Marc Andreessen: How America Can Win "Biggest Industry Ever" Before China Does

Nvidia’s Q3 blowout

Marc Andreessen on reindustrialization

Pharrell rips DEI

Nvidia’s revenue hit $57 billion, up 22% from the prior quarter and 62% from a year earlier.

Data-center revenue reached $51.2 billion, rising 25% sequentially and 66% year over year, driven by cloud providers, enterprises, and government GPU rollouts.

GAAP gross margin came in at 73.4%, and non-GAAP gross margin at 73.6%, underscoring strong pricing power.

GAAP and non-GAAP EPS were $1.30.

CEO Jensen Huang said demand for Blackwell-generation GPUs is far outpacing supply, with cloud inventories effectively sold out as training and inference workloads surge.

⭐ Editor’s Pick: Mexico eclipsed Canada as the top destination for U.S. exports for the first time in nearly three decades, shipping $226.4 billion in goods from January through August. (NYT)

Trump announced $270 billion in commercial deals being inked at a U.S.-Saudi investment forum, as Riyadh pledged to elevate its U.S. investments to $1 trillion. (YN)

U.S. nonfarm payrolls are projected to have risen 50,000 in September, more than double August's 22,000, with an expected upward revision. (RTS)

China is contemplating a fresh stimulus package for its beleaguered property sector, including nationwide mortgage subsidies and reduced transaction costs. (BBG)

⭐ Editor’s Pick: Quantum-computing upstart Rigetti could double within a year, analysts wager, as the $8.2 billion-market-cap firm eyes explosive revenue growth to $300 million by 2030, according to Motley Fool. (MF)

Amphenol Corp. earned Zacks' Bull of the Day nod with its #1 Strong Buy rating, fueled by robust 14.3% earnings growth forecast and trading at an attractive 25x forward earnings despite a 30% YTD rally. (ZCK)

Tim Regan of Kingsway Wealth Management highlighted Strathcona Resources, Quebecor, and Blackstone, citing their robust growth prospects in energy, media, and private equity. (BBG)

Morningstar spotlighted Vanguard's low-cost TIPS tracker VTP and Research Affiliates' fundamentally weighted large-blend RAUS, for their competitive fees and proven strategies as core portfolio anchors. (MS)

⭐ Editor’s Pick: Saudi Aramco inked 17 preliminary agreements with U.S. firms valued at over $30 billion during Crown Prince Mohammed bin Salman's Washington visit. (INV)

The U.S. government plans to acquire ownership of up to 10 new large-scale nuclear reactors, financed in part by Japan's $550 billion investment pledge. (BBG)

Brazil failed to land an early COP30 climate deal despite Lula meeting delegations from key negotiating blocs to hash out a deal. (RTS)

⭐ Editor’s Pick: Coinbase is preparing to launch a prediction market powered by Kalshi. (TI)

Crypto exchange Kraken confidentially filed for a U.S. IPO with the SEC. (TB)

Nvidia's blowout third-quarter results fueled Bitcoin's rebound from below $89,000 to $91,500 while Ether climbed above $3,000. (CT)

New Hampshire greenlit a pioneering $100 million municipal bond backed by collateralized Bitcoin holdings. (CT)

Andreessen said the real opportunity lies in producing sophisticated physical products such as electric bikes, autonomous drones, advanced EVs, and especially humanoid robots, which he calls “the biggest industry that’s ever been built.”

Andreessen argued that modern factories look nothing like the labor-intensive lines of the past and instead rely on automation, chips, sensors, and high-skill workers, creating better jobs and stronger supply chains.

Andreessen pointed to Tesla as proof that the U.S. already has the talent and technological edge to build these facilities at scale.

Andreessen maintained that regulatory reform and lower energy costs would unleash a nationwide buildout of next-generation plants.

The tech investor believes America’s innovation ecosystem gives it a decisive advantage in capturing the most important industrial markets of this century.

⭐ Editor’s Pick: xAI will construct a 500-megawatt data center in Saudi Arabia in partnership with the kingdom's state-backed Humain AI venture, powered by Nvidia chips. (INV)

Trump is poised to sign an executive order empowering the federal government to override state AI regulations to contest laws in California and Colorado targeting AI safety, risks, and bias. (VER)

Perplexity AI will launch a free shopping tool next week for U.S. users, embedding seamless PayPal-powered purchases from over 5,000 merchants directly into search results. (CNBC)

OpenAI unveiled GPT-5.1-Codex-Max, an upgraded AI coding model that tackles sprawling context limitations, delivering 27%-42% faster performance. (ZDN)

Yann LeCun, Meta's chief AI scientist, confirmed plans to depart at year-end to launch a startup advancing his Advanced Machine Intelligence research, with the social-media giant as a key partner. (BBG)

⭐ Editor’s Pick: Sunday Robotics unveiled Memo, a wheeled, AI-powered home robot adept at chores like clearing tables, loading dishwashers, and brewing espresso. (WIR)

Elon Musk predicted that AI and humanoid robots will eradicate poverty and render work optional within a decade or two. (X)

Putin was greeted by a dancing robot upon his arrival at the AI Journey conference in Moscow. (AE)

Caltech engineers developed a humanoid robot system featuring a transformable M4 drone that deploys from its back. (LS)

⭐ Editor’s Pick: NASA published new images of interstellar comet 3I/ATLAS, confirming its quintessential comet traits despite origins in a potentially ancient extrasolar system. (SP)

The Pentagon outlined a six-pillar innovation strategy to bolster U.S. military lethality through scaled-up hypersonic arsenals and directed-energy weapons. (NW)

The U.S. Army's 3rd Combat Aviation Brigade is pioneering drone-enabled aviation at Hunter Army Airfield by integrating unmanned systems for reconnaissance and strikes. (DOW)

The Pentagon, confronting GPS vulnerabilities from enemy jamming, is turning to quantum physics-based navigation devices for a satellite-free lifeline for drones, aircraft, and ships. (WSJ)

⭐ Editor’s Pick: Luma, a frontrunner in AI-generated video, secured $900 million in funding led by Saudi Arabia's Humain, with backing from Andreessen Horowitz. (CNBC)

Function Health closed a $298 million Series B funding round led by Redpoint Ventures at a $2.5 billion valuation. (TC)

Doppel, an AI-powered social engineering defense platform, raised a $70 million Series C funding round led by Bessemer Venture Partners, boosting its valuation to more than $600 million. (FM)

Method Security secured $26 million in seed and Series A funding, led by Andreessen Horowitz, to engineer autonomous cybersecurity platforms fortifying critical infrastructure. (PRN)

Williams told the audience he “hates” politics because it functions like a distraction that encourages people to split into opposing camps rather than collaborate.

Williams urged attendees to pursue opportunities by being the best at what they do, not because of their race, saying that true support should come from quality and ambition.

Williams highlighted that Black and brown entrepreneurs should win on capability and creativity, both of which he believes are more powerful than any political framing.

⭐ Editor’s Pick: A New Hampshire judge dismissed charges against a man for displaying a "Repent" sign at a progressive church, deeming the religious expression protected under the First Amendment. (NHJ)

The House Judiciary Committee summoned Australia's eSafety Commissioner Julie Inman Grant to testify by Dec. 2 over her aggressive censorship demands. (RTN)

Trump's EEOC nominee Andrea Lucas vowed to dismantle DEI programs and shift focus to anti-Christian bias, calling corporate diversity initiatives discriminatory. (WSJ)

Senate Republicans introduced the Putting American Workers First Act to streamline prosecutions of employers hiring illegal immigrants. (BN)