Nvidia(US:NVDA) Hua Er Jie Jian Wen·2025-11-22 04:02Market Overview - The S&P 500 index fell nearly 2% this week, with a cumulative decline of 3.5% since November, while the Nasdaq Composite, heavily weighted in tech stocks, dropped over 6% in November, marking its largest three-week decline since April [1] - Momentum stocks faced significant losses, with Robinhood's market value evaporating by about 25% this month, Coinbase's stock plummeting 30%, and Palantir down approximately 23% [2] - The Global X Artificial Intelligence and Technology ETF tracking AI stocks fell about 10% this month, while an ETF tracking the seven tech giants declined about 6.6% since the end of October [3] Nvidia's Earnings Impact - Nvidia's earnings report initially led to expectations of a market rally, but the stock experienced a sharp reversal, closing down nearly 3% at $180.98 after peaking at $196, marking a 7% intraday drop and the lowest close since October 22 [4] - Analysts noted that Nvidia's CEO Jensen Huang attempted to alleviate concerns about an AI bubble, drawing parallels to comments made by Cisco's CEO during the internet bubble [6] Private Credit and Cryptocurrency Concerns - The private credit market is gaining attention from stock market investors, with concerns arising from the sudden collapse of First Brands, highlighting issues in the loose credit environment [8] - Bitcoin's price fell to $80,553, down over 30% from its October high of $126,000, raising questions about the broader impact of the cryptocurrency market on the stock market [10][11] Market Volatility Factors - Market volatility has been attributed to high leverage and year-end profit-taking, with brokerage account financing reaching a historical high of $1.1 trillion by the end of October [12] - Despite the volatility, some market participants remain calm, with the S&P 500 index still up 12% for the year, and many investors are observing rather than acting [14]