November 25, 2025

By Nigam Arora

To gain an edge, this is what you need to know today.

Bad News For Nvidia

Please click here for a chart of Nvidia stock (NVDA).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of NVDA stock is being used to illustrate the point.
• In yesterday’s Morning Capsule, we wrote:

• On several benchmarks, the new version of Google’s (GOOG, GOOGL) Gemini is beating the latest version of OpenAI’s ChatGPT. This has two implications.

  • Google might be able to keep its search dominance.

  • This is a problem for Nvidia (NVDA) because Google is using its own chips.