Wall Street Today Google and Tesla Lift Nasdaq as Traders Eye a Real Year-End Rally

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Find out what happening right now and get all the pieces of the puzzle on important data activity before the major news sources break the story and see what are the trends
 

•  24 Nov 2025
 

•   BABA  
   
  +1.08%
•   BIIB  
   
  -0.48%
•   GOOGL  
   
  +1.81%
•   LLY  
   
  +0.49%
•   NVDA  
   
  +1.11%

$GOOGL opens the session with strong momentum, climbing more than 5% as the Nasdaq jumps 1.4%. The shortened Thanksgiving week often carries a positive historical bias, with about 69% of these weeks finishing higher since 1960. After the volatility of recent days, the market feels ready to repeat that pattern. Alphabet moves past Microsoft in market value for the first time since 2018, now at 3.75 trillion dollars, and traders are rewarding the company for convincing the market it is firmly in the AI race with Gemini 3 and consistent recent earnings.

$TSLA follows with a gain above 4%, supported by investor enthusiasm after Elon Musk revealed progress on Tesla’s in-house AI chips. The company is finishing the AI5 chip and already working on AI6, aiming to release a new chip every year. For investors this signals Tesla’s intention to expand beyond vehicles into a deeper AI and autonomy ecosystem. The ambition is big and so are the execution challenges, but traders are watching closely to see if Tesla can convert vision into delivery.

$NVDA trades with tension after a volatile week in AI names, but the backdrop remains strongly constructive. Bank of America issued a bullish report and repeated a buy rating with a 275 dollar price target, implying about 52% upside. The report highlights that cloud GPUs remain sold out, including six-year-old Ampere processors, which tells traders demand is nowhere near cooling. Nvidia continues to announce massive AI factory projects, some at the scale of one gigawatt, and this anchors long term optimism even if the stock saw profit taking earlier.

$BABA posts early gains of around 3.6% as its AI app Qwen exceeds 10 million downloads in the first week of its renewed launch. Investors expect more color as the company reports earnings on Tuesday. The fast adoption gives Alibaba a fresh narrative in the crowded AI space and reassures traders who were looking for signs of new momentum.

$LLY trades flat after recently becoming the first US pharma company to reach a one trillion dollar valuation. The strength comes from its diabetes and obesity medicines that continue to outperform expectations. On the other side of the sector, $NVO plunges nearly 9% after a semaglutide based Alzheimer trial fails to show meaningful clinical benefit. The disappointment triggers a rotation toward other cognitive health players and lifts $BIIB about 5% in early trading.

$BTC holds near 86,000 dollars after a sharp weekend correction and remains far from the 126,000 peak seen in early October. Traders appear cautious as leveraged positions unwind and volatility stays compressed. Even as US equities show holiday strength, crypto markets are moving with hesitation and limited conviction.

The mood this week is shaped by the softer tone from New York Fed President John Williams on Friday, which pushed December rate cut expectations back toward 70% and helped ease tension after a turbulent week. Bond markets echo the mixed but improving sentiment as two-year yields rise to 3.52% while 10-year yields ease to 4.05%. For traders this combination offers hope that monetary policy may be approaching a more supportive phase.

With a short trading week, seasonal tailwinds and renewed optimism in major tech names, the setup invites traders to ask the same question every November, is this finally the start of the year-end rally or just another holiday bounce. If you want to explore which names have real potential to lead the next leg higher, the full analysis offers a deeper look.

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