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Stock Market Today: Nvidia Earnings Beat and Raise After S&P 500 and Dow Snap Four-Day Losing Streak

2025-11-19 16:19
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Stock Market Today: Nvidia Earnings Beat and Raise After S&P 500 and Dow Snap Four-Day Losing Streak

Stock Market Today: Nvidia Earnings Beat and Raise After S&P 500 and Dow Snap Four-Day Losing Streak Noah Weidner Thu, November 20, 2025 at 12:19 AM GMT+8 9 min read In this article: StockStory Top Pi...

Stock Market Today: Nvidia Earnings Beat and Raise After S&P 500 and Dow Snap Four-Day Losing Streak Noah Weidner Thu, November 20, 2025 at 12:19 AM GMT+8 9 min read In this article:

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Happy Wednesday. This is TheStreet’s Stock Market Today for Nov. 19, 2025. You can follow the latest updates on the market here in our daily live blog.

Update: 4:00 p.m. ET

Nvidia Earnings Are Here: Here's the Results

Nvidia just reported adjusted earnings per share of $1.30 on $57.01 billion in revenue, growing 62% and 67% respectively year-over-year to handily beat expectations.

Bloomberg analysts were looking for Nvidia to report $1.26 in adjusted EPS on revenue of $55.2 billion, or a 55% and 57% increase year-over-year. Analysts polled by IBES had a more conservative outlook of $1.24 and $54.66 billion respectively.

As expected, data center revenue was the bright spot, with revenue rising 66% year-over-year to a record $51.2 billion. CEO Jensen Huang said, "Compute demand keeps accelerating and compounding across training and inference, each growing exponentially."

Further behind, professional visualization software grew 56% to $760 million, automotive and robotics revenue grew 32% to $592 million, and gaming revenue grew 30% year-over-year to $4.3 billion.

In the forthcoming fourth quarter, the company is guiding for revenue of $65 billion, plus or minus 2% This is higher than the $1.43 EPS on $61.66 billion which analysts were forecasting.

The company also said that it had more than $62.2 billion in share buybacks remaining under an earlier authorization. The company is ball parking an adjusted gross margin of 75%, higher than the 74.6% expected. Adding to that excitement, CFO Colette Kress doubled down on the company's visibility to half-a-trillion in chip revenue through 2026 on the earnings call.

The results are sure to quiet skeptics of the AI boom. Nvidia (+3.5%) jumped more than three percent after the report crossed the wire, adding to a 2.85% gain during the trading day. The news also bolstered shares of hyperscalers like Nebius (+5.4%) and CoreWeave (+5.3%) in the extended trade, as well as chipmakers like TSMC (+2.6%) and AMD (+2.2%).

Other Results

Aside from Nvidia, here are some other earnings of note, with estimates provided by LSEG:

  • Palo Alto Networks [-2 .6%] : Adjusted EPS: $0.93 (vs. $0.89) | Revenue: $2.474 billion (vs. $2.461 billion) Will buy Chronosphere for $3.35 billion Coming Quarter Revenue Growth: 14-15%

  • Brightview [-12 %] : Adj. EPS: $0.27 (vs. $0.32) | Rev: $702.8 million (vs. $718.6 million)

Update: 4:00 p.m. ET

Closing Bell: Market Recap

The U.S. stock market is now closed. U.S. stock benchmarks turned around intraday losses, finishing out the day in the green.

Story Continues

The Nasdaq Composite (+0.59%), S&P 500 (+0.38%), and Dow (+0.10%) put up results, with the latter two snapping a four-day losing streak.

The S&P 500 managed that modest gain despite 305 constituents fell. Leading the way in the index was GE Vernona (+7%), Block (+7.5%), and Constellation Energy (+5.8%). Among Mag7 names, the Alphabet (+3.4%) continued to show out for tech investors; it's the best-performing of the seven this year.

Meanwhile, the small caps in the Russell 2000 (-0.04%) declined.

Coming up next: Nvidia earnings. Closing out up just 0.17% today, the 'Super Bowl' of the U.S. stock market is slated to come out in a short few minutes, with analysts polled by Bloomberg looking for the chipmaker to report $1.26 in adjusted earnings per share on revenue of $55.2 billion, a 55% and 57% increase year-over-year.

Update: 2:13 p.m. ET

Abbott In Talks to Acquire Exact Sciences

Bloomberg News reports that medical device company Abbott Laboratories could be near a takeover of Exact Sciences, a diagnostics company which makes cancer tests like Cologuard. The deal would be Abbott's largest in a decade, as well as the largest takeout of a health care firm this year. At last look, Exact was valued at over $15 billion, with its stock up 20% today.

Update: 2:01 p.m. ET

Fedwatchers Digest Slew of News

Although America's central bank chose to cut at its Oct. 29 Federal Open Market Committee meeting, minutes from the meeting showed greater bifurcation on the rate cut question -- escalating the debate around what bank leaders might do at the forthcoming December meeting.

Per the FOMC minutes, several participants were against the cut in October -- something we already figured. But "many" members of the committee said that a cut in December would likely not be necessary, something which has become more obvious as various Fed members have delivered remarks in recent weeks.

Exacerbating the decision, Fed participants haven't gotten a whole lot of useful establishment data in recent weeks -- and they won't have many new insights before the next meeting. The BLS cancelled the October jobs report and left the November report to be released Dec. 16. September JOLTS were cancelled and October JOLTS won't be available until Dec. 9.

