Wall Street Breakfast AI trade battles back
Nov 24, 2025
The Nasdaq sees a remarkable rebound with gains across major indexes. Novo Nordisk faces a setback as its weight-loss drug fails to deliver results in an Alzheimer’s trial. Meanwhile, chip stocks soar with significant advances in AI technology. Michael Burry makes headlines with a new newsletter, generating buzz around his insights. HSBC projects a staggering $207 billion in financing needs for OpenAI, highlighting the soaring costs involved in AI development.
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AI Stocks Drive Broad Market Rebound
- The S&P 500 rebounded from technical support led by MAG7 and AI names as VIX eased toward 20.
- Market odds of a December Fed cut rose after dovish comments, boosting bullish sentiment.
Fed Comments Lift Cut Odds And Sentiment
- Bullish sentiment returned as Fed cut odds climbed toward 80% after New York Fed dovish remarks.
- Analysts see the pullback as a typical late-year shakeout, not the start of a deeper correction.
Tesla Rally After Musk Mentions AI Chips
- Tesla jumped after Elon Musk highlighted the company's AI chip design work.
- Semiconductors and other AI-linked names like Greedo Technology and Broadcom surged too.