To The Moon

B+D NVIDIA’s biggest risk may not be losing its GPU lead, but discovering how much of that lead is tied to one person. Jensen Huang’s vision helped build CUDA and an ecosystem competitors cannot replicate overnight. Yet founder dependence creates a governance discount when succession, board independence and national-security exposure become questions. The allegations remain unproven, so treating headlines as evidence would be premature. But export-control risk is not hypothetical: NVIDIA’s own filing says licensed H200 shipments to China have been limited and contributed less than 1% of recent Data Center revenue. That shows why policy uncertainty matters more than a dramatic share-price move. I would not call the selloff an automatic bargain. Watch the independent probe, actual licensin

Nvidia. Could rebound soon after sell off. Undervalued stock.

164-168 price range have been tested 4 times in the past years.  Support turn resistance at 172-175 already broken now stocks is heading to another support turn resistance at 183-186 stock had down 28% from the high since the controversy. Dont let the noise disturb us. #nvda

Nebius Group reports third-quarter results before the US open on November 12, and consensus has already fixed the number: $916.8 million of revenue and a loss of $0.61 a share, per Zacks estimates compiled by EBC Financial Group. The stock traded at $141.45 on November 11, roughly 48% below its October high, according to OpenBell and Zhitong Finance. The question this piece answers is not whether Nebius clears $917 million. It is whether a beat still means anything when the company's own full-year guidance demands a fourth quarter of $1.10 billion to $1.50 billion — a step-up no single print can pre-pay. Figure 1 — The four numbers that frame the print: consensus, the Q4 bridge, the capex plan, and the drawdown. Sources: Zacks via EBC Financial Group, 11 Nov 2026; Nebius Q2 2026 shareholde

My strategy: Buy 100 shares of QYLD at a low price, collect its monthly distributions, and sell covered calls to generate additional income while holding the shares. I like strategies that allow me to make my money work in more than one way. Instead of simply buying a stock and waiting for its price to increase, I want to explore how I can generate income while holding an ETF. One ETF that I am using for this strategy is Global X Nasdaq 100 Covered Call ETF (QYLD). My plan is relatively straightforward: * Buy 100 shares of QYLD when the price comes down to an attractive level. * Hold the shares and collect the monthly distributions. * Sell one call option against my 100 shares. * Collect the option premium upfront. * Repeat the process when the existing option expires or is closed, provide

The technology sector stands at a critical strategic junction. Following sharp drawdowns that have pushed major indices and key software/hardware constituents into bear market territory (defined as declines of 20% or more from peak levels), recent price action has shown signs of tactical recovery. In this article, we would be addressing macro trends, yield environments, and strategic positioning. We will also be discussing a structured portfolio framework which include detailed breakdown of Bull vs. Bear cases, Core-Satellite model, multi-tranche Dollar-Cost Averaging (DCA), sub-sector weighting matrix, and actionable risk management checklists. 1. The Bull vs. Bear Dilemma: Deconstructing the Rebound Equity markets frequently exhibit deceptive counter-trend rallies during broader cyclical

I remain bullish on $NVIDIA(NVDA)$ long-term fundamentals. Its CUDA ecosystem, technology leadership and strong AI demand will not disappear because of negative headlines. However, this situation highlights governance and geopolitical risks, especially given investors' strong reliance on Jensen Huang. Personally, I am more concerned about potential changes in US-China chip export restrictions than the investigation itself. I will be watching the investigation outcome and November 17 earnings for any impact on revenue growth and business outlook. $Advanced Micro Devices(AMD)$ is also worth watching as a potential benefi

  Hello everyone! Today, we review the latest technical outlook for the Hang Seng Index, Nasdaq 100, Gold and WTI crude. The Hang Seng is retesting key support, while Nasdaq’s rebound is approaching its 200-day moving average. Gold remains capped by overhead resistance, while oil is trying to stabilize in a key support zone. Stronger U.S. inflation has added interest rate pressure. Hopes of easing U.S.-Iran tensions and encouraging AI news are also shaping market pricing. We assess fundamentals alongside price structure to identify key support, resistance and the confirmation needed for further moves. Hang Seng: Support Retest, Recovery Still Unconfirmed Hong Kong’s GDP grew 5.1% year over year in the first three quarters, supporting local equities. However, mainland China’s Octo

