Good Morning. This is the Investor Lookout with the daily digest to make you a smarter investor. (Keep an eye on the Lookout Watch to see how we’re doing!)

Here’s what we got today:

• 🧠 SK Hynix Shares Soar After Nvidia Fast-Tracks AI Memory Order

• 👗 Market Cap Plunge Makes Burberry Prime M&A Target

SK Hynix Shares Soar After Nvidia Fast-Tracks AI Memory Order

Nvidia ($NVDA) is playing Need for Speed with SK Hynix. SK Hynix's ($HY9H) stock jumped 6.5% after SK Group's chairman Chey Tae-won said Nvidia CEO Jensen Huang requested the newest HBM4 (High Bandwith Memory) 6 months faster from the previously announced second-half of 2025. On Monday, the memory manufacturer also announced a new 16-layer HMB, which will go into customers' hands in early 2025. The South Korean giant reported record revenue and profits in Q3 2024, and its stock is up 36% year-to-date. SK Hynix is world's No. 1 AI memory company as rival Samsung is in the process of getting its chips certified by Nvidia.

• Next-generation HBM5 and HBM5E are planned to release between 2028 and 2030

• The company's CEO at the time of the request said it was possible to move the production forward

Market Cap Plunge Makes Burberry Prime M&A Target

Biggest luxury marriage of the year? Miss Tweed, a specialist fashion website, reported that Italian puffer jacket manufacturer Moncler ($MONC) is reportedly considering a bid for British luxury brand Burberry ($BRBY). This comes amid a challenging year for Burberry, which propped a 40% decrease in share price and fueled the potential takeover rumor mill. Current company market cap stands at $3.9 billion, a steep decline from the $12.48 billion all-time high, and triggered the company's exit from FTSE after 15 years. A Moncler investor, LVMH ($MC), supposedly supports the deal through shareholder Bernard Arnault.  

• Burberry sales declined across all major markets, with China’s market having the most substantial loss at 19%

• Moncler refused to comment on "unsubstantiated rumors"

Markets

China urges palatable EV trade solution from EU as France defends bloc. China's Commerce Minister Wang Wentao met with French junior trade minister Sophie Primas to discuss EU's EV tariffs and latest anti-dumping measures imposed on EU brandy by China. [Read]

Putin said Russia wouldn't have to choose between guns or butter. The price of butter is soaring. Despite Vladimir Putin's assurances that Russia can maintain both military and internal production, butter prices have risen 25.7% this year, as the overall trend sparks fear of a surging inflation return. [Read]

Bond investors minimize bets as US election overshadows Fed meeting. Bond investors keep their powder dry as they focus on the upcoming neck-to-neck election rather than the Fed meeting on Thursday. [Read]

Business

Striking Boeing machinists vote on union-backed contract proposal, this time with a warning. Boeing's ($BA) machinists face crucial third vote on contract proposal. The union warns that the 38% increase offer might be the best deal possible. [Read]

Nvidia said to be routing orders away from Super Micro amid accounting woes. An article in Asia states that Nvidia is redirecting orders from Super Micro Computer ($SMCI) following EY's resignation as SMCI auditor over governance and transparency issues. [Read]

Perplexity has a new AI Election Hub — and promises it'll be accurate. The Jeff Bezos and Nvidia-backed AI search company introduced a new platform for election information and promises it will not be plagued with inaccuracies like their premier product. [Read]

Fed tipped to cut interest rates by 25 basis points this week. Investing.com

German companies' hiring plans drop to four-year low, Ifo finds. Reuters

Next U.S. president shouldn’t surrender America’s energy dominance. CNBC

Pakistan loses its edge in supplying China with sesame seeds. FT

The WSJ Dollar Index Falls 0.4% to 98.73. WSJ

Buy now, pay later giant Affirm expands to the UK. CNBC

Ukraine's drone teams are operating like tech startups than military units. BI

Foreign investors fear India’s stock market boom may be over. FT

Franchise Group, Brand Owner Tied to B. Riley, Files for Bankruptcy. WSJ

Opec+ members delay planned rise in oil production. FT

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.