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☕ Move over Nvidia, Elon’s making his own Blackwell killer

Nov 07, 2025

Howdy! 👋

The markets are apparently not done selling as the shutdown drags on.

I say bring it on (from an investing perspective)!

We’ve been here before.

We’ll be here again.

That’s how the game is played and, believe it or not, a sign that the markets are working normally.

The real money always gets made when the bears come out to play; it’s not apparent until after they’re sent packing.

Doesn’t feel good – I get it – but that doesn’t change the fact that the markets require buying AND selling to work properly. Truth be told and if I’m being honest, even I’m gritting my teeth a bit today, too.

Still.

Take a deep breath like I am.

The game is all about psychology right now.

That, too, is normal.

Strong balance sheets, real profits, and pricing power win every time over time even when it feels like the sky’s falling at moments in time.

Oh, and one other thing, particularly if you’re feeling anxious (and you wouldn’t be alone if you are).

When the bulls and bears fight, it’s the chickens who get slaughtered.

Don’t be a chicken.

The fact that you’re paying attention is GREAT. It’s also a huge advantage over time because it means you’re thinking forward, not cowering in fear. And that’s the sign of a successful investor even though it may not feel that way.

History shows very clearly that being invested in markets that may stink beats waiting to invest in perfect markets.

Here’s my playbook.

1 – Move over Nvidia, Elon’s making his own Blackwell killer

Tesla shareholders have overwhelmingly approved Unka Elon’s new trillion-dollar pay plan. (Read) That’s not the best part, though.

What he said next made my jaw drop.

“We’re developing our next-generation AI inference chip. Compared to Nvidia’s Blackwell, it should use about a third of the power and cost less than ten percent of what Blackwell costs.”

He also said that Tesla may do something meaningful with Intel, but he made it very clear that chips are the limiting factor.

My take?

Unka Elon just mic-dropped another trillion-dollar business… on stage… in front of the media… and the world.

Predictably and as is almost always the case, most people have completely missed it.

Your job as an investor is the same as mine.

To be sure YOU don’t.

Keith’s Investing Tip: Live for the sun that is coming up tomorrow rather than the one that set yesterday.

2 – Ford’s EV fantasy is outta juice

Ford’s electric future just hit another speed bump.

Reports say the company’s considering pulling the plug on its all-electric F-150 Lightning, once hailed as “the most important vehicle since the Model T.”

What d’ya know. 🤦️

It’s hard to build the future when you’re still lugging around the past. (Read)

Ford’s EV unit has been bleeding billions, and Lightning sales have fizzled — fewer than 100,000 since launch. Even record Q3 deliveries couldn’t hide the fact that the math doesn’t add up.

There are only two players in this space able to profitably produce EVs at scale.

Ford isn’t one of ‘em.

Keith’s Investing Tip: Too many investors fall for the same trap — they get emotionally attached to the stocks they own, overlook the warning signs, make excuses, and then wonder where their money went. Love your Ford if you want to — just make sure you love your money more.

3 – Buy ‘em, two of the world’s biggest drug companies just blinked

US President Donald Trump cut a deal with Eli Lilly and Novo Nordisk to slash prices on their blockbuster weight-loss drugs — Wegovy, Zepbound, and the upcoming oral versions. (Read)

Starter doses of the new pills will cost $149 a month, injectables fall to $245 for Medicare and Medicaid, and even cash buyers will see caps around $350. Medicare co-pays? Fifty bucks.

So?

That’s a 50–70% price cut for the most profitable drugs in America and the sound you hear right now is Wall Street’s spreadsheets catching fire.

The White House says what’s happening is about access and affordability.

I agree but there’s something else at work that’s far more significant and potentially profitable.

What’s happening is the world’s biggest game of “chicken” and two of the biggest drug companies on the planet just blinked.

Analysts figure the move could open the market to 15 million new users once the pills hit but I suspect that’s low given the general health of America and Americans these days.

The Street is already saying this’ll hit margins and they’re right.

Short term.

Longer term, this is far more likely to be a gold mine for smart investors.

Keith’s Investing Tip: Every gold rush turns into a price war eventually. Your job is to sort who’s left standing when the dust settles.

My bet is ON big pharma, not against it.

My faves have strong cash flow, fortress-like balance sheet, big pipelines and impressive dividends that go a long way toward stabilizing current market turbulence. Plus, cold hard cash is never a problem, at least to my way of thinking. 💯

OBAers, stick to the plan – this is a GREAT development — the only question is who’s still standing when the dust settles. And, yep… we’ve got some great choices already. 😎

4 – Airbnb: great quarter, same couch

Airbnb popped ~5% after hours following a revenue beat and stronger-than-expected guidance: (Read)

Revenue: $4.10B (+10% YoY) vs. $4.08B expected

EPS: $2.21 vs. $2.34 expected

Net Income: $1.37B (flat YoY)

Bookings: 133.6M nights & experiences (+9% YoY)

Gross Booking Value: $22.9B (+14% YoY)

Adjusted EBITDA: $2.1B — highest in company history

Q4 Revenue Guide: $2.66B–$2.72B (in line)

Wall Street liked it but I’m less impressed.

The story is getting tired.

“Better maps,” “friendlier cancellation options,” and “AI to help hosts” sound nice, but these are incremental refinements, not new engines of growth.

Meanwhile, the structural headaches haven’t gone anywhere… tightening regulations in major cities, hosts squeezed on fees + insurance, travelers pushing back against cleaning rules + service fee shock, governments circling with tourist taxes and compliance demands.

The easy money has been made, imho.

Keith's Investing Tip: Every innovator eventually risks being commoditized so it’s important to understand the distinction between “n+1” businesses and those that are “zero to one” because the investing potential associated with the latter is orders of magnitude bigger.

Hopefully you’ve got this covered with your own portfolio. Meanwhile, I’ll be here if you need me and the idea of “zero to one” choices is helpful.

5 – Distance is optional if this happens, and I hope it does

Qantas is taking “long haul” to a whole new level with Project Sunrise — non-stop flights from Sydney to London and New York that will clock in at 22 hours. (Read)

Seriously.

I’ve taken some long flights in my time (17+ hours) but this is potentially a game changer.

Not because it’ll suddenly cause a flurry of orders for the new Airbus A350-1000ULR that will make the hop. But because it will force a rethink.

That’s how innovation works.

Technology keeps pushing what’s possible, collapsing time and distance in ways that reshape entire industries long before the market catches up.

It’s easy to laugh or roll your eyes at the idea of spending nearly a day in a metal tube with several hundred of your closest friends.

Just remember this.

Profits are always found at the edge of absurdity.

Personally, I’m more inclined to go hypersonic when that’s available, particularly if I can get over the idea that Boeing is involved. Or use a Musk hyperloop that could be even faster.

Still, 22 hours with no connections… hmmm. 🤔

Dinner in Sydney, anyone?