Bitcoin Hits $98k, Nvidia Falls on Forward Guidance, Google Chrome Break-Up | Live Stock
Good morning, traders. Happy Thursday, November 21. Without the news and animal spirits moving markets, you will not make it through today. My name is Kevin Travers, and the S&P 500 is falling while the market is trying to climb but Nvidia's earnings are holding it back:
$NVIDIA (NVDA.US)$ jumped at open but quickly fell about 2%, the same movement it felt last night after reporting earnings and revenue that beat estimates. However, a forward-looking fiscal Q4 2025 projected revenue is below midpoint estimates.
The firm reported Q3 2025 adjusted earnings of $0.81/share, vs estimates of $0.74/share, on revenue of $35.08 vs estimates of $33.25B Wednesday. In a release, the firm said the Blackwell Chips are on the way, due for shipped release in the current fourth quarter, but they have known supply issues.
Nvidia reported guidance of $37.5 B. The highest estimates were at $41B, meaning Nvidia's outlook was below midpoints.
It was not the only mag seven news. $Alphabet-C (GOOG.US)$ shares fell 5% after the US Justice Department and a group of states said in a filing that Google must sell its Chrome browser to end its search monopoly.
$PDD Holdings (PDD.US)$ fell 9% Thursday after posting its slowest quarterly revenue growth since 2022, missed profit expectations. The Chinese e-commerce giant said revenue rose 44% to 99.35 billion yuan, or $13.71 billion, undershooting market expectations of 102.43 billion yuan.
$Bitcoin (BTC.CC)$ hit a new all-time high at 98k, a spitting distance from the symbolic 100k level.
Within industries tracked by moomoo, internet content as an industry collapsed under the weight of two share classes of Alphabet.
$Crude Oil Futures(JAN5) (CLmain.US)$ climbed but sat below 70. Gold and silver climbed, the $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ and the $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ fell.
The market, in general fell from the pressure of massive tech firm decline.
Just past 10:42 am ET the $S&P 500 Index (.SPX.US)$ traded down 0.31%, the $Dow Jones Industrial Average (.DJI.US)$ climbed 0.28%, and the $Nasdaq Composite Index (.IXIC.US)$ fell 1.12%.
In macroeconomic news, U.S. Initial Jobless Claims declined to 213,000, below the year average of nearly 220k. Continuing claims, the number of people receiving benefits climbed to 1.91 million, a three-year high.
Yesterday, users excitedly watched for Nvidia earnings and talked about nukes and Russia. Volatile times, friends.
Traders, what do you think? What you watching on the stock market today? What is the herd following? Let me know in the comments below!
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Moomoo News and Community Manager
Moo moo News and Community Manager, NJ Office.
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Kevin Travers OP 72957079 : What’s wrong?
Space Dust : watching to see how low packaged food giants sink KHC, CAG, B&G, etc. the bigs like Bunge and Bwel have faired, and some healthcare , OMI wow, what a long term slide..