The market was hit with a Black Swan event after Jensen Huang abruptly resigned as president and CEO of NVIDIA, effective immediately. The announcement came just days after Huang acknowledged marital infidelity amid reports of a relationship with Alice Huang (no relation), a former Megaspeed executive whom U.S. intelligence officials reportedly suspect of spying for China. Megaspeed is an NVIDIA customer. Reports of a separate affair with an NVIDIA executive also surfaced shortly before his resignation.
The fallout is impacting the broader AI trade as the speed of the buildout comes under renewed pressure.
That wasn't the only headwind for investors. The October consumer inflation report showed prices rising faster than expected, while annual producer inflation reached its highest level in nearly four years.
One bright spot for investors may come from the upcoming initial public offering of Anthropic NASDAQ: ANT. The company plans to begin trading publicly on or around Nov. 19, and there is speculation that investors are rotating out of other AI stocks in anticipation of the IPO.
Next week will also give investors a read on consumer spending as many of the top retailers report results. The MarketBeat analysts will be on top of those reports as well as breaking news impacting the market. Here are some of our most popular articles from this week.
Articles by Thomas Hughes
NVIDIA NASDAQ: NVDA plunged on news of Jensen Huang’s resignation. Thomas Hughes asked what every investor wants to know: whether the company can maintain its momentum without him.
Like many quantum computing stocks, D-Wave Quantum NASDAQ: QBTS still has long-term potential, but a downtrend and dilution risks are clouding the picture. Hughes analyzed whether now is the time to buy.
Buybacks and an AI push could set up a recovery for monday.com NASDAQ: MNDY. Hughes explained why Wall Street may be making a big mistake with the stock.
Articles by Sam Quirke
Shares of Sandisk NASDAQ: SNDK have plunged into oversold territory since its October earnings report. Sam Quirke asked whether the stock is a bargain or a value trap.
The midterm results have investors looking for safety. Quirke explained why Apple NASDAQ: AAPL looks like a safe haven for AI exposure.
Tesla NASDAQ: TSLA is ending production of the Cybertruck to make way for its Cybercab robotaxi. Quirke summarized what the move reveals about the company’s real priorities.
Articles by Chris Markoch
Archer Aviation NYSE: ACHR fell on an earnings miss, but it just reached a key FAA milestone. Chris Markoch explained why that certificate isn’t the final hurdle.
Golden Dome is a $185 billion opportunity for defense and tech companies. Markoch looked at who actually gets paid.
Dividend safety and growth potential don’t always come in the same package. Markoch highlighted three pharmaceutical stocks that offer both.
Articles by Ryan Hasson
Airbnb NASDAQ: ABNB jumped on an earnings beat while much of tech sold off. Ryan Hasson asked whether the post-earnings rally can last.
The AI sell-off has knocked some of the sector’s biggest names down to attractive levels. Hasson highlighted five AI heavyweights that look too cheap to ignore.
Alphabet NASDAQ: GOOGL is rolling out new TPU chips even as questions about search linger. Hasson explained how the company is escalating its AI chip rivalry with NVIDIA.
Articles by Leo Miller
Anthropic’s S-1 filing offers a closer look at its spending commitments. Leo Miller explained why it strengthens the growth case for Broadcom NASDAQ: AVGO.
Sales at Aehr Test Systems NASDAQ: AEHR tripled on AI demand, and the company raised guidance. Miller analyzed why the stock notched another post-earnings win, and the risks that remain.
Atlassian NASDAQ: TEAM beat earnings, but disappointing guidance sent shares lower after a big run. Miller provided a breakdown of why the company’s strength remains intact.
Articles by Nathan Reiff
Two mid-cap growth stocks just reported earnings. Nathan Reiff asked whether they’re worth the risk, or whether an ETF is the safer bet.
One quantum computing company raised the bar this earnings season. Reiff explained why three of its rivals face tough questions.
Three companies have bought back billions of dollars in stock. Reiff looked at which one offers the best value.
Articles by Dan Schmidt
DraftKings NASDAQ: DKNG just lost 20% of its value. Dan Schmidt explained why its biggest gamble is still ahead.
Costco NASDAQ: COST declared a record $30 special dividend as sales accelerate. Schmidt analyzed what the payout shows about the strength of its cash machine.
Articles by Jeffrey Neal Johnson
The chairman of Kinder Morgan NYSE: KMI just bought $15 million in stock. Jeffrey Neal Johnson explained what the insider buy could signal.
AAON NASDAQ: AAON is riding the AI heatwave to record growth. Johnson pointed out how data center cooling demand is powering the company’s outlook.
USA Rare Earth NASDAQ: USAR has started shipping product as a defense deadline approaches. Johnson asked whether those first sales can turn into big profits.
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