Gene Munster thinks Wall Street isn't factoring in a few key developments as analysts prepare for the chip giant's Q3 earnings report on November 19.

Wall Street tumbles as Nvidia slides, investors fret that Fed may slow rate cuts - Nation and World News | Hawaii Tribune-Herald

Wall Street ended sharply higher on Monday, led by big gains in Nvidia, Palantir and other heavyweight AI-related companies following progress in Washington to end a record government shutdown.

A rough week for tech stocks might signal a loss of investor confidence in artificial intelligence. The Wall Street Journal reports that the Nasdaq Composite Index was down 3% — making this its worst week since President Donald Trump announced his sweeping tariff plan in April.

Adobe also noted that generative-AI-driven traffic is rising sharply — and converting better. In October, visits from AI-referral sources surged 1,200% year-over-year. Those shoppers were 16% more likely to make a purchase and showed 31% lower bounce rates, exploring more content and spending more time on retail sites.

The U.S. stock market tumbled on Thursday to one of its worst days since its springtime sell-off, as Nvidia and other AI superstar stocks kept dropping on worries their prices shot too high. Also hurting the market were questions about whether coming cuts to interest rates that Wall Street has been banking on will actually happen.