Sea Limited ( $Sea Ltd(SE)$ ) just delivered a classic "top-line beat, bottom-line bifurcation" quarter. Total revenue hit $8.6 billion (+43% YoY), comfortably beating consensus. But Adjusted EBITDA came in at just $930 million (+29% YoY). The story is clear: Shopee is in a golden harvesting phase, printing cash through surging monetization. But those profits are being aggressively eaten away by Monee’s ballooning credit loss provisions and Garena’s decelerating bookings. Here is the deep dive into the three-headed machine—and why the market needs to focus on the hidden cracks. 1. The Business Model: Three Distinct Engines Shopee (E-commerce): A two-sided network monetized through transaction commissions, advertising, and value-added services. It bu

After last week’s sharp technology sell-off, the market is showing signs of recovery. CoreWeave’s latest earnings have helped ease concerns about AI demand, but hotter-than-expected US inflation has created a new challenge for growth stocks. I think today’s opportunities are worth looking at from two angles: whether AI infrastructure can sustain its recovery, and whether other sectors can attract investors looking beyond technology. Here are four stocks on my watchlist. 1. $Corteva, Inc.(CTVA)$ – A non-tech earnings opportunity Corteva is an agricultural science company focused on seeds and crop protection. It is due to release its third-quarter results after the US market closes today. Analysts are expecting approximately $1.8 billion in rev

【PERFORMANCE AT A GLANCE 】 【PRODUCT COMMENTARY 】 Money Market Fund  US$ MMF net 7-day yield: 3.65%   7-day net yield is calculated using calendar days and NAVs rounded to five decimal places.  US Treasury yields declined across the curve following the 3 November US midterm elections, with the front end leading the rally. The Democratic sweep in the US election eased political uncertainty and led to speculation of Iran war ending sooner, which resulted in oil prices plunging. The risk-off move in technology shares reinforced safe haven demand.   OIS markets’ rate-hike pricing for 2027 had been pared back. Focus turns to US CPI on 10 November, followed by jobless claims on 12 November and PPI on 13 November.  S-REITs  SRT YTD total return: -7.07%&

【PERFORMANCE AT A GLANCE 】 【PRODUCT COMMENTARY 】 Money Market Fund  US$ MMF net 7-day yield: 3.65%   7-day net yield is calculated using calendar days and NAVs rounded to five decimal places.  US Treasury yields declined across the curve following the 3 November US midterm elections, with the front end leading the rally. The Democratic sweep in the US election eased political uncertainty and led to speculation of Iran war ending sooner, which resulted in oil prices plunging. The risk-off move in technology shares reinforced safe haven demand.   OIS markets’ rate-hike pricing for 2027 had been pared back. Focus turns to US CPI on 10 November, followed by jobless claims on 12 November and PPI on 13 November.  S-REITs  SRT YTD total return: -7.07%&

Didn't expect NVIDIA's biggest headline this week to have nothing to do with GPUs. $英伟达(NVDA)$ On November 8, NVIDIA's board announced an independent investigation following reports that CEO Jensen Huang may have been targeted by a foreign intelligence operation. Two days later, the company confirmed that it had hired former federal prosecutor Joon H. Kim and his law firm to conduct the investigation. According to Reuters, NVIDIA lost roughly $430 billion in market value over two trading sessions, with shares down about 9.5% since the controversy began. That's an enormous amount of value disappearing in just a couple of days. But what interests me more isn't the scandal itself. It's what this situation tells us about NVIDIA's gover

$S&P 500(.SPX)$   $Intel(INTC)$   $Advanced Micro Devices(AMD)$   $NVIDIA(NVDA)$   $CoreWeave, Inc.(CRWV)$   Market sentiment today, November 11, 2026, is dominated by lingering tech sector headwinds following elevated CPI inflation print and high-profile individual catalyst events across semiconductors and AI cloud infrastructure. Here are the primary stocks driving market discussion today: 1. CoreWeave (CRWV) — After-Hours Surge (+7.9%)  * The News: CoreWeave reported Q3 revenue of $3.66 billion, topping Wall Street estimate

