Nvidia's Earnings Boost: How the Chipmaker's Success Revived Broader 'Risk-On' Assets Affected by AI Turmoil

Nvidia's Strong Earnings: Nvidia Corp's third-quarter earnings on November 19 challenged concerns about an AI bubble, leading to a market rally across various asset classes despite warnings from experts about overvaluation and potential risks.

Market Rebound: The positive earnings report spurred gains in crypto assets and growth stocks, with Bitcoin and Ethereum rebounding, while traditional indices like the Dow Jones and Russell 1000 also saw increases, indicating a broader market recovery.

Countering Bearish Views: Social media discussions highlighted skepticism towards Michael Burry's bearish stance on Nvidia, with the company's CFO defending the longevity of their GPUs against claims of inflated earnings due to depreciation issues.

Nvidia's Stock Performance: Nvidia's shares have outperformed major indices year-to-date, rising 34.86%, and the stock closed higher following the earnings report, reflecting strong investor confidence in the company's future prospects.