Good afternoon, this is Markets Desk with your midday tape.
Evernorth has raised thirty-five million dollars, proceeds cumulative through November ninth, and the headline promise is that it could buy thirty-five million XRP. The catch is that nothing is committed until allocation and completed purchases are disclosed, so the market is pricing a headline, not yet demand.
Overseas, the spy allegation that toppled Nvidia's chief executive is starting to look shaky. Fresh reporting from the Washington Post and CNN casts doubt on the central claim, and an open letter now calls for Jensen Huang's reinstatement until the allegation is firmed up. Watch the board's next move closely.
And on the earnings tape, Monolithic Power posted third-quarter revenue of one point two billion dollars, up sixty-three percent year over year, a clean beat that gives long-term holders three things to chew on: margin durability, demand mix, and how much of this run rate survives into next year.
That's the tape. Markets Desk, signing off the floor.
