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Why Thursday's Nvidia Earnings-Led Stock Market Early Rally Turned Into a Rout

Nvidia's strong Q3 report initially boosted its stock and the broader market on Thursday. However, the rally reversed, with Nvidia closing down 3.2% and major indexes also falling. Concerns over the Federal Reserve's interest rate decisions and fears of an AI stock bubble contributed to the market's decline.

Motley Fool·
US
NVDA
-3.15%
US
NVDL
-6.32%
HK
07788
-15.83%
Motley Fool·
US
NVDA
-3.15%
US
NVDL
-6.32%
HK
07788
-15.83%

Does Nvidia Stock Still Have Enough Mojo to Buy?

Despite posting blockbuster Q3 results yesterday evening, the post-earnings rally in Nvidia stock faded in Thursday's trading session from a +5% spike to a 3% dip.

Zacks Commentary·
US
NVDA
-3.15%
US
NVDL
-6.32%
HK
07788
-15.83%
Zacks Commentary·
US
NVDA
-3.15%
US
NVDL
-6.32%
HK
07788
-15.83%

Australia adds Amazon's Twitch to teen social media ban, spares Pinterest

Australia's internet watchdog will include Amazon's Twitch in its teen social media ban starting December 10, but not Pinterest. The ban prohibits those aged 16 and under from using social media, with penalties up to A$49.5 million for non-compliance. Twitch will deactivate accounts for under-16 users by January 9. Pinterest is excluded as its primary purpose is not social interaction. The ban also includes Reddit, Kick, Facebook, Instagram, Snapchat, Threads, TikTok, X, and YouTube. No further assessments will be made before the rules take effect.

Reuters·
US
AMZN
-2.49%
US
AMZU
-5.02%
Reuters·
US
AMZN
-2.49%
US
AMZU
-5.02%

Existential Threat: Microsoft Stock (NASDAQ:MSFT) Slips as Analysts Sound Alarm on Steam Machine

Microsoft's stock (NASDAQ:MSFT) slipped as analysts expressed concerns over Valve's Steam Machine, which poses a threat to Microsoft's console plans. Analysts warn it could shift Microsoft's focus from hardware to services like Game Pass. Despite this, Wall Street maintains a Strong Buy consensus on MSFT stock, with a 31.16% upside potential. Microsoft's AI initiatives also face skepticism, with critics preferring improvements in Windows 11's user interface and security.

Tip Ranks·
US
MSFT
-1.60%
US
MSFL
-3.13%
US
MSFO
-1.60%
Tip Ranks·
US
MSFT
-1.60%
US
MSFL
-3.13%
US
MSFO
-1.60%

CNBC Daily Open: From AI enthusiasm to bubble worries in one day

Nvidia CEO Jensen Huang's rejection of the AI bubble narrative seemed to reassured investors initially, but their concerns couldn't be repressed for long.

MSN·
US
NVDA
-3.15%
MSN·
US
NVDA
-3.15%