Weekly Macro Strategy Overview Welcome to this week’s macro strategy report. Each edition brings together market views from community contributors with relevant professional credentials. We also track how their strategies play out each week. Here are this week’s key takeaways: 1. The Rebound Arrives as Weekly Downside Risk Builds The rebound offers little assurance that risks have cleared. The recovery from the lower edge of the previous trading range broadly matched expectations. The next phase is more likely to bring repeated swings within a broad range. A sustained uptrend may take longer to resume. Over the next two weeks, both a crash and a quick breakout to new highs appear unlikely. After consolidation, base-building and a downside break look roughly equally likely. Remain

Rigetti Computing $Rigetti Computing(RGTI)$ reported third-quarter 2026 revenue of USD 1.411 million after the US close on November 10 — down 27.5% year over year, down 72.5% sequentially, and roughly 60% below the USD 3.52 million consensus. In the same quarter its Cepheus-1-108Q system hit a 99.5% median two-qubit gate fidelity, exactly the target management had set. The stock closed at USD 12.15, off 6.4%, then fell further after hours. Management reiterated a full-year target of about USD 20 million, which now depends on one customer in India passing an acceptance test before December 31. The question is not why revenue missed. It is what a USD 4.1 billion market capitalisation owns when the rest of the year is a single purchase order. Figure

When Warren Buffett starts adding to an investment that already represents a substantial ownership stake, investors should probably pay attention. Berkshire Hathaway has reportedly purchased approximately 924,281 additional shares of Sirius XM (NASDAQ: SIRI) for around US$26.9 million, across transactions between 30 October and 3 November 2026. That brings Berkshire’s reported holding to approximately 125.7 million shares, representing roughly 37% of Sirius XM. This isn’t a speculative toe-dip. It’s a substantial commitment to a business many investors have arguably written off as yesterday’s technology. But here’s the interesting question: Why would Berkshire continue buying a satellite radio company when the investment world is obsessed with AI, semiconductors and high-growth technology

Musk's Misses Hurt TSLA & His Credibility In my 2024’s post on 23 April, I have listed all the misses Mr Musk has achieved. click here ! to read about it. There will be a new addition soon - “Tesla will stop making Cybertrucks next year”. (see below) On Fri, 06 Nov 2026, $Tesla Motors(TSLA)$ CEO Elon Musk said the EV maker will be “winding down” production of Cybertruck at its Texas gigafactory around mid 2027, even though Musk had previously hailed it as the future of the pickup truck. Built exclusively at the Texas plant alongside the Model Y and Cybercab, a 2-seater that CEO Musk has touted as a c

Anthropic launched its roadshow on 10 November with 825 million Class A shares at $70 to $78, a Nasdaq listing under the ticker ANT, and a base raise of $57.75 billion to $64.35 billion before a greenshoe of up to 123.75 million shares (CNR; China Securities Journal). At the top of the range the fully diluted valuation is $1.405 trillion (Securities Times). It is the largest US tech listing since SpaceX raised roughly $85 billion in June — and the first where the company's own suppliers are also its anchor investors. Seven of them signed a $26 billion private placement at the IPO price: Alphabet, Microsoft, Nvidia, AMD, Broadcom, Micron and TSMC (Reuters). The question is not whether the deal clears. It is who carries the risk once the AI financing loop is printed in a public filing — and

🌟🌟🌟Singapore banks ticked higher on Tuesday 10 November, staging a powerful recovery with all 3 banks closing higher. While the latest US hot inflation print sent a shudder through the US markets overnight, it has handed a fundamental gift to Singapore's financial sector. What Is Actually Fueling The Fire? This sector wide surge isn't just short term volatility.  The sudden upward momentum is driven by a unique mix of global macro shifts and crucial domestic catalysts: The Higher For Longer Interest Rate Lifeline: In the stock market, sticky inflation is usually treated as a villain.  However for commercial banks, it is an absolute tailwind.  Markets are now aggressively pricing a prolonged rate environment from the US Federal Reserve, with some governors even floating a 50

Nebius Group reports third-quarter results before the US open on November 12, and consensus has already fixed the number: $916.8 million of revenue and a loss of $0.61 a share, per Zacks estimates compiled by EBC Financial Group. The stock traded at $141.45 on November 11, roughly 48% below its October high, according to OpenBell and Zhitong Finance. The question this piece answers is not whether Nebius clears $917 million. It is whether a beat still means anything when the company's own full-year guidance demands a fourth quarter of $1.10 billion to $1.50 billion — a step-up no single print can pre-pay. Figure 1 — The four numbers that frame the print: consensus, the Q4 bridge, the capex plan, and the drawdown. Sources: Zacks via EBC Financial Group, 11 Nov 2026; Nebius Q2 2026 shareholde

