What’s News in Markets: Investor Jitters, Retail Rivalries, Nuclear AI

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  Hey listeners, it's Saturday, November 22nd.

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  I'm Telus Demos for The Wall Street Journal, filling in for Francesca Fontana.

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  And this is what's news in markets.

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  Our look at the biggest stock moves of the week and the news that drove them.

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  So let's get to it.

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  This week in markets, investors, they just wanted out.

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  They wanted out of AI stocks, fearing inflated valuations and overly aggressive spending.

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  But it wasn't just that.

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  They also wanted out of things that are usually meant to go up when stocks are going down,

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  things like Bitcoin and gold.

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  The week started off with two straight days of sell-offs,

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  then NVIDIA posted a record $57 billion in revenue for the quarter.

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  That set off a frantic morning rally on Thursday from Tokyo to New York,

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  but by the end of the session, the sell-off was back.

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  Even NVIDIA, big as it is, couldn't save the market.

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  The indexes blew their gains and went back into the red.

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  AI wasn't the only thing on investors' minds, though.

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  Another big factor behind the swoon,

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  a belief that the Fed won't ride to the rescue with another rate cut next month.

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  That belief firmed up after the delayed, but better than expected, September jobs report.

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