Wall Street, stocks
Digest more
10hon MSN
SoftBank plunges over 10% as Asia markets track Wall Street's stunning reversal in AI stocks
Asia markets slumped Friday after SoftBank tumbled more than 10% and stronger-than-expected U.S. hiring cut the odds of a December Federal Reserve rate cut.
Nvidia stock turns lower. Management is confident in delivering more than $500 billion in cumulative revenue from Blackwell and next-generation Rubin chips.
Warnings about Wall Street's excessive optimism, concentration risk, and frothy valuations have fallen on deaf ears for most of this year, leaving market-watchers wondering what, if anything, will cool the tech and artificial intelligence frenzy.
The better market mood triggered by Nvidia's barnstorming earnings and outlook is reducing concerns about sharp, and possibly negative, stock market moves. The Cboe Volatility index (VIX), is an option-derived measure of expected S&P 500 moves,
Analysts upgraded their outlooks for Nvidia stock on Thursday after a big earnings report from the AI chip maker.
Wall Street stocks slid on Thursday in a sharp reversal from an early rally, as technology gains faded after a boost from Nvidia's earnings and U.S. jobs data muddied the labor market outlook.
Although the Oracle of Omaha's actions will live on beyond his retirement, Berkshire Hathaway will continue to serve as an anchor of optimism for long-term-minded investors.
The S&P 500 is tracking toward its worst November since 2008 amid mounting concerns over an AI-fueled "bubble" that not even Nvidia and its CEO, Jensen Huang, could allay after it