Weekly Roundup: Nvidia Whipsaws, Alphabet Gains, Ross Stores Climbs
Nov 21, 2025
This week, Nvidia's shares had a dramatic ride after an upbeat earnings report, swinging again on news about potential chip sales to China. Alphabet capitalized on glowing reviews of its Gemini AI model, seeing significant stock gains. Meanwhile, Ross Stores surpassed expectations with rising sales and an upgraded earnings forecast, appealing to budget-conscious consumers. These insights reflect the dynamic shifts in the tech and retail sectors amidst broader market concerns.
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Nvidia's Volatility Is Driven By AI And Geopolitics
NVIDIA's post-earnings rally quickly reversed as investors worried about an AI bubble and interest-rate timing.
Bloomberg reporting on possible H200 chip sales to China reignited volatility and pushed shares around within days.
insights INSIGHT
Gemini Reviews Power Alphabet's Rally
Alphabet surged after glowing reviews for its new Gemini AI model, boosting investor confidence in its AI positioning.
That rally extended a strong run for Alphabet, which led the MAG-7 with a 58% jump in 2025.
On this episode of Stock Movers, we look at some of the week's biggest gainers and decliners:
- Nvidia (NVDA) after an initial rally following Wednesday's upbeat earnings, shares fizzled the next day with investors shrugging off the stronger-than-expected revenue forecast and assurances that the AI economy isn’t in a bubble. The broader market also declined, weighed down by AI fears and concerns over whether the Federal Reserve will cut rates in December. But on Friday, shares spiked again on reporting from Bloomberg that US officials are having early discussions on whether to let Nvidia Corp. sell its H200 artificial intelligence chips to China. They gained as much as 2% in the Friday trade to $184.29 following earlier declines.
- Alphabet (GOOG) shares rallied on the week, extending a recent stretch of outperformance on rising optimism over its strength with artificial intelligence. Shares of the Google parent soared the most in two months on Wednesday as a wave of glowing reviews for the newly released version of its Gemini artificial intelligence model spurred investor confidence about the company’s position in the ever-changing tech landscape.
- Ross Stores (ROST)'s third-quarter results exceeded Wall Street’s expectations, driven by increased same-store sales and new marketing campaigns that successfully drew in cash-strapped consumers. The Dublin, California-based company boosted its full-year earnings per share guidance to $6.38 to $6.46, compared to the $6.27 estimated by analysts. Quarterly same-store-sales rose 7%, while revenue grew 10% compared to the year prior to about $5.6 billion, driven by new marketing campaigns that created positive momentum, Ross said in a statement Thursday. The shares have underperformed the S&P 500 Index this year, rising 6% compared to the index’s 11% gain through Thursday’s close.
Stock Movers