Nvidia already added the equivalent of General Mills and lost the equivalent of Boeing and it’s only 10:10 a.m.

Nvidia, the epicenter of the AI rally, has also become the focal point of market angst.

And it’s trading with so much volatility that it’s both inspiring and dashing hopes for a market recovery on the same day — heck, even the same morning.

The company was up about 1.3% at its highs in the premarket, an addition of about $37 billion in market cap (equivalent roughly to adding an Electronic Arts, General Mills, or Hershey). It then proceeded to swing deeply into the red, falling as much as 4.6%. That’s tantamount to the destruction of market value you’d see if Deere & Co. or Boeing vanished.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

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Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

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