FT News Briefing The Big Tech stock rollercoaster
66 snips
Nov 21, 2025 
Katie Martin, an FT markets columnist, breaks down the wild ride of tech stocks post-Nvidia earnings, highlighting investor caution amid the volatility. She discusses the mixed September jobs report and its implications for the Federal Reserve. Meanwhile, Chris Miller, FT's chief Ukraine correspondent, shares insights on a controversial US-backed peace plan for Ukraine, examining its diplomatic complexities and likely rejection by Ukraine. The duo also looks ahead to the G20 conference's potential tensions, especially following Trump's boycott.
AI Snips
Chapters
Transcript
Episode notes
Nvidia As The AI Market Barometer
- Nvidia's earnings serve as a litmus test for the broader AI-driven tech rally and market sentiment.
- Strong Nvidia revenues eased volatility briefly but did not eliminate bubble concerns, says Katie Martin.
Recovery Fueled By Policy Backtracking
- Rapid post-April recovery rested on expectations that Trump would backtrack on extreme trade measures.
- Resilient earnings and economic strength underpinned the surge until recent caution returned.
Multiple Stress Points Trigger Caution
- Recent market caution stems from multiple fault lines, not a single event.
- Private credit blowups and lofty AI valuations combine to raise bubble worries.