My strategy: Buy 100 shares of QYLD at a low price, collect its monthly distributions, and sell covered calls to generate additional income while holding the shares. I like strategies that allow me to make my money work in more than one way. Instead of simply buying a stock and waiting for its price to increase, I want to explore how I can generate income while holding an ETF. One ETF that I am using for this strategy is Global X Nasdaq 100 Covered Call ETF (QYLD). My plan is relatively straightforward: * Buy 100 shares of QYLD when the price comes down to an attractive level. * Hold the shares and collect the monthly distributions. * Sell one call option against my 100 shares. * Collect the option premium upfront. * Repeat the process when the existing option expires or is closed, provide

The technology sector stands at a critical strategic junction. Following sharp drawdowns that have pushed major indices and key software/hardware constituents into bear market territory (defined as declines of 20% or more from peak levels), recent price action has shown signs of tactical recovery. In this article, we would be addressing macro trends, yield environments, and strategic positioning. We will also be discussing a structured portfolio framework which include detailed breakdown of Bull vs. Bear cases, Core-Satellite model, multi-tranche Dollar-Cost Averaging (DCA), sub-sector weighting matrix, and actionable risk management checklists. 1. The Bull vs. Bear Dilemma: Deconstructing the Rebound Equity markets frequently exhibit deceptive counter-trend rallies during broader cyclical

Weekly Macro Strategy Overview Welcome to this week’s macro strategy report. Each edition brings together market views from community contributors with relevant professional credentials. We also track how their strategies play out each week. Here are this week’s key takeaways: 1. The Rebound Arrives as Weekly Downside Risk Builds The rebound offers little assurance that risks have cleared. The recovery from the lower edge of the previous trading range broadly matched expectations. The next phase is more likely to bring repeated swings within a broad range. A sustained uptrend may take longer to resume. Over the next two weeks, both a crash and a quick breakout to new highs appear unlikely. After consolidation, base-building and a downside break look roughly equally likely. Remain

  Hello everyone! Today, we review the latest technical outlook for the Hang Seng Index, Nasdaq 100, Gold and WTI crude. The Hang Seng is retesting key support, while Nasdaq’s rebound is approaching its 200-day moving average. Gold remains capped by overhead resistance, while oil is trying to stabilize in a key support zone. Stronger U.S. inflation has added interest rate pressure. Hopes of easing U.S.-Iran tensions and encouraging AI news are also shaping market pricing. We assess fundamentals alongside price structure to identify key support, resistance and the confirmation needed for further moves. Hang Seng: Support Retest, Recovery Still Unconfirmed Hong Kong’s GDP grew 5.1% year over year in the first three quarters, supporting local equities. However, mainland China’s Octo

Sea Limited ( $Sea Ltd(SE)$ ) just delivered a classic "top-line beat, bottom-line bifurcation" quarter. Total revenue hit $8.6 billion (+43% YoY), comfortably beating consensus. But Adjusted EBITDA came in at just $930 million (+29% YoY). The story is clear: Shopee is in a golden harvesting phase, printing cash through surging monetization. But those profits are being aggressively eaten away by Monee’s ballooning credit loss provisions and Garena’s decelerating bookings. Here is the deep dive into the three-headed machine—and why the market needs to focus on the hidden cracks. 1. The Business Model: Three Distinct Engines Shopee (E-commerce): A two-sided network monetized through transaction commissions, advertising, and value-added services. It bu

Rigetti Computing $Rigetti Computing(RGTI)$ reported third-quarter 2026 revenue of USD 1.411 million after the US close on November 10 — down 27.5% year over year, down 72.5% sequentially, and roughly 60% below the USD 3.52 million consensus. In the same quarter its Cepheus-1-108Q system hit a 99.5% median two-qubit gate fidelity, exactly the target management had set. The stock closed at USD 12.15, off 6.4%, then fell further after hours. Management reiterated a full-year target of about USD 20 million, which now depends on one customer in India passing an acceptance test before December 31. The question is not why revenue missed. It is what a USD 4.1 billion market capitalisation owns when the rest of the year is a single purchase order. Figure

