01 Stock Market
As of Nov 14, the U.S. major indexes closed as follows: Dow Jones up 0.10% at 52347.55; S&P 500 down 0.40% at 7561.67; NASDAQ down 0.91% at 25136.27.Unusual-move stocks were dominated by a sharp AI and semiconductor selloff, while a handful of non-tech names moved higher. NVIDIA fell 2.01% at $162.85; Advanced Micro Devices declined 8.75% at $534.06; Broadcom fell 4.76% at $347.01; Marvell Technology declined 4.68% at $156.76; SanDisk fell 5.59% at $885.01; and NEBIUS declined 9.92% at $115.88. On the upside, Cerebras Systems surged 11.22% at $108.72, while Apple rose 0.39% at $356.27 and Microsoft increased 0.17% at $523.88. The broader read-through was that investors rotated away from AI infrastructure and memory-chip names after a volatile session.Several China-related and speculative small-cap names also saw outsized moves, but the group was mixed rather than one-directional. Shineco soared 97.82% at $0.10, Jianzhi Education Technology jumped 17.81% at $1.72, and TOP Financial Group advanced 10.17% at $17.00. Among other gainers, Zepp Health rose 10.76% at $2.78, Lufax increased 9.57% at $7.21, and GigaCloud Technology climbed 2.84% at $66.63. On the weaker side, Reto Eco-solutions plunged 27.84% at $5.60, Chaince Digital fell 18.70% at $4.26, and Licen China declined 16.29% at $0.03. The spread suggests idiosyncratic trading remained strong even as the market’s main pressure point stayed centered on technology.
02 Other Markets
U.S. 10-year Treasury yield rose by 0.98%, latest at 5.15.USD/CNH fell 0.0789%, at 6.71; USD/HKD rose 0.0082%, at 7.85.U.S. Dollar Index rose 0.2229%, at 103.40.WTI crude futures rose 0.20%, at 88.92 USD/bbl; COMEX gold futures rose 0.06%, at 3887.60 USD/oz.
03 Top News
1. U.S. producer prices rose more than expected, reinforcing rate-hike expectations. The Labor Department reported wholesale inflation remained elevated even after a monthly slowdown. The data kept pressure on bond yields and supported the dollar.
2. Nvidia’s board reportedly reached out to a potential successor as leadership uncertainty deepened. Reuters reported the company approached Arm CEO Rene Haas in connection with succession planning. The report added to investor concerns around execution at the center of the AI trade.
3. Morgan Stanley analysts urged Nvidia to name a permanent chief executive. The firm said the interim arrangement could complicate customer commitments and strategic planning. The note highlighted how leadership stability has become a key issue for the chipmaker.
4. Nvidia’s founder resignation and related disclosures triggered a sharp market-value drop. The company was said to be on pace for a record weekly market-cap decline. The selloff rippled across AI-related stocks and weighed on semiconductor sentiment.
5. Reuters said AI-linked U.S. stocks fell again as Nvidia turmoil spread. The report described broad pressure on neocloud names and other AI beneficiaries. The move showed how dependent parts of the trade have become on one bellwether.
6. Microsoft said it was making progress in restoring services after a major outage. The company continued work on email and collaboration tools that had disrupted businesses and public agencies. The update reduced some immediate operational uncertainty for users.
7. Cerebras Systems reported strong earnings and signed a Microsoft partnership. The company said the deal helps diversify its customer base beyond OpenAI-related demand. The combination of results and partnership news supported a strong share reaction.
8. Cleveland-Cliffs restarted a finishing operation in Canada and recalled laid-off workers. The steelmaker said higher demand justified bringing back the Hamilton plant workers. The action signaled a modest improvement in part of the industrial metals chain.
9. AMD’s shares came under pressure as analysts questioned the AI investment case. Dow Jones reported Wall Street was reassessing the broader AI trade without Jensen Huang’s central role. The move added to weakness across chip suppliers and related hardware names.
10. Sandisk was highlighted as a potential rebound candidate despite recent weakness. The company was cited as a beneficiary of AI infrastructure demand for flash storage. The coverage contrasted with the day’s broader memory-chip slump.
Sources: Reuters, Dow Jones, Tiger Newspress, public market dataDisclaimer: This content is for reference only and does not constitute investment advice.