Closing Bell Closing Bell Overtime: Looking Ahead to Nvidia Earnings 11/18/25
Nov 18, 2025
Warren Pies, co-founder of 314 Research, shares insights on Fed policy and a bullish market outlook towards year-end. Mike Santoli, a senior markets commentator, dissects Nvidia's recent performance and volatility. Steve Kovac reports from Microsoft's Ignite event, covering AI partnerships and product strategies. The trio discusses whether Nvidia's earnings could trigger a buy-the-dip rally, while Pies highlights the commodities outlook amidst changing market dynamics. Expect a deep dive into tech's future and the energy sector's shifting tides.
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NVIDIA Drives Near-Term Market Direction
- NVIDIA's earnings reaction often sets the market tone within about a week due to its AI leadership.
- Warren Pies expects a near-term bottom and a rally into year-end if the NVIDIA reaction stabilizes markets.
Lower Oil Eases Fed's Inflation Concern
- Crude's decline eases inflationary pressure and supports Fed easing prospects.
- Warren Pies remains bearish on oil but bullish on gold as a portfolio hedge.
Spread AI Bets Across Providers
- Diversify AI cloud partnerships rather than relying on one model or provider.
- Steve Kovac reports Microsoft is becoming platform-agnostic, partnering with multiple AI models including Anthropic and Gemini.