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Keith Gill Roaring Kitty
Yes, this guy.
Woof

Keith Gill doesn’t seem to like Chewy any more. No one cares.

Luke Kawa

Well, at least there’s not much mystery behind this meme.

At noon, Keith Gill, aka Roaring Kitty, tweeted a picture from Toy Story 2 of Woody being discarded by Andy with a dog’s head superimposed where the cowboy’s face should be.

In late June, Gill had tweeted a picture of a dog and sent shares of Chewy spiking higher by as much as 34% on the day. A filing to the Securities and Exchange Commission later revealed that he had purchased about 9 million shares of the pet e-commerce company, a 6.6% stake.

Today’s tweet of a meme often used to say “I don’t wanna play with you anymore” would seemingly imply that he’s throwing the stock to the dogs. But just as Gill’s June 27 tweet didn’t have a long-lived impact on the stock, neither does this micro-missive.

Since the time that Gill’s ownership of the company’s stock surpassed 5% (which triggered the filing), shares of Chewy are down a little more than 1%, broadly in line with the return for the S&P 500 over this period.

The eccentric value investor turned meme maestro came back to social media earlier this year after a long hiatus, and unleashed an avalanche of edited videos.

(I suspect the timing of his return had something to do with the dismissal of a lawsuit pertaining to Gill’s previous involvement in GameStop.)

Eventually, he went on a livestream to re-affirm that he liked the stock of GameStop, the embattled video game and collectibles retailer, and that his bet on the company was a bet on “Ryan fucking Cohen” — the current CEO of GameStop, who was the co-founder and former CEO of Chewy.

You can’t teach an old dog new tricks.

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Luke Kawa

Nvidia spikes on report that the Trump administration is considering letting Nvidia sell its best Hopper chips to China

One big headline really can change price action.

Shares of Nvidia popped 2% after Bloomberg reported that the Trump administration is internally discussing the idea of letting Nvidia sell its H200 chips to China. These chips, unlike the H20, are not the nerfed versions that Nvidia designed specifically for sale to China, but rather are its best chips from its Hopper generation, which preceded Blackwell.

The president had mused about allowing Nvidia to sell Blackwell chips to China ahead of talks with Chinese President Xi in late October, but this item was reportedly axed from the agenda at the last minute, per The Wall Street Journal.

Nvidia’s success in 2025 has come despite, not because of, its China business. New export restrictions weighed on its ability to send H20 chips to the world’s second-largest economy. The company took a $4.5 billion impairment charge in its Q1 earnings related to this export ban, and said Q2 sales would have been $8 billion higher if these curbs were not in effect.

After Nvidia reached a deal with the Trump administration that restored its ability to ship that chip, China reportedly responded by banning its domestic technology companies from buying these semiconductors.

“Sizable purchase orders [for the H20] never materialized in the quarter due to geopolitical issues and the increasingly competitive market in China,” CFO Colette Kress said on a conference call with analysts on Wednesday.

Ahead of Nvidia’s earnings report, this headline had hit the wires:

*TRUMP: IF NVIDIA’S HUANG IS HAPPY, I’M HAPPY

Well, the CEO didn’t seem too thrilled by the market’s reaction to the chip designer’s strong Q3 results. Perhaps this will cheer him up.

Pharmaceutical Company Eli Lilly Headquarters

Eli Lilly jumps into the tech-dominated $1 trillion club

Lilly is crossing $1 trillion in market cap just as Wall Street is getting jittery over a potential AI bubble.

Airlines climb on falling oil prices as the US pushes for a Russia-Ukraine peace deal

Oil prices fell on Friday, with West Texas Intermediate crude futures down more than 2% amid a US push for a peace plan between Russia and Ukraine. The US has reportedly pitched a deal that would see Ukraine cede land to Russia and agree to never join NATO.

As the market repeatedly shows: what’s bad for crude is good for airlines, which stand to benefit from lower fuel costs. Shares of major US carriers are up on oil’s price action, with Southwest Airlines up more than 5% and the rest of the big four airlines — American Airlines, Delta Air Lines, and United Airlines — up more than 3%.

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