US stocks climbed on Friday to close a turbulent session in the green amid rising optimism for a December interest rate cut, while bitcoin (BTC-USD) kept tumbling amid a brutal stretch for cryptocurrencies.

It looks like retail investors in Tesla and Nvidia got burned this week by the time-tested strategy of buying the dip.

Investors' initial euphoria gave way to selling as hopes for a December rate cut faded and bitcoin continued to sell off.

The swift expansion of expensive AI infrastructure and the high capital demands for generative AI, in comparison to earlier cloud technologies, have left

However, with investors celebrating the apparent breather in the AI storm, a very familiar voice has stepped back into the conversation. Scion Asset Management founder Michael Burry, the original “Big Short,” is back at it, questioning whether Nvidia’s explosive growth reflects sustainable demand.

Stocks were easing from a powerful morning rally that left the three major U.S. equity indexes up with only modest gains on Thursday The Dow Jones Industrial Average, the S&P 500 index and the Nasdaq Composite index were each up about 0.

As Salesforce (CRM) leans into AI-powered products and tighter operational discipline, investors are taking a fresh look at its long-term trajectory.

Palantir's recent pullback does little to offset a valuation that already assumes years of flawless execution in a brutally competitive AI software market.

The stock market’s fear gauge spiked to its highest levels in a month. The CBOE Volatility Index, or VIX, surged as high as 28.27 on Thursday, which was its highest intraday level since Oct. 17. It later pulled back to 26.

D-Wave Quantum (NYSE: QBTS) has had an incredible year, as the stock is up around 175%. However, that's nowhere near its peak stock price. Just a few weeks ago, D-Wave was up over 400% for the year, which shows how quickly the stock market has shifted to quantum computing stocks.

A day after Thursday’s anxiety-inducing fake out, Friday turned into Redemption Day on Wall Street. The Dow ended the day 493 points higher, or 1.08%, after gaining as much as 800 points earlier in the day. The broader S&P 500 finished out the day 0.98% higher and the Nasdaq was up by 0.88%.