Two key reasons for Thursday's market reversal were increased concern that the Federal Reserve would not cut interest rates in December and jitters about an AI bubble not fully extinguished by Nvidia's earnings report.

The U.S. stock market appeared geared up for a rebound after Nvidia’s stronger-than-expected earnings report after th

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Over the last 10 years, Nvidia stock has risen by roughly 24,000%. A $10 million investment, therefore, would now be worth around $2.4 billion. Even a smaller investment of $1,000 would now be valued at more than $240,000.

The tech giant’s stock has been on an incredible run, climbing more than 50% year to date. In fact, its record-setting performance in 2025 launched Nvidia into unchartered territory, as it became the first company ever to reach a market value of $5 trillion (1).

At first, it seemed like traders finally got the clear response they had been eagerly awaiting: Nvidia reported super-strong earnings Wednesday evening, initially easing fears that demand for AI had faded.

Major stock indexes erased big morning gains and closed sharply lower Thursday, a day after AI darling Nvidia reported quarterly results above analysts' lofty expectations.

The S&P 500 fluctuated significantly on Friday, erasing some of the early gain as major technology stocks, including NVIDIA Corp., came under fresh pressure