Global equity markets surged on November 19-20, 2025 after Nvidia posted stronger-than‐expected earnings and revenue, boosting sentiment across tech sectors. In the US, the S&P 500 and Nasdaq Composite rose about 0.4 %-0.6 %, while Asian markets opened higher. Investors cited reduced fears of an AI bubble and increased appetite for growth linked equities. However, some caution remains as valuations are stretched and macro readings still reflect uneven momentum across regions.