Nvidia Pares Losses; Gap Rallies; Crypto Stocks Fall
Nov 21, 2025
Nvidia's shares bounced back after announcing a surprising $65 billion sales forecast, despite fears of an unsustainable AI bubble. Meanwhile, Gap saw a sales surge due to innovative marketing and strong performances from its major brands, fueled by celebrity collaborations. On the flip side, crypto stocks took a hit, as declines in Bitcoin and Ethereum values led to significant losses for major players like Riot Platforms and Marathon Holdings. The mood among crypto traders turned grim, with sentiment hitting extreme fear.
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insights INSIGHT
Nvidia Revenue Beat But Bubble Fears Persist
Nvidia forecasted about $65 billion in sales for the January quarter, roughly $3 billion above analysts' expectations.
Investors still fear AI-chip spending may be unsustainable, causing volatile stock swings.
insights INSIGHT
Gap's Turnaround Fueled By Collaborations
Gap reported stronger-than-expected comparable sales, led by Old Navy and Gap brands.
Celebrity marketing, collaborations, and new non-apparel lines are attracting higher-income customers and boosting full-price sales.
insights INSIGHT
Pricing Power Shows At Gap
Gap sold most products at full price and raised denim prices without deterring buyers.
Creative campaigns like the 'Better in Denim' ads helped sustain demand across categories.
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On this episode of Stock Movers: - Shares of Nvidia (NVDA) pared earlier losses in premarket trading after investors shrugged off a stronger-than-expected revenue forecast and assurances that the AI economy isn’t in a bubble. Nvidia, the world’s most valuable company, announced Wednesday that sales will be about $65 billion in the January quarter — roughly $3 billion more than analysts predicted. The chipmaker also said that a half-trillion-dollar revenue bonanza due in coming quarters may be even bigger than anticipated. But it’s faced growing fears in recent weeks that spending on its AI chips isn’t sustainable. The company’s China business also has stalled due to US export restrictions. - Shares of Gap (GAP) rallied ahead of the US market open after the apparel maker reported stronger-than-expected sales, a sign that celebrity-fueled marketing, flashy collaborations and a revamped inventory are luring in consumers. Comparable sales rose 5% in the third quarter, surpassing the average of analyst estimates. Results at the company’s two biggest brands — Old Navy and Gap — were particularly strong. Earnings per share also outpaced expectations. Chief Executive Officer Richard Dickson is reigniting excitement around Gap with collaborations, including with luggage brand Béis, and the GapStudio line that’s being promoted by Gwyneth Paltrow and her daughter. - Shares of crypto-related companies Strategy (MSTR), Riot Platforms (RIOT), and Marathon Holdings (MARA) all moved lower in the early trading session with Bitcoin on track for its worst monthly performance since a string of corporate collapses rocked the wider crypto sector in 2022. The largest cryptocurrency slid as much as 7.6% to $80,553 on Friday. Runner-up Ether fell as much as 8.9% to below $2,700 and a host of smaller tokens nursed similar declines. The total market value of virtual coins dropped below $3 trillion for the first time since April, data from CoinGecko show. Bitcoin has now shed about a quarter of its value in November, the most for a single month since June 2022, according to data compiled by Bloomberg. The implosion of Do Kwon’s TerraUSD stablecoin project in May of that year sparked a daisy chain of corporate failures that culminated in the downfall of Sam Bankman-Fried’s FTX exchange.
Stock Movers