The market started strong on Nvidia's huge earnings and upbeat AI outlook, but momentum reversed after a robust jobs report crushed expectations for a December rate cut. The result? The Dow and Nasdaq gave up big gains, with tech stocks—especially Nvidia—turning negative as investors rotated out of growth and into defensive names like Walmart. The selling reflects growing caution toward tech valuations in a 'higher for longer' rate environment, and some renewables and growth names like ChargePoint, Generac, and Lucid also fell. Once again, it looks like macro realities are outweighing even the most bullish company news.