Berkshire just opened a multi-billion-dollar position in one of the biggest winners of the AI and online-ads boom, and the stock jumped. We’ll unpack what that signal really means, where the risks hide, and how to build a calm, long-term entry plan.

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Futures at a Glance 📈
Futures are leaning higher to start the week, with the AI crowd trying to shake off last week’s valuation jitters while a Buffett-backed pop in a certain search-and-YouTube giant helps tech’s mood.


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What to Watch
Premarket Earnings:
XPeng [XPEV]
H World Group [HTHT]
Full Truck Alliance [YMM]
Aramark [ARMK]
Aftermarket Earnings:
Trip.com Group [TCOM]
AECOM [ACM]
XP Inc. [XP]
Helmerich & Payne [HP]
Economic Reports:
Empire State manufacturing survey (Nov): 8:30 am
Fed speakers: Jefferson (9:00 am), Kashkari (1:00 pm), Waller (3:35 pm)

Media & Entertainment
Disney Tries AI Magic, And The Fans Boo The Trailer

Walt Disney Co (NYSE: DIS) just told the world it wants to sprinkle generative AI all over Disney+, letting users make and share their own short-form creations, and the internet promptly grabbed its torches and pitchforks.
Fans and creators are worried this is less of a creative playground and more of cheap AI slop, with people calling for boycotts and reminding the House of Mouse that actual artists still like getting paid.
At the same time, Disney is in a loud carriage fight with YouTube TV, which means some sports fans can’t even watch ESPN’s biggest games without jumping apps or hunting for sketchy streams.
So you’ve got backlash from storytellers and irritation from the sports crowd, all while Disney is trying to prove its streaming strategy and park rebound are still on track.
Put simply, Disney’s still a powerhouse, but it feels like management is stress-testing how far they can push customers before they snap. That’s not a great look when the stock has already had a choppy year and investors would really just like boring, steady progress.
My Take For You: If you’re on the sidelines, wait to see if this AI push and the ESPN standoff actually move the needle on subs and profits, not just Twitter rants. If you already own shares, this is a don’t panic moment.
My Verdict: Solid long-term brand with self-inflicted headaches. Fine as a moderate-sized core name if you can ignore the noise, but not something to overload while management experiments in public.

Mega-Cap Tech
When The Oracle Of Omaha Finally Clicks ‘Add To Cart’ On Google And AI

Alphabet just got the kind of nod you can’t buy with ad dollars: Berkshire Hathaway quietly built a multi-billion-dollar stake, and the stock jumped as traders said, “Oh, now Grandpa likes Google.”
It’s a rare tech bet from the Buffett camp and comes right when everyone is arguing about whether AI spending has gone full bubble or just regular frothy.
The charm here is simple: Alphabet is one of the core players powering AI search, cloud, and ads, but it still trades a bit cheaper than some of the flashier chip names.
If you think AI is a more long-term shift than a short-term fad, owning the “picks and shovels plus ad machine” can feel more comfortable than chasing every new chip or startup.
Of course, Berkshire buying doesn’t mean the stock only goes up from here. AI budgets can get trimmed, regulators love poking big tech, and sentiment around expensive growth can flip fast.
But this is one of those names people reach for when they want quality in a noisy market.
My Take For You: If you’ve been waiting for a grown-up signal to start a position, seeing Berkshire step in may be your nudge. So start small, then add on pullbacks instead of chasing big green days.
My Verdict: High-quality tech anchor that could still compound over time. Makes sense as a long-term core holding, sized so you can sleep at night even when AI headlines swing from euphoria to doom.

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Biotech
Jazz Turns Good Trial News Into A Louder Encore

Jazz Pharmaceuticals just pulled off the biotech version of a sold-out show: its cancer drug Ziihera delivered strong results in a big late-stage trial for certain stomach and esophagus tumors, beating the current standard treatment and giving doctors a real reason to pay attention.
That’s why the stock is popping. This is data that could reshape a niche where patients badly need better options.
In plain English, the drug helped people go longer before their cancer got worse and, in one combo, helped them live longer overall. Now Jazz is lining up the next steps: more detailed data at big medical meetings and a push for regulators to sign off so this can become a first-choice treatment.
That road takes time, paperwork, and more scrutiny, but today’s news moves the company from promising to potential new standard territory.
For us, that means a more interesting pipeline, but also more wait-and-see. Regulators can be picky, competitors don’t stand still, and oncology launches are marathons, not sprints.
My Take For You: If you’re new to the name, don’t chase the first big pop; wait for the dust to settle and use the next pullback or data update as your decision point. If you’re already long, this is a good moment to take a little off the table.
My Verdict: Upgraded from background biotech to a credible growth story with catalysts. Fits best as a mid-sized, higher-risk position for investors comfortable with trial, regulatory, and launch ups and downs.

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Movers and Shakers

Zymeworks [ZYME]: Premarket Move: +57%
This biotech just hit the great news jackpot, with trial results showing its cancer drug could beat the current go-to option. That’s how you get a chart that looks like it drank three energy drinks before the open. It’s suddenly the new kid who might actually make varsity.
Just remember, stocks love to overreact to science headlines and then spend weeks rereading the fine print.
My Take: This one is blowing up, but you should think lotto ticket sizing. Take quick profits on big spikes and don’t assume one strong readout equals a straight line to blockbuster status.
Clearwater Analytics [CWAN]: Premarket Move: +14%
Clearwater’s jumping after chatter that private equity heavyweights might take it off the public market dance floor. Nothing gets a sleepy software stock moving like the words “in talks” and “buyout.” Suddenly, every share looks like it comes with a little takeover lottery stub attached.
But talks can drag, stall, or end in an awkward “we’ve decided to remain friends.”
My Take: If you’re in, ride the rumor but set a line where you’ll step off if the premium doesn’t materialize. If you’re new, don’t chase it, wait for either real terms or a pullback.
Dell Technologies [DELL]: Premarket Move: −5%
Dell’s waking up on the wrong side of the bed after a big bank slapped it with a downgrade and worries that AI server costs are chewing into the story. After a huge multi-year run, this is the market’s way of saying “cool story bro”.
When expectations are sky-high, even a hint of less profit later can knock a favorite name down a few pegs.
My Take: This looks more like a sentiment reset than a full-on disaster. If you’ve been waiting, patience may earn you a better entry over time. If you’re already long, consider trimming if it’s become oversized and be ready for more bumps as the AI-spend math gets recalculated.

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Everything Else
AI-fueled demand is creating a memory chip shortage that now threatens to spill over into phones and cars, not just data centers.
Bitcoin’s slide has some calling for a deeper crypto bear market as liquidity dries up and dip-buyers get quieter.
A White House memo alleging Alibaba tech help for Chinese military targeting throws fresh geopolitics into an already jumpy China trade.
First SoftBank and now Peter Thiel have dumped their Nvidia stakes, turning AI-bubble talk from background noise into a real debate.
Gold is moving in near-lockstep with U.S. stocks, a weird pairing that has some wondering if a bigger risk-off moment is brewing.

That’s all for today. Thank you for reading. If you have any feedback, please reply to this email.
Best Regards,
— Adam Garcia
Elite Trade Club
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