With that, odds of a rate cut in December have been seen plummeting on CME Group's FedWatch, with the probability of a cut at the Dec. 10 meeting falling to 31.6% today. In addition, stocks have sagged from their intraday highs on the news. The S&P 500 (-0.03%) and Dow (-0.35%) are currently trending towards a fifth consecutive day of losses, while the Nasdaq (+0.18%) is narrowly scoring a gain.

Update: 12:29 p.m. ET

Midday Movers

Despite a strong start to the day, it looks like many U.S. equity benchmarks might be coming back to Earth, waiting for Nvidia's (+1.48%) highly-anticipated earnings this evening. The Russell 2000 (-0.05%) is now in decline after a strong start to the day, leaving just the Nasdaq Composite (+0.23%) and S&P 500 (+0.05%) in the green. The Dow (-0.16%) is also down.

Everybody might be sufficiently distracted by this evening's big earnings show, but as we wait, let's take a look at how other firms are doing in the market this afternoon.

Movers

At the top of today's mover list is the UK's WeShop Holdings (+436%), an e-commerce platform which offers its loyal shoppers to earn shares in the company. It debuted earlier this week on the Nasdaq and has been having a fantastic opening trade. It's joined up there with Nuvation Bio (+44%, positive phase 2 results) and Transmedics (+10.1%, no news).

Losers

On the other side of things, Wix.com (-17.2%) is getting hammered after its earnings, where it reported a beat and raised its outlook. However, costs of implementing AI affected its results, pushing the company down even more from recent lows. It's joined by retail popular trades such as Plug Power (-15.9%) and Opendoor (-12%), while crypto companies Circle (-10.2%), Strategy (-9.6%), and American Bitcoin Corp (-9%) also are hammered by the decline in crypto prices.

Update: 9:34 a.m. ET

Opening Bell

The U.S. market is now open. Just five minutes into trading, the small cap-focused Russell 2000 (+0.31%) is leading the way this morning, trailed by the Nasdaq (+0.22%), S&P 500 (+0.17%), and Dow (+0.08%). The latter two are looking to avoid a fifth consecutive day of losses.

Continuous futures for Crude Oil (-2.8%) just dipped below $59, while Gold (+1%) is sitting just above $4,110. Spot Bitcoin (-1.9%) prices are sitting at $91,204. The 10Y Treasury is 1.9 tips lower at 4.102%.

Here are other headlines making headway today:

Adobe to Buy Semrush

The creative software company will buy Semrush for $1.9 billion, looking to bolster its suite of marketing and generative AI tools. The company says that together, they will "deliver a comprehensive solution that gives marketers a holistic understanding of how their brands appear across owned channels, large language models (LLMs), traditional search and the wider web." Adobe stock is down nearly 2% on the news.

Crypto Keeps Crumbling

Crypto-exposed stocks continue plummeting today as Bitcoin and Ethereum fell through key psychological levels at $90K and $3K, bringing much of the market with them. The total crypto market capitalization is now within range of falling out of its historic $3 trillion level.

Update: 9:24 a.m. ET

Premarket Movers: Unity, Planet Fitness, Plug Power, Eversource

In a few short minutes, the U.S. markets will open. Before that, let's take a look at the stocks making big moves before the open, per MarketWatch data:

Update: 8:01 a.m. ET

A.M. Update: Nvidia Earnings in Focus

Good morning. After four straight days of declines for the S&P 500, traders are bidding up U.S. stock futures this morning. Futures for the four most-watched indexes are up this morning ahead of what has come to be seen as Wall Street's 'Super Bowl.'

After hours today, the world's most valuable company -- Nvidia -- will report earnings. The earnings will be a test of the staying power of the AI boom, which has been shaken by worries of overbuild, valuation concerns, and worries about circular financing. Alphabet CEO Sundar Pichai said yesterday that "irrationality" in the business has made it so "no company is going to be immune" if the AI bubble does pop.

If it's on the way to popping, the chipmaker's report might offer the clearest indication. Per Bloomberg, analysts are looking for the chip giant to report adjusted earnings per share of $1.26 on revenue of $55.2 billion, or a 55% and 57% increase year-over-year. A remarkable 89.3% of that revenue is expected to come from data center, while the remainder is expected to come from other businesses like gaming.

Reuters reports that Nvidia could swing more than $320 billion on the report, based on options data. However, it's hard to know how the earnings -- even if strong -- will be received by traders, especially given the worries seen in the market in recent days.

That said, we have a few more things on deck today. Here's what to keep an eye on:

Earnings + Economic Data

Per TipRanks, there's over 50 earnings reports today aside from Nvidia's massively-anticipated report.

Out already this morning is Lowe's and Target, which both cut their guidance, compounding existing concerns about the forthcoming holiday season.

Here's a short list of today's earnings:

Economic Data + Events

Aside from earnings, we're also expecting a light day of economic data -- at least before tomorrow's payrolls report.

Weekly housing data from the Mortgage Bankers Association is already out this morning, showing a decline in market activity as the 30Y Mortgage tipped up last week. It will be joined by overdue Import & Exports data from August, which should also be out today. And this afternoon, we'll get a look at those FOMC Minutes at 3:00 p.m. ET.

Here's a cropping of what's on deck, per TradingEconomics:

This story was originally reported by TheStreet on Nov 19, 2025, where it first appeared in the Latest Business & Market News section. Add TheStreet as a Preferred Source by clicking here.

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