【PERFORMANCE AT A GLANCE 】 【PRODUCT COMMENTARY 】 Money Market Fund  US$ MMF net 7-day yield: 3.65%   7-day net yield is calculated using calendar days and NAVs rounded to five decimal places.  US Treasury yields declined across the curve following the 3 November US midterm elections, with the front end leading the rally. The Democratic sweep in the US election eased political uncertainty and led to speculation of Iran war ending sooner, which resulted in oil prices plunging. The risk-off move in technology shares reinforced safe haven demand.   OIS markets’ rate-hike pricing for 2027 had been pared back. Focus turns to US CPI on 10 November, followed by jobless claims on 12 November and PPI on 13 November.  S-REITs  SRT YTD total return: -7.07%&

【PERFORMANCE AT A GLANCE 】 【PRODUCT COMMENTARY 】 Money Market Fund  US$ MMF net 7-day yield: 3.65%   7-day net yield is calculated using calendar days and NAVs rounded to five decimal places.  US Treasury yields declined across the curve following the 3 November US midterm elections, with the front end leading the rally. The Democratic sweep in the US election eased political uncertainty and led to speculation of Iran war ending sooner, which resulted in oil prices plunging. The risk-off move in technology shares reinforced safe haven demand.   OIS markets’ rate-hike pricing for 2027 had been pared back. Focus turns to US CPI on 10 November, followed by jobless claims on 12 November and PPI on 13 November.  S-REITs  SRT YTD total return: -7.07%&

Musk's Misses Hurt TSLA & His Credibility In my 2024’s post on 23 April, I have listed all the misses Mr Musk has achieved. click here ! to read about it. There will be a new addition soon - “Tesla will stop making Cybertrucks next year”. (see below) On Fri, 06 Nov 2026, $Tesla Motors(TSLA)$ CEO Elon Musk said the EV maker will be “winding down” production of Cybertruck at its Texas gigafactory around mid 2027, even though Musk had previously hailed it as the future of the pickup truck. Built exclusively at the Texas plant alongside the Model Y and Cybercab, a 2-seater that CEO Musk has touted as a c

Didn't expect NVIDIA's biggest headline this week to have nothing to do with GPUs. $英伟达(NVDA)$ On November 8, NVIDIA's board announced an independent investigation following reports that CEO Jensen Huang may have been targeted by a foreign intelligence operation. Two days later, the company confirmed that it had hired former federal prosecutor Joon H. Kim and his law firm to conduct the investigation. According to Reuters, NVIDIA lost roughly $430 billion in market value over two trading sessions, with shares down about 9.5% since the controversy began. That's an enormous amount of value disappearing in just a couple of days. But what interests me more isn't the scandal itself. It's what this situation tells us about NVIDIA's gover

Anthropic launched its roadshow on 10 November with 825 million Class A shares at $70 to $78, a Nasdaq listing under the ticker ANT, and a base raise of $57.75 billion to $64.35 billion before a greenshoe of up to 123.75 million shares (CNR; China Securities Journal). At the top of the range the fully diluted valuation is $1.405 trillion (Securities Times). It is the largest US tech listing since SpaceX raised roughly $85 billion in June — and the first where the company's own suppliers are also its anchor investors. Seven of them signed a $26 billion private placement at the IPO price: Alphabet, Microsoft, Nvidia, AMD, Broadcom, Micron and TSMC (Reuters). The question is not whether the deal clears. It is who carries the risk once the AI financing loop is printed in a public filing — and

After last week’s sharp technology sell-off, the market is showing signs of recovery. CoreWeave’s latest earnings have helped ease concerns about AI demand, but hotter-than-expected US inflation has created a new challenge for growth stocks. I think today’s opportunities are worth looking at from two angles: whether AI infrastructure can sustain its recovery, and whether other sectors can attract investors looking beyond technology. Here are four stocks on my watchlist. 1. $Corteva, Inc.(CTVA)$ – A non-tech earnings opportunity Corteva is an agricultural science company focused on seeds and crop protection. It is due to release its third-quarter results after the US market closes today. Analysts are expecting approximately $1.8 billion in rev

