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With volatility roaring back this week, you’ve probably seen the warnings against checking your 401(k). The exhortations to buy the dip in stocks. The urging to rebalance your portfolio. The calls that a recession is more likely.

In short, a week like this can be scary and confusing.

Enter Steve Sosnick, chief strategist at Interactive Brokers, with a zen-like suggestion: “Breathe.”

When confronted with a sell-off, investors have three options: buy, sell, or hold. Of course, these are always the options. But it’s worth a reminder that when there’s turbulence, doing nothing is always a choice.

There are plenty of pundits who are echoing that calming tone.

“To date, asset market fluctuations have remained within normal historical ranges and, in our view, do not signal cause for alarm,” wrote Michael Gapen, head of US economics at BofA Global Research, in a note to investors. Julian Emanuel of Evercore ISI told clients that stocks are still in a bull market. And Charles Schwab senior investment strategist Kevin Gordon explained to Yahoo Finance why he doesn’t see recent employment indicators as recessionary.

Early in the week, Goldman Sachs’ strategy team, led by David Kostin, said they were sticking with their call for the S&P 500 to reach 5,600 this year. They pointed out in a note to clients that sales and earnings estimates for 2024 and 2025 haven’t changed and that the S&P 500 typically rebounds after a 5% pullback.

Of course, not everyone is saying “ohm.” David Rosenberg of Rosenberg Research told Yahoo Finance that he still sees the US economy heading for a recession. For now, that seems the minority view, even as JPMorgan economists raised their forecast for the probability of a contraction to 35% by the end of the year from 25%.

Meanwhile, Sosnick said he’s been getting a lot of calls from non-financial industry friends asking, “What do I do?” His answer: “Nothing.”

There is one caveat, he said: If Monday’s sell-off in particular “freaks you out, you’re carrying too much risk. If you got margin calls or something, you may want to be taking a bit less risk.”

Julie Hyman is the co-anchor of Yahoo Finance Live, weekdays 9 a.m.-11 a.m. ET. Follow her on X @juleshyman, and read her other stories.

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Tether Holdings Ltd., issuer of the $115 billion stablecoin USDT, plans to double the size of its workforce over the next year to bulk up in areas like compliance.

The company expects to reach a headcount of about 200 people by mid-2025, Chief Executive Officer Paolo Ardoino said in an interview with Bloomberg News. Tether will also add staff in the finance department, which manages the $118 billion of assets backing USDT.

Nvidia stock (NVDA) climbed more than 6% Thursday along with other chip stocks as tech led a sharp market comeback.

The rebound came a day after shares of the AI chip heavyweight fell more than 5% along with other semiconductor names.

As of Thursday, Nvidia has shed more than $750 billion in market cap since its June peak as the stock has declined roughly 25% amid worries that the AI trade has run out of steam, and growing concerns over the US economy.

On Wednesday, a bullish note from Piper Sandler pointed investors to a “tremendous opportunity” to buy the AI chip maker and other semiconductor names following sector’s recent sell-off.

Analysts have shrugged off a recent report of a possible delay in Nvidia’s next-generation chip called Blackwell.

“We still sense an urgent demand across the board, and that mitigates the risk in a pause in shipments as customers wait for the next generation of chips to be available in volumes,” New Street Research technology infrastructure analyst Antoine Chkaiban told Yahoo Finance on Thursday.

Big Tech’s increased spending on data center infrastructure is keeping Wall Street optimistic. More than 40% of Nvidia’s revenue comes from Microsoft, Meta, Alphabet, and Amazon, according to Bloomberg analysis.

“I think that for 2025… things are fairly well set,” said Chkaiban. “We know roughly how much they [hyperscalers] expect to grow cap-ex. Plans are already set.”

The analyst recently raised Nvidia to a Buy rating with a price target of $120.

Advanced Micro Devices (AMD), Broadcom (AVGO), and Intel (INTC) all closed more than 5% higher on Thursday.

Chip stocks have remained volatile over the past few weeks as Big Tech names have led the recent market downturn.

Nvidia stock fell more than 6% on Monday as the “Magnificent Seven” stocks saw market cap losses of more than $650 billion during Monday’s market plunge.

Shares have regained some of those losses. Over the past four trading sessions the stock is down roughly 2%.

Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre.

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