Welcome to Markets Desk, here's what's moving the needle this afternoon.
Nvidia's chip exposure to China is widening. The short seller who flagged Megaspeed months before it became a scandal is now saying that company is not alone in helping Chinese buyers access restricted chips. Culper Research's Christian Lamarco says his team remains confident in the original thesis and believes the pipeline runs deeper than regulators have yet acknowledged.
Shifting to Burbank, Disney heads into earnings with a structural tailwind most companies never see. An extra week in its fiscal fourth quarter is expected to contribute roughly six hundred million dollars to total segment operating income. That's a calendar quirk, not operational outperformance, so analysts will be watching closely to strip out that one-time benefit when assessing the underlying business.
And over at Berkshire Hathaway, new CEO Greg Abel is breaking from at least one page of the Buffett playbook. While Abel is largely maintaining the decentralized conglomerate structure Buffett built over decades, he is prioritizing shareholder communication and transparency in a way his predecessor never did, signaling a meaningful cultural shift at one of the world's most closely watched companies.
That's the tape. Markets Desk, signing off the floor.
