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Stock Lightning Round: GOOGL, AVGO, NVO, INTU, TSLA

November 24, 2025

Summary


After last week’s roller coaster, the market is up big today.  At the moment, the S&P is +1.5%.  The Nasdaq 100 is +2.5%.  Our AI basket is +4.0%!


The vibes are due to Google and its new AI model, Gemini 3.  Early reviews say that it’s more effective than the current leader, ChatGPT (from OpenAI).  That’s putting wind in the sails of all the major AI stocks.


As a reminder, we’re not focused on AI because we think it’s cool or the “next big thing”.  We’re focused on it because the AI basket is over 30% of the S&P 500.  We simply cannot ignore it.  


Below we have a lightning round of updates from a few key stocks.


Google and Broadcom


Google launched the newest version of its AI software last week — Gemini 3.  And the reviews over the weekend were terrific.  Both official benchmark tests and anecdotal reviews suggested that Gemini had finally surpassed the market leader, ChatGPT (from OpenAI).  


This news is giving a big bump to Google stock today.  It’s also giving a big bump to Broadcom (AVGO).   Google has a deep partnership with Broadcom for its chip development in its data center platform.


Novo Nordisk (NVO)


Novo is one of the two main suppliers (along with Eli Lilly) for the GLP-1 weight loss drugs.  Novo had been running a test to see if these drugs would be effective to treat dementia in Alzheimer patients.  It was a bit of a long shot, but it would have been a huge deal if successful.  Today the company announced the results of the trial were negative.  Bummer for humanity.  It’s also a bummer for the stock, which is down on the news.


Intuit (INTU)


Last week, we didnt get a chance to talk about earnings from one of my favorite stocks, Intuit (INTU).  Intuit is a business software company, offering well known programs such as Quickbooks for small businesses, TurboTax, Credit Karma, and MailChimp (which your humble editor uses for distribution of the daily interest).  Revenue grew +18%, and EPS grew 33%.  The fundamentals have all been strong this year.  But the stock has lagged the market unfortunately, due to fears about the impact of AI on its business.  For now at least, the numbers are all pointing the right direction.


Tesla (TSLA)


Tesla is up today on a X post from Elon Musk over the weekend about upcoming new chip rollout.   Specifically, he said the company is close to complete on the AI5 chips and will soon begin work on the AI6.   However, earlier this month, the company disclosed that due to a lack of components, the AI5 would not be deployed until 2027.  So it’s a little unclear what’s different now.  Either way, the stock likes it today.


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