This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Bank of America analysts believe that while tensor processing units (TPUs) like Ironwood made by Google Cloud are competition for AI chips, demand favors Nvidia (Nasdaq: NVDA), Broadcom (Nasdaq: AVGO) and AMD and therefore those are the stocks investors should be buying.
Consumers are growing more downbeat about the economy at the worst possible time – the holidays. More consumers are losing sleep about finding work, according to a Conference Board report in which the Consumer Confidence Index sank nearly 7 points in November to a reading of 88.7, one of its lowest levels of 2025, signaling a clear loss of momentum in sentiment heading into year-end.
Wedbush’s Dan Ives has unveiled a list of the leading tech stocks to own in the current AI era. These include Microsoft (Nasdaq: MSFT), Palantir (Nasdaq: PLTR), Nvidia, AMD (Nasdaq: AMD), Tesla (Nasdaq: TSLA), Apple (Nasdaq: AAPL), Meta, Alphabet, CrowdStrike (Nasdaq: CRWD) and Palo Alto Networks (Nasdaq: PANW).
Live coverage has ended. The full story is below.
This article will be updated throughout the day, so check back often for more daily updates.
After yesterday’s comeback rally, technology stocks are pulling back today as they battle it out for the AI crown. The Nasdaq Composite is giving up ground as it increasingly appears to be headed for a negative November. Meanwhile, the S&P 500 is also behind while the Dow Jones Industrial Average is edging higher.
Nvidia (Nasdaq: NVDA | NVDA Price Prediction) stock is taking it on the chin today, falling 6.3% on some heightened competition. With Google’s Gemini release turning heads, Meta platforms (Nasdaq: META) is reportedly considering pivoting to Alphabet (Nasdaq: GOOGL) for AI chips in the future, taking share away from market leader Nvidia. Nevertheless, with 90% market share, Nvidia continues to control the biggest piece of the AI pie.
A changing of the guard at the Federal Reserve could be in the cards for the holidays. U.S. Treasury Secretary Scott Bessent is making the media rounds, reportedly declaring that President Trump could name a replacement for Fed Chairman Jerome Powell before year-end. Meanwhile, Powell’s peers have been advocating for an interest rate cut in December.
In a worrying sign for the holiday shopping season, consumers are pinching their pennies amid persistently elevated borrowing costs and prices. Retail sales climbed a softer than anticipated 0.2% in September vs. the prior month, failing to meet economist expectations. Meanwhile, volatile wholesale prices increased by 0.3% in the same period, as economists predicted.
Here’s a look at where things stand as of morning trading:
Dow Jones Industrial Average: 46,714.24 Up 255.97 (+0.55)
Nasdaq Composite: 22,754.40 Down 120.32 (-0.56%)
S&P 500: 6,698.88 Down 6.48 (-0.10%)
Advanced Micro Devices (Nasdaq: AMD) is sinking 8.6% on the day in sympathy with sector peer Nvidia.
Micron Technology (Nasdaq: MU) is losing 2% while SanDisk (Nasdaq: SNDK) is falling 3% despite Wall Street firm Morgan Stanley raising price targets on both stocks amid sector supply shortages.
Apple (Nasdaq: AAPL) is gaining 1.1% on the day as its market capitalization quietly creeps up to $4.12 trillion, nearing that of Nvidia.
Alibaba (NYSE: BABA) stock is down slightly on the heels of its Q2 results.
Contact [email protected] for any questions or corrections.
Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.
This article will be updated throughout the day, so check back often for more daily updates. The markets are fixated on the escalated tensions between the White House and the Federal Reserve, with stocks…
This article will be updated throughout the day, so check back often for more daily updates. The markets are kicking off the month of December on the downside, with all three of the major…
This article will be updated throughout the day, so check back often for more daily updates. The markets are celebrating a stronger-than-expected jobs report for June, sending all three of the major stock market…
The markets are selling off once again today fueled by recession fears owing to tariff fallout. After what proved to be the worst performing week of 2025 so far, the Magnificent Seven stocks are…
This article will be updated throughout the day, so check back often for more daily updates. Today’s jobs data is a sign that cracks are emerging in the economy, initially causing the recent stock…
The markets are saving face after yesterday’s beatdown and ahead of the Fed’s interest rate decision this afternoon. All three of the major stock market indices opened higher in a display of solidarity. While…
This article will be updated throughout the day, so check back often for more daily updates. The markets are seeing the glass half full today and are higher across the board amid expectations that…
This article will be updated throughout the day, so check back often for more daily updates. Markets are licking their wounds after yesterday’s circus in which roughly $1 trillion in market capitalization disappeared from…
This article will be updated throughout the day, so check back often for more daily updates. President Trump’s Greenland aspirations have inserted the latest layer of uncertainty into the markets. Technology stocks are dragging…
