edge up as US economy squeezes older Americans (FT)

What’s the latest?

• Boeing: Boeing delivered 53 jets in October, bringing 2025’s total to 493, its highest pace since 2018. Deliveries included 39 Boeing 737 MAX, 7 Dreamliners, 2 777 freighters, and 4 767s. The company logged 15 new orders (8 for 737s, 7 for 787s) but had 7 cancellations, for a net of 8. Boeing has 782 net orders YTD and a backlog of 5,911 jets, still trailing Airbus’s 585 deliveries this year; its stock rose 0.1% to $194.81, up 13.4% YTD.

• Markets: U.S. stocks traded mixed on Tuesday, with the S&P 500 down 0.2%, Nasdaq down 0.4%, and the Dow up 0.2%. Nvidia fell 2.1% after SoftBank sold its US$5.83B stake, dragging the S&P 500 lower. CoreWeave dropped 11.8% on supply-chain delays, while BigBear.ai surged 16.9% after strong earnings and a US$250M acquisition. Paramount Skydance rose 9.4% after raising cost-cutting goals to US$3B by 2026 despite missing forecasts.

• MEG: MEG Energy Corp. reported Q3 net earnings of $159 million, down from $167 million a year earlier, with EPS steady at $0.62. Revenue slipped to $1.18 billion from $1.27 billion, despite record production of 108,166 barrels per day (up from 103,298). The update follows shareholder approval of Cenovus Energy’s $8.6-billion takeover, expected to close later this month pending final approvals.

• Greenwashing: Canada plans to scale back its greenwashing laws, removing requirements that environmental claims use “internationally recognized methodology” and ending the ability for third parties to challenge claims. The core rule against false or misleading claims remains, but standards for evidence may be lower. Business groups support the move for reducing red tape, while environmental groups criticize it as weakening accountability.

• Crypto: The number of digital asset treasury (DAT) companies has surged to 200+ firms with a combined market cap of US$150B, tripling from last year, as firms stockpile crypto like bitcoin. Facing bitcoin’s slump, newer entrants are shifting to riskier tokens (e.g., BERA, NEAR, Canton Coin) to seek higher returns. DATs raised over $15B via PIPE dealssince April, but many now trade below their net asset value, with retail investors losing about $17B. DATs collectively hold 4% of bitcoin, 3.1% of ether, and 0.8% of solana, amplifying their market impact and volatility risk.

Coeur Mining to Acquire New Gold

The stock market and stuff

• SSR Mining Outlines $824 Million NPV, 12 Year Life Of Mine For Cripple Creek (theDeepDive)

• CoreWeave CEO responds to data center delays as stock plunges. Core Scientific shares fall (CNBC)

• Aya Gold & Silver Q3 2025: Revenue Surges On Zgrounder Ramp-Up (theDeepDive)

In the juniors

• Marimaca Copper Receives Environmental Approval For Oxide Project (theDeepDive)

• enCore Energy Narrows Loss By 67% In Q3 2025 On Stronger Margins (theDeepDive)

• Tilt Holdings Latest Cannabis Firm To File Under CCAA, Wiping Out Shareholders (theDeepDive)

• 1911 Gold Hits 24.83 g/t Gold Over 2.60 Metres At True North (theDeepDive)

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