Stocks and bitcoin slide as investors’ appetite for risk wanes

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Your Evening Briefing December 01, 2025 Stocks and bitcoin slide as investors' appetite for risk wanes The S&P 500, Nasdaq 100, and Russell 2000 all traded lower as bitcoin slumped and investors eschewed riskier assets. Hopes for a December rate cut remained high, with Bank of America analysts joining the bandwagon of hopefuls anticipating a rate cut at the conclusion of the Fed's two-day meeting next Wednesday. Stocks that moved higher: Synopsys soared after Nvidia announced a $2 billion purchase of its stock as part of a partnership between the two firms. Accenture jumped on a new partnership with OpenAI. Stocks that moved lower: As bitcoin slid, crypto-adjacent stocks like Coinbase and treasury companies like MARA Holdings and Strategy fell. Today, Strategy announced a $1.44 billion "US dollar reserve" to avoid participating in any bitcoin fire sale. Air taxi companies were in the red as Goldman Sachs initiated coverage on Joby Aviation, Archer Aviation, and Beta Technologies. Chinese EV maker Nio dipped as its November delivery total came in 10% below the company's record delivery total in October. Airbus dropped after a report of quality issues with its A320s. Korean e-commerce giant Coupang dropped after disclosing a data breach of 33.7 million accounts. Traders are pricing in a big swing in AI chip market share to Broadcom from Nvidia Nvidia came into the week trading at its biggest discount to Broadcom on record. Read more. JPMorgan Asset Management's top strategist on the outlook for 2026 We grabbed a few minutes with David Kelly, chief global strategist with JPMorgan Asset Management, after the money manager published its 2026 outlook. Read more.  Ethereum spot ETFs just saw their highest monthly outflow ever, losing $1.4 billion in November and breaking a seven-month streak of inflows. Cumulative net inflows now stand at more than $12.9 billion, data from SoSoValue shows.  Read more. Wedbush analyst Dan Ives updated his list of top 30 AI stocks Hello CoreWeave, IREN, and Shopify; bye-bye SoundHound, ServiceNow, and Salesforce. SoftBank founder Masayoshi Son was "crying" over selling Nvidia, says "I wish to have unlimited money" SoftBank founder Masayoshi Son made the remarks on the sale of Nvidia at the FII Priority Asia forum on Monday. Online holiday spending hits new heights, even with Gen Z's plans to pull back AI helped holiday e-commerce to a new record — inflation also seems to be doing quite a lot of the lifting. "The Big Short" investor calls Tesla "ridiculously overvalued" The hedge fund manager turned Substacker warns of the "tragic algebra" of stock-based compensation. Amazon AWS due to roll out its own updated AI models this week Amazon AWS's close relationship with Anthropic could be tested as the company rolls out updated versions of its Nova AI models this week.  Eli Lilly slashes Zepbound vial prices on its direct-to-consumer platform It's the latest move in an ongoing price war between the two drugmakers that sell the incredibly lucrative medications. More AI startups are reportedly turning to free Chinese AI models Chinese open-weight models have been closing the gap with leading frontier AI models, and for many startups, the low cost and performance are good enough.  Tesla sales continued to fall in Europe last month — but there were a few bright spots Sales in Italy and Norway jumped, while they continued declines in France and Spain. "Zootopia 2" is a rare smash hit for Hollywood at the Chinese box office The Disney sequel just had the second biggest foreign film debut ever in China, even as the country's box office leans heavily towards domestic movies. Was this email forwarded to you? Don't miss out on future stories — subscribe to The Wrap and get your daily dose of financial news straight to your inbox.  Craving more insights in your inbox? Subscribe to Chartr and Snacks for quality reads. We care what you think! If you have any feedback or comments, feel free to reply and let us know your thoughts!  Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... See more Sherwood Terms and Conditions Our Editorial Standards Contact Us Advertise With Us Unsubscribe Privacy Policy SHERWOOD MEDIA, LLC, 85 Willow Road, Menlo Park, CA 94025