Markets rebound following Nvidia’s earnings report

Nvidia reported $57 billion in revenue for the third quarter of 2025, up 22% from Q2 and 62% from a year earlier. Earnings came in at $1.30 per share, beating analyst expectations of $1.25. NVIDIA’s stock jumped more than 5% in late trading following the announcement.

The company said demand for its newest Blackwell processors and cloud GPUs remains extremely strong. “Blackwell sales are off the charts, and cloud GPUs are sold out,” NVIDIA CEO Jensen Huang said in a statement.

Markets across Asia – including Japan, South Korea, and Taiwan – saw significant gains, while U.S. futures pointed to solid increases for the S&P 500 and Nasdaq after a recent downturn. Bitcoin is trading above $92,000 after briefly dipping below $90,000 earlier in the week. Its correlation with U.S. equities suggests both have been moving in the same direction.

Over the past year, rising excitement around generative AI and associated infrastructure spending has pushed up valuations of major tech companies. Some investors and analysts have warned that the surge may resemble prior technology bubbles. 

As we reported earlier, Peter Thiel’s fund Thiel Macro fully exited its Nvidia position in the third quarter, unloading 537,742 shares worth about $100 million at the Sept. 30 close, fueling market fears. SoftBank also sold Nvidia stock, disposing of $5.83 billion. Regulatory filings showed a near-even split: 161 funds increased Nvidia holdings, while 160 reduced them. Nvidia shares have risen about 2% since late September.

Despite the rebound, major indexes are still down for the week as growth stocks continue to face pressure. Investors are closely watching upcoming economic releases and policy signals from the U.S. Federal Reserve.