CNBC·2025-11-26 13:06Group 1: Nvidia and Alphabet - Nvidia's shares have declined over 2% as Alphabet's stock reached all-time highs following the release of its upgraded Gemini 3 model, indicating a shift in investor sentiment towards Alphabet in the AI sector [5] - Nvidia attempted to reassure investors of its technological superiority, claiming its chips are "a generation ahead of the industry" and asserting its role as a supplier for Google [5] Group 2: Market Trends - The stock market experienced a recovery rally, with the Dow Jones Industrial Average rising over 660 points, or 1.4% [2] - Investors are increasingly optimistic about a potential interest rate cut by the Federal Reserve, with an 84% likelihood priced in for the December meeting, up from around 50% a week prior [3] Group 3: Real Estate Market - A significant number of homeowners, nearly 85,000, removed their homes from the market in September, marking the highest level for that month in eight years, indicating a trend of sellers opting to stay put [10][11] - The Conference Board reported a decline in the Consumer Confidence Index for November, attributed to weak employment prospects, which may be influencing the real estate market [11] Group 4: Michael Burry's AI Critique - Investor Michael Burry has expressed skepticism about the AI trade, suggesting it may be a bubble, and has criticized the justification for the industry's infrastructure costs [9] - Nvidia has responded to Burry's claims by sharing a private memo with analysts that specifically mentions him, defending its position in the AI market [9]