Stock Market Today: Russell 2000, Dow Jump More than 1% Despite Nvidia's Decline; Inflation Worries

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Happy Tuesday. This is TheStreet’s Stock Market Today for Nov. 25, 2025. You tin travel the latest updates connected the marketplace present successful our regular unrecorded blog.

The U.S. markets are present open. As mentioned earlier, the Russell 2000 (+0.39%) and Dow (+0.27%) are putting up a steadfast showing to commencement the day, portion the Nasdaq (-0.41%) and S&P 500 (-0.12%) are seeing a airy decline. These opening prints travel amid a slew of economical information -- including overdue reports from September, which were delayed by the authorities shutdown. They besides travel successful an abbreviated week, which is seeing 1 past propulsion for net season.

Here are today's emerging stories:

Shares of spot elephantine Nvidia are down implicit 4% this greeting arsenic Google genitor Alphabet hits different 52-week high. It's up much than 2% this greeting acknowledgment to the optimism surrounding its caller Gemini 3 AI model.

However, there's different crushed wherefore Alphabet's triumph is Nvidia's loss. Gemini 3 runs connected Alphabet's ain AI TPU chips, alternatively than Nvidia's GPU architecture -- and past night, a study emerged that Meta might beryllium eying the usage of akin exertion for its information halfway expansion.

People could forgive investors for ignoring Alphabet's TPUs erstwhile the institution was struggling to find its individuality with AI, but arsenic the competing spot architecture demonstrates efficiencies implicit GPUs built by Nvidia and wins implicit competitors, there's reasons to perk up.

For those who reckon that Nvidia's GPUs are the 'only crippled successful town', that's atrocious news. It isn't. In fact, it hasn't been for a agelong time. The quality besides hammered shares of Advanced Micro Devices, which is down implicit 6% this greeting -- present down much than 23% this month, falling beneath $200.

Anybody other weirded retired by the information that the world's astir invaluable institution is defending itself successful backstage memos to its accountants arsenic "not Enron"? No?

Well, possibly there's crushed to perk up. WSJ's Heard connected the Street ran a fascinating communicative that seems to quadrate immoderate of the "aggressive accounting" progressive successful making Meta's caller information halfway look amended than it supposedly truly is. They much oregon little skewer immoderate of the assumptions they've made successful gathering their $27 cardinal mega build.

Accounting has go a large constituent of the AI bubble treatment for a fig of reasons. Its besides been championed by Michael Burry of "The Big Short" fame, who has alleged that convenient accounting has helped companies look amended than they truly are.