When Warren Buffett starts adding to an investment that already represents a substantial ownership stake, investors should probably pay attention. Berkshire Hathaway has reportedly purchased approximately 924,281 additional shares of Sirius XM (NASDAQ: SIRI) for around US$26.9 million, across transactions between 30 October and 3 November 2026. That brings Berkshire’s reported holding to approximately 125.7 million shares, representing roughly 37% of Sirius XM. This isn’t a speculative toe-dip. It’s a substantial commitment to a business many investors have arguably written off as yesterday’s technology. But here’s the interesting question: Why would Berkshire continue buying a satellite radio company when the investment world is obsessed with AI, semiconductors and high-growth technology

🌟🌟🌟Singapore banks ticked higher on Tuesday 10 November, staging a powerful recovery with all 3 banks closing higher. While the latest US hot inflation print sent a shudder through the US markets overnight, it has handed a fundamental gift to Singapore's financial sector. What Is Actually Fueling The Fire? This sector wide surge isn't just short term volatility.  The sudden upward momentum is driven by a unique mix of global macro shifts and crucial domestic catalysts: The Higher For Longer Interest Rate Lifeline: In the stock market, sticky inflation is usually treated as a villain.  However for commercial banks, it is an absolute tailwind.  Markets are now aggressively pricing a prolonged rate environment from the US Federal Reserve, with some governors even floating a 50

B+D NVIDIA’s biggest risk may not be losing its GPU lead, but discovering how much of that lead is tied to one person. Jensen Huang’s vision helped build CUDA and an ecosystem competitors cannot replicate overnight. Yet founder dependence creates a governance discount when succession, board independence and national-security exposure become questions. The allegations remain unproven, so treating headlines as evidence would be premature. But export-control risk is not hypothetical: NVIDIA’s own filing says licensed H200 shipments to China have been limited and contributed less than 1% of recent Data Center revenue. That shows why policy uncertainty matters more than a dramatic share-price move. I would not call the selloff an automatic bargain. Watch the independent probe, actual licensin

$S&P 500(.SPX)$   $Intel(INTC)$   $Advanced Micro Devices(AMD)$   $NVIDIA(NVDA)$   $CoreWeave, Inc.(CRWV)$   Market sentiment today, November 11, 2026, is dominated by lingering tech sector headwinds following elevated CPI inflation print and high-profile individual catalyst events across semiconductors and AI cloud infrastructure. Here are the primary stocks driving market discussion today: 1. CoreWeave (CRWV) — After-Hours Surge (+7.9%)  * The News: CoreWeave reported Q3 revenue of $3.66 billion, topping Wall Street estimate

NYSE: $NU | Nubank | November 12 earnings watch NU was already an interesting growth story heading into earnings. Now it has become a much more complicated investment proposition. Brazil’s October presidential election has delivered a significant shock to financial markets, and Nubank has been caught directly in the crossfire. The question investors should be asking isn’t simply whether NU beats earnings expectations. It’s whether the political and economic environment has fundamentally changed the company’s growth and profitability outlook. 🇧🇷 1. The election shock is REAL – and the numbers are substantial. Following President Lula’s re-election on October 25, Brazilian markets experienced an extraordinary repricing. The Bovespa plunged 13.9% on October 26, while the Brazilian real suffer

The Market Followed Last Week’s Road Map Almost to the Letter Here is my conclusion up front: the market may be setting up for a major selloff on a weekly time frame. But the key word this week is setting up. The selloff has not arrived yet. This is precisely when investors are most likely to let their guard down: after a sharp drop, when the rebound they were waiting for finally appears. $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2612(ESmain)$ $Micro E-mini S&P 500 - main 2612(MESmain)$ $Cboe Volatility Index(VIX)$ Last week, I s

 Sometimes the biggest investment opportunity isn’t buying the market leader. It’s identifying the competitor quietly taking market share. That’s why Advanced Micro Devices (NASDAQ: AMD) deserves serious attention. AMD surged approximately 13.3% on Monday, following an upgrade from Oppenheimer to Outperform, accompanied by a $600 price target. But here’s what I find more interesting: the underlying business is beginning to justify the excitement. 🔥 The numbers investors shouldn’t ignore AMD’s latest Q3 2026 results delivered some impressive figures: * Total revenue reached $13.4 billion, up 45% year-on-year. * Data Centre revenue climbed 97% to $8.5 billion. * Non-GAAP earnings per share increased 74% to $2.09. * Management expects approximately $17 billion in Q4 revenue, representing