Good Morning. This is the Investor Lookout with the daily digest.

Here’s what we got today:

• 🤖 Nvidia Rides AI Wave to Another Record Quarter

• ✈️ Delta's CEO Calls Trump Administration a 'Breath of Fresh Air'

Nvidia Rides AI Wave to Another Record Quarter

Forget cooling issues—Nvidia's earnings are the real heat. Nvidia ($NVDA) continues to ride the AI wave, crushing Q3 expectations with a 94% year-on-year revenue surge to $35.1 billion. Profits came in at $19.3 billion, a 109% increase from last year, while gross margins decreased to 74.6% from 75.1% the previous quarter. The data center segment, the AI powerhouse, generated $30.8 billion in revenue, exceeding analysts' $28 billion forecast. Despite some concerns about delays and overheating in its latest Blackwell chips, CEO Jensen Huang assured that production is "in full steam." 

• Nvidia's stock fell 1% before the earnings report and 2% in after-market trading

• The Blackwell overheating concerns were dismissed by Nvidia, saying they are "normal and expected"

Delta's CEO Calls Trump Administration a 'Breath of Fresh Air'

Delta's CEO is expecting a smooth flight with Trump at the helm. Ed Bastian is looking forward to the Trump administration, saying that Trump's approach to regulation could "be a breath of fresh air" after he characterized the Biden administration as a "level of overreach." The industry has clashed with the Department of Transportation under Secretary Pete Buttigieg over consumer protection rules and other regulations. Former Congressman Sean Duffy is Trump's choice for the DOT and is set to rebuild the country's infrastructure.

• Delta ($DAL) is expecting sales and profit growth in the near future, suggesting robust consumer demand

• Analysts and industry insiders anticipate the next administration will be more open to mergers and consolidation

Markets

Euro-dollar parity is back in focus as Trump win sparks trade jitters. Economists predict euro could hit parity with USD by end of 2025, driven by Trump's proposed tariffs of 10% universal and 60% on Chinese goods. [Read]

European Central Banks warns of trade tension risks to euro zone financial stability. The ECB found in its biannual Financial Stability Review that rising global trade tensions pose a significant risk to the euro zone. [Read]

Japan set to approve $87 billion economic stimulus this week. Japan's ruling coalition reached an agreement with the opposition on the draft of a major stimulus package worth $87 billion aimed at helping households deal with rising prices. [Read]

Business

McDonald’s preparing a 2025 ‘McValue’ offering. The iconic fast food chain plans to launch a new "McValue" meal in 2025 priced at $5 for the first half of the year, along with a "buy one add one" option. [Read]

TSMC’s move to cut off Chinese chip firms weighs on annual Beijing semiconductor forum. TSMC's ($TW2330) decision to block shipments to Chinese chip companies has become a key issue at China's largest semiconductor conference. [Read]

Seven & i shares surge on report its founding family is raising over $50 billion to take the firm private. Seven & I ($JP3382) stock jumped nearly 11% following reports that its founding family plans to raise $51.66 billion to take the company private in 2025. [Read]

Start Investing Early. “The best time to plant a tree was 20 years ago. The second-best time is now.” — Chinese proverb.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.