US Stock Markets Decline Sharply – Bitcoin Below $100,000 for the First Time in a Long While – AMD Reports Record Revenues Due to AI Boom – SMCI Plummets After Weak Quarter – Arista Networks Impresses with Growth – Amgen Raises Its Forecasts – IBM to Cut Several Thousand Jobs – Shopify Posts Significant Revenue Increase – CAVA Thrives Despite Weak Consumer Environment – Zoetis Lowers Growth Outlook – Pinterest Utilizes AI Shopping Tools

On Tuesday, November 4, 2025, US stock markets came under pressure following a record streak. The Dow Jones lost 0.5% to 47,085 points, the S&P 500 fell 1.2% to 6,772 points, and the Nasdaq Composite slid 2% to 23,349 points. Weak tech stocks and concerns over high valuations led to profit-taking. Palantir Technologies plummeted 8%, despite the company exceeding expectations in revenue and earnings in Q3 and raising its annual forecast. Analysts pointed to an overheated valuation, and the news of a short position from Michael Burry added...