Closing Bell Closing Bell Overtime: Stocks End Lower After Volatile Day Following Nvidia Earnings11/20/25
Nov 20, 2025
The podcast features Srini Gopalan, the new CEO of T-Mobile, discussing innovative AI-driven customer experiences and the company's strategy for broadband growth. Toby Neigebauer, CEO and co-founder of Fermi, dives into private energy solutions for AI data centers and ambitious energy projects. CNBC's Courtney Reagan reports on Gap's earnings, emphasizing resilience despite challenges. Mike Santoli analyzes market volatility, touching on retail investor behavior and implications of jobs data for Fed policy.
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NVIDIA Drives Tech Volatility
- NVIDIA's intraday $330 billion market-cap swing shows how a single stock can drive broad tech volatility.
- Valuation concerns, not fundamentals, triggered wide reversals across hyperscalers and data-center suppliers.
Crypto Signals Risk Appetite
- Bitcoin's drop below $90,000 signaled fading speculative appetite and pulled tech stocks lower.
- Algorithmic traders use Bitcoin moves as a proxy for risk-on flows, amplifying market unwind.
Momentum Trades Are Resetting
- Momentum unwind is underway after six months of momentum-led gains across assets.
- Markets remain expensive post-drop, so investors should seek selective, long-term opportunities rather than time bottoms.