Market bulls, briefly roused Thursday morning, have slipped back into a fall hibernation. Why it matters: The world's largest retailer, world's most valuable company and world's largest economy all showed signs of life — but not enough to shift the mood of increasingly jittery investors.

US stocks soared on Thursday after stronger-than-expected quarterly earnings from Nvidia Corp. eased fears that AI stocks may have become overvalued.

The move pushed BTC to its lowest level since April and erased most of its 2025 gains, with the market cap slipping to roughly $1.77 trillion and 24-hour volumes topping $70 billion as forced liquidations and de-risking rippled through futures markets.

Nvidia was up by more than 5% at one stage after the giant maker of artificial-intelligence enabling chips posted a sharp increase in quarterly revenue and forecast more growth in the fourth quarter.