Why the Once-Invincible Nvidia Can't Save the AI Trade
The stock market is sensitive to everything from the path of interest rates to ominous OpenAI commentary - and now investors are digging more closely into Nvidia's earnings. Nvidia's fiscal third-quarter earnings report came out ahead of Wall Street's expectations, but it failed to give AI stocks a boost.The artificial-intelligence trade was already starting to crack before Nvidia Corp. reported earnings, and upbeat results from the world's largest company weren't enough to flip sentiment.That dynamic highlights growing jitters about factors far beyond Nvidia's control, and sets the market on a bumpy path for the balance of 2025.That wasn't to be. Shares of Nvidia and other AI plays opened the next session higher but closed meaningfully lower by the end of the day. For momentum-oriented names like Sandisk Corp. , which had run up big on optimism for AI-related storage needs, the declines were especially dramatic.Nvidia "has been taking in hefty prepayments from customers and then reco