Nvidia's Balance Sheet: Fear and Volatility in the Crypto Markets

Entering the Critique Week

This week, there is no significant agenda indicating major changes in Borsa Istanbul; however, it is experiencing a partial data flow due to the upcoming Thanksgiving holiday in the U.S. Firstly, the leading GDP and PCE data from the U.S. will be closely monitored.

Key Developments from Last Week

In the past week, the non-farm payroll data for September showed an increase of 119,000, exceeding expectations, creating a positive atmosphere in the markets. However, despite the strong employment data, gold prices were observed to have declined to $4,000. Fed member Miran’s signal of a 25 basis point cut led to an increase in rate cut expectations from 30% to 70% for December.

On the other hand, significant outflows from Bitcoin ETFs resulted in a 12.1% decline in the cryptocurrency market. The increasing polarization among investors has prepared the ground for the market to move emotionally.

Effects on Artificial Intelligence and Technology Stocks

The market has entered a period of high volatility due to demand for artificial intelligence investments. J.P. Morgan analysts noted that the decline in Bitcoin was largely influenced by individual investors selling from ETFs, with total ETF outflows reaching $3.55 billion during this process.

Company Developments

• Google (GOOGL) introduced its new artificial intelligence model, Gemini 3.
• Microsoft (MSFT) formed a strategic partnership with Nvidia (NVDA) to invest up to $10 billion.
• Adobe (ADBE) signed an agreement to acquire Semrush for $1.9 billion.
• Sasa Polyester (SASA) launched its Fiber Production Facility investment.

Additionally, Emlak Konut (EKGYO) signed a preliminary contract for an important project with Saudi Arabia. BlackRock's registration for an Ethereum ETF involving staking opens the door to a new era in the cryptocurrency world.

Market Observations

The Crypto Fear & Greed Index has decreased to levels not seen since February, moving into the "Extreme Fear" zone. Market analyses emphasize that investors tracking potential rises and falls should proceed with caution.

Highlighted Stocks

Amentum Holdings (AMTM) gained 11.08% due to a report from UBS analysts. Conversely, AMD (Advanced Micro Devices) shares fell 17.81% weekly due to valuation concerns.

Analyst Recommendations and Expectations for the Upcoming Week

In notable analyst recommendations, target prices for Baidu (BIDU) have been raised, and similar guidance has been provided for DoorDash (DASH) and Insulet (PODD) stocks. Throughout the week, Turkey's Capacity Utilization Rate and important data from the U.S. will draw attention.