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Top stories today:

1. NVIDIA, AMD should have Arm chips for PCs ready by 2025
2. X: Only 2 of 30 top advertisers have returned: consultancy
3. Ackman no longer bearish on bonds, as rates fall below 5%
4. Hamas releases 2 more hostages, ground invasion delayed

0. Data and calendar

1. NVIDIA, AMD should have Arm chips for PCs ready by 2025, in threat to Intel

Arm stock responded very positively to the news, and Intel's negatively:

• NVIDIA already dominates the AI market.

• Intel today dominates the Arm-based PC market, but its chips’ performance has been lagging Apple's custom chips, prompting rivals to want to compete.

  • Qualcomm has been in the Arm-based market since 2016, but sales have lagged Intel's. - Reuters

2. Only 2 of 30 top 100 advertisers on X have returned, says consultancy, in contrast to X CEO's statements

X CEO Linda Yaccarino said in September that 90% of top advertisers had returned

• “90% of the top 100 advertisers have returned to the platform in the last twelve weeks alone,” Yaccarino said in an awkward interview at the Code conference. - Business Insider

3. NFTs increasingly leveraged for customer loyalty programs*

• 50% of F100 brands have pursued Web3/crypto/blockchain initiatives.

• Nike has earned $185M from NFT sales, generating $1.3B in NFT volume.

• NFTs can be used for customer loyalty programs, not just overpriced JPEGs.

  • NFTs allow you to trade your loyalty points or sell your airline miles. - Magic

Read Magic's white paper to learn more.

*Sponsored.

4. Ackman no longer bearish on bonds, Gross bullish, as rates crash down after hitting 5%