Nvidia stock was finding its footing Friday after the selloff following its earnings report. The results weren’t able to keep the market from falling, but Wall Street analysts are backing the chip maker,

The Dow gained 800 points, or 1.7%, and the broader S&P 500 rose 1.6%. The Nasdaq was about 1.7% higher. The rally came after New York Federal Reserve President John Williams said he supported lowering near-term interest rates, giving traders hope that they could get a December rate cut, after all.

Nvidia (NASDAQ:NVDA) reported blockbuster earnings in Q3, with many believing that the report was enough to put an end to the “market crash” or the “AI bubble myth.” NVDA and many other related AI stocks did start gaining significantly pre-market and in the early hours,

The U.S. stock market is slumping as superstars swept up in the mania around artificial-intelligence technology keep weakening. The S&P 500 fell 1.5% Thursday.

Management expects its 2025 revenue to total just $2.5 million. However, once all 2,000 robots are operating in the Uber Eats network in 2026, it believes its annual revenue could increase tenfold to $25 million. Serve's losses are much easier to stomach with that kind of growth in the pipeline, but there is little room for error.

Jarring swings keep rocking Wall Street, and U.S. stocks erased a big morning gain to drop on Thursday as the market remains skittish following weeks of doubts and erratic moves.