{"id":13412,"date":"2026-11-09T15:30:47","date_gmt":"2026-11-09T15:30:47","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/09\/nvidia-plunges-but-tech-shares-rebound-oil-prices-slump\/"},"modified":"2026-11-09T15:30:47","modified_gmt":"2026-11-09T15:30:47","slug":"nvidia-plunges-but-tech-shares-rebound-oil-prices-slump","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/09\/nvidia-plunges-but-tech-shares-rebound-oil-prices-slump\/","title":{"rendered":"Nvidia plunges but tech shares rebound, oil prices slump"},"content":{"rendered":"
\"Nvidia\"<\/p>\n

Technology share prices clawed back some of last week\u2019s sharp losses on Monday, though gains were tempered by a plunge in Nvidia following a probe into its boss Jensen Huang over claims of an affair with an alleged Chinese spy.<\/p>\n

Oil prices fell five percent on hopes for diplomatic talks aimed at ending the US-Iran war.<\/p>\n

Chipmakers and other companies linked to the artificial intelligence boom took a hammering in the days after last Tuesday\u2019s US midterm elections, which saw Democrats sweep both chambers of Congress, leading to speculation lawmakers would seek to rein in tech firms.<\/p>\n

But Wall Street\u2019s main indices opened higher, with the tech-heavy Nasdaq adding 0.9 percent.<\/p>\n

Briefing.com analyst Patrick O\u2019Hare said the rebound in equities was due to more than just the drop in oil prices.<\/p>\n

\u201cWhat we also have this morning is an inclination to buy into last week\u2019s weakness, and specifically into the large losses seen in the AI trade,\u201d he said in a note to clients.<\/p>\n

The Philadelphia Semiconductor Index, which includes major chipmakers and AI firms, rose 1.9 percent.<\/p>\n

But the gains did not extend to Nvidia, which saw its shares slump more than eight percent as trading got underway in New York.<\/p>\n

O\u2019Hare said Nvidia was being treated as a one-off story by investors for the moment.<\/p>\n

\u201cIn other words, the stock is being penalized for Jensen Huang\u2019s personal transgression, which has invited a great deal of uncertainty into the mix, but the market isn\u2019t caught up in the notion that this situation is going to have a systemic domino effect,\u201d he said.<\/p>\n

The news that Nvidia\u2019s board would investigate whether Huang had been targeted in a foreign espionage plot, following his admission he was unfaithful to his wife, brought fresh uncertainty in the markets.<\/p>\n

The New York Times last month reported that US intelligence officials concluded a Chinese executive linked to a Singapore-based data centre company called Megaspeed had been funnelling information to Beijing.<\/p>\n

The executive, Alice Huang \u2014 also known as Huang Le, and no relation to 63-year-old Taiwanese-born Jensen \u2014 developed a close relationship with the Nvidia boss, the Times said.<\/p>\n

In a message to company employees released to media on Sunday, Huang acknowledged having an affair and apologised to his family and company staff.<\/p>\n

Nvidia is a global leader in producing chips used to train and run AI models and one of the world\u2019s most valuable companies, and last year became the first to reach a market capitalisation of $5 trillion.<\/p>\n

Technology analyst Dan Ives, at the investment bank Yorkville Ives, said the crisis would at the very least spark congressional inquiries and \u201ccreate an overhang on the stock for a myriad of reasons\u201d.<\/p>\n

\u201cThis will add risk to the stock as he is so important to the Nvidia story and strategy globally,\u201d Ives said.<\/p>\n

\u201cThis will also increase major scrutiny regarding selling chips to China, which remains a key battleground issue in DC,\u201d he added.<\/p>\n

China on Monday said the claims that it had spied on Huang were \u201cbaseless\u201d.<\/p>\n

Europe\u2019s main stock markets rose in afternoon trading following gains across much of Asia.<\/p>\n

The dollar fell against its main rivals.<\/p>\n

\u2013 Key figures at around 1430 GMT \u2013<\/h2>\n

New York \u2013 Dow: UP 1.1 percent at 51,858.65 points<\/p>\n

New York \u2013 S&P 500: UP 0.8 percent at 7,438.80<\/p>\n

New York \u2013 Nasdaq Composite: UP 0.9 percent at 24,792.85<\/p>\n

London \u2013 FTSE 100: UP 0.7 percent at 10,742.85<\/p>\n

Paris \u2013 CAC 40: UP 1.1 percent at 8,225.88<\/p>\n

Frankfurt \u2013 DAX: UP 1.2 percent at 26,134.77<\/p>\n

Tokyo \u2013 Nikkei 225: UP 2.3 percent at 58,775.50 (close)<\/p>\n

Seoul \u2013 Kospi: DOWN 0.8 percent at 5,018.85 (close)<\/p>\n

Hong Kong \u2013 Hang Seng Index: DOWN 0.1 percent at 24,448.95 (close)<\/p>\n

Shanghai \u2013 Composite: UP 0.3 percent at 3,660.79 (close)<\/p>\n

Brent North Sea crude: DOWN 5.5 percent at $92.90 per barrel<\/p>\n

West Texas Intermediate: DOWN 4.9 percent at $86.34 per barrel<\/p>\n

Euro\/dollar: UP at $1.1197 from $1.1138 on Friday<\/p>\n

Pound\/dollar: UP at $1.3416 from $1.3350<\/p>\n

Dollar\/yen: DOWN at 157.95 from 158.46 yen<\/p>\n

Euro\/pound: UP at 83.44 from 83.43 pence<\/p>\n

\n

The post Nvidia plunges but tech shares rebound, oil prices slump<\/a> appeared first on Vanguard News<\/a>.<\/p>\n<\/div>\n

Source: <\/p>\n

Vanguard News<\/div>\n","protected":false},"excerpt":{"rendered":"

Technology share prices clawed back some of last week\u2019s sharp losses on Monday, though gains were tempered by a plunge in Nvidia following a probe into its boss Jensen Huang… <\/p>\n","protected":false},"author":1,"featured_media":13413,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-13412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/13412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=13412"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/13412\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media\/13413"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=13412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=13412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=13412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}