The Kobeissi Letter
Nvidia forecasts $108B Q3 revenue, excluding China data center sales
Nvidia reported record results and guidance: $96.2 billion revenue last quarter and $108 billion guided for Q3, totaling $204.2 billion across two...
Nvidia shares drop 4% despite record $96.2B quarterly revenue
Nvidia shares fell 4% despite reporting record quarterly revenue of $96.2 billion, beating revenue and EPS expectations and issuing...
Nvidia is expected to report $92.3B quarterly revenue today
Nvidia is set to report an estimated $92.3 billion in quarterly revenue today. This implies 1,278% revenue growth over four years and roughly $90...
US July PCE inflation beats forecast at 3.7% vs 3.6%
US July PCE inflation rose to 3.7% versus expectations of 3.6%. Core PCE registered 3.3%, the second-highest reading since October 2024. Inflation...
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Solana onchain transactions hit 4.2B in July, up 13.5% MoM
Solana onchain activity reached a record 4.2 billion transactions in July: up 13.5% month over month and up 91% versus December 2025, an increase of...
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Canada imposes 50% tariffs on $20B in US imports
Canada imposed 50% retaliatory tariffs on approximately $20 billion of annual US imports, mirroring President Trump’s tariffs on a dollar-for-dollar...
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Trump proposes $103,265 H‑1B fee, capping new visas at 85,000
The Trump Administration proposed a new H-1B visa fee of $103,265 that would apply to most new applicants, including those already in the United...
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Trump threatens sanctions on countries doing business with Iran
President Trump announced new measures against Iran described as “the most crushing economic operation ever taken against a country.” He stated that...
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Moderna jumps 212% after positive phase 3 cancer prevention results
Positive phase 3 cancer-prevention results from Moderna’s first mRNA treatment triggered an exceptional after-hours move in Moderna stock: +212% on...
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US national debt reaches $40 trillion for the first time
Total US debt reached $40 trillion for the first time. Per-capita burden: $119,699 per American. Debt has increased by $17 trillion since 2020 and...
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Bitcoin jumps 7% as $1.2B shorts get liquidated in an hour
Bitcoin rose more than 7%, reaching its highest level since June 2. Roughly $1.2 billion in short positions were liquidated within 60 minutes,...
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US Treasury doubles long-term bond buybacks to at least $4B
The US Treasury will double long-term Treasury buybacks after a rapid surge in yields. Repurchases will rise from $2 billion to at least $4 billion...
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Moderna stock jumps 110% on first positive Phase 3 cancer vaccine
Moderna’s stock (MRNA) rose more than 110% after reporting the first positive Phase 3 results for a personalized cancer vaccine. The milestone...
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Trump claims Strait of Hormuz as new US territory on social media
A social media post attributed to President Trump claims the Strait of Hormuz is now “new US territory.” Following the post, US oil prices extended...
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Nvidia backs $105 billion OpenAI data center project in Ohio
Nvidia agreed to backstop more than $100 billion for a new OpenAI data center in Ohio, signaling large-scale capital deployment into AI...
