Closing Bell Closing Bell Overtime: Tech, AI Stocks Bounce Back; Earnings Parade Rolls On 11/5/25
Nov 5, 2025
Mike Santoli, CNBC Senior Markets Commentator, offers sharp insights into earnings trends and market volatility. Jed Ellerbrook of Argent Capital dives into AI infrastructure spending and stock reactions, revealing robust opportunities amidst recent changes. Tom Lee, Head of Research at Fundstrat, shares his take on Bitcoin's rebound and its implications for equity markets, linking crypto performance to broader market trends. The conversation is packed with valuable market perspectives that shed light on tech's resurgence and strategic investment moves.
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Tech-Led Market Rebound
- Tech led the market rebound, with 10 of 11 S&P sectors higher and chips gaining after AMD beat.
- Bitcoin and gold also rose, showing risk assets and safe havens moved together today.
Qualcomm Beats On Premium Handsets
- Qualcomm beat revenue and EPS and guided above expectations for the next quarter.
- Premium smartphone demand and handset strength drove much of the upside.
Bullish View On AI Infrastructure
- Jed Ellerbrook remains optimistic, citing continued AI infrastructure spending and improving IPO/M&A activity.
- He expects markets to stay supportive as rates fall and activity picks up.