CNBC Daily Open: Expectations can move shares in strange ways — just look at Nvidia

Markets digest Nvidia earnings 
U.S. markets rose connected Thursday aft digesting Nvidia's net release. Its shares roseate conscionable 0.5%. Alphabet slumped 4.7% connected the U.S. Department of Justice calling for Google to divest Chrome. Asia-Pacific stocks traded mixed connected Friday. Japan's Nikkei 225 added 0.87% connected the merchandise of ostentation data, portion Hong Kong's Hang Seng index sank 1.58%.

Headline ostentation successful Japan falls
Japan's ostentation successful October dropped to 2.3% from 2.5% successful September. However, "core-core" inflation, a speechmaking that excludes caller nutrient and vigor prices and is tracked by the Bank of Japan, roseate to 2.3% from 2.1% the erstwhile month. More than fractional of economists polled by Reuters expect the BOJ to hike rates by 25 ground points successful December.

Aftereffects of Adani allegations
On Thursday, the Adani Group denied allegations of bribery and fraud made by U.S. authorities successful narration to the group's seat Gautam Adani, calling them "baseless." Still, the specified beingness of those allegations could dampen investors' enthusiasm connected Indian markets and enactment regulators successful India nether scrutiny, writes CNBC's Ganesh Rao.

Foreign automakers request to spouse Chinese ones
Automakers crossed the world, specified arsenic U.S.' General Motors, Germany's Volkswagen and Japan's Nissan, are experiencing slumping income successful China, whereas home carmakers similar BYD and Geely are dominating the Chinese market. To past successful China, overseas automakers request to partner with Chinese companies, analysts say.

[PRO] Stimulus boosting Chinese markets
Chinese markets are "turning a corner" aft the Beijing unleashed respective stimulus measures to boost the economy, said HSBC. "The marketplace has truthful acold reacted positively to these initiatives,' analysts from HSBC wrote successful a Nov. 19 note, successful which they picked two Chinese stocks to clasp for 2025.

With Nvidia's earnings retired of the way, markets tin instrumentality to a semblance of regular programming aft a period of frenzy that included the U.S. presidential elections, the Fed bringing rates down by 25 ground points, Russia ratcheting up its nuclear rhetoric, to notation conscionable a fewer events. 

U.S. markets took everything successful their stride and took a fewer dependable steps guardant connected Thursday. The S&P 500 roseate 0.53%, the Dow Jones Industrial Average climbed 1.06% and the Nasdaq Composite was mostly flat. 

"I deliberation markets are yet uncovering their footing for 2 reasons: One is betterment from that postelection hangover aft the archetypal week, and [two is] absorption to Nvidia's earnings," Nuveen CIO Saira Malik told CNBC. 

Nvidia reported an unthinkable – by astir standards – third-quarter fiscal report. Its gross astir doubled twelvemonth connected twelvemonth and nett income soared. 

But we cognize already investors' barroom for Nvidia is determination beyond the stratosphere. Impressive arsenic Nvidia's net are, investors were inactive enactment disconnected by a operation of the chipmaker's slowing complaint of maturation and a comparatively blimpish projection for its income ahead. 

Nvidia shares ticked up conscionable 0.5% aft falling successful premarket trading. 

By mode of comparison, let's look astatine information analytics bundle Snowflake. Its fiscal third-quarter revenue roseate 28% twelvemonth connected twelvemonth (remember that Nvidia's jumped 94%) and the company's nett nonaccomplishment widened. But investors were truthful pumped they pushed up its banal 32.7% to springiness Snowflake its champion time ever. 

That discrepancy mightiness look baffling. But it's not antithetic for the markets, wherever expectations dictate stock movements.  

If investors expect a institution to marque a immense nonaccomplishment and it manages to marque a dollar successful profit, shares are apt to rise. An exaggeration, but still. That's conscionable regular programming for markets. 

— CNBC's Jesse Pound, Samantha Subin and Alex Harring contributed to this report.