Legendary billionaire Ken Griffin makes huge bet on major tech stock

Thursday, November 20, 2025

Remember when traders were worried about the S&P 500 and Dow dropping for four straight days? Well, the losing streak concluded on Wednesday -- and that was even before Nvidia reported its widely awaited earnings.

Spoiler alert: They were fantastic. With adjusted earnings per share of $1.30 on $57.01 billion in revenue, up 62% and 67% respectively year-over-year, the chipmaker handily bested Wall Street estimates. And in tandem with the report came more optimistic guidance for the coming quarter, prompting upgrades from analysts.

U.S. equities as a whole started Thursday following on -- and then dropped. After the Nasdaq started the day on a 2% tear and the S&P 500 gained more than 1%, the two indexes are now off 0.82% and 0.57% respectively. The Dow is off 0.48% on the day while the Russell 2000 has given up 0.39%. Initially up more than 4% in the Thursday premarket, NVDA is down 1.2% at midday.

Thursday Reading:.

• Big pharma company plans layoffs, files WARN notice
• Cathie Wood makes $7.9M swing into former pandemic-darling stock
• 5-star analyst revamps Google stock target on three-shot case
• How solo agers can prepare for the realities of growing older
• Tesla makes a robotaxi move to fulfill big Elon Musk promise
• Black Friday flight ticket deals are here: Score some good ones
• Home Depot CEO sounds alarm on troubling customer trend in stores

The declines might have been precipitated by a strong -- and overdue -- September jobs report. The Bureau of Labor Statistics said the U.S. added 119,000 jobs in the month. Analysts were looking for 50,000, making this a big beat. And with the October payrolls report canceled, the Federal Reserve will have to break bread with these figures -- since the next payrolls data won't come until after the December meeting. Maybe Wall Street is the only place where good news is bad news.

Other possible factors: Fed Governor Lisa Cook singled out stocks and housing valuations. And perhaps, despite the positive news from Nvidia, investors are still sensitive to the AI question.

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  -- Noah Weidner, Markets Reporter

Legendary billionaire Ken Griffin makes huge bet on major tech stock

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