Stocks sink as strong Nvidia earnings fail to ease Wall Street’s AI anxiety
SPY opened over 1.
SPY opened over 1.5% and closed over 1% lower, a feat seen only five other times since the fund’s inception.
Your Evening Briefing
November 20, 2025
Stocks sink as strong Nvidia earnings fail to ease Wall Street’s AI anxiety
Stocks wiped out early gains from post-Nvidia earnings euphoria as the chip designer’s blowout earningsweren’t enough to ease investors’ concerns of bloated valuations and an AI bubble. SPY opened over 1.5% higher and closed over 1.5% lower, a feat seen only three other times since the fund’s inception.
All major US indexes dropped as the tech sector led the sell off. Every company in the Mag 7 fell, despite Alphabet notching a new intraday highin early trading.
Odds of a December rate cut crept higher after the September jobs report presented a mixed bag: much better job growth than anticipated, but the unemployment rate unexpectedly edged higher.
Stocks that moved higher:
Walmart spiked after reporting earnings and sales results that beat Wall Street estimates, showing American consumers are flocking to the company’s stores.
Shares of US auto giant Ford ticked down following reports of another major fire at its primary aluminum supplier’s plant in Oswego County, New York.
Tesla initially spiked amid AI bullishness as Piper Sandler analyst Alexander Potter said Full Self-Driving software is “already better at driving than the average American” before closing lower along with the rest of the Magnificent 7.
The expiry of electric vehicle tax credits didn’t just do wonders for the sales figuresof automakers like Tesla; it also contributed to the best quarter of clean energy investment ever in Q3 this year, per a new report.
According to new data from the Clean Investment Monitor, a joint project from MIT and the Rhodium Group, clean energy investment across the US reached a record-breaking $75 billion last quarter, up 8% from the same period last year, as efforts to curb our economy’s emissions continue.
Ethereum falls below a critical level The last time ethereum was below $3,000 was in July 2025, after a number of corporate firms had begun to roll out their ethereum treasury strategies.
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