Nvidia plunges but tech shares rebound, oil prices slump
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Nvidia shares slumped more than 5% on November 9, 2026, following a probe into boss Jensen Huang.
- ✓Despite this, tech shares rebounded as investors bought into last week’s losses.
- ✓Patrick O'Hare said, "The market isn't caught up in the notion that this situation is going to have a systemic domino effect."
Story at a Glance
- Category
- Indian Markets
- Reported By
- The Hindu
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Nvidia shares slumped more than 8% as trading got under way in New York but recovered to stand down more than 5% in early afternoon trading
Technology share prices clawed back last week's sharp losses on Monday (November 9, 2026), despite a plunge in Nvidia following a probe into its boss Jensen Huang over claims of an affair with an alleged Chinese spy.
Oil prices fell over 5% on hopes for diplomatic talks aimed at ending the U.S.-Iran war, before paring losses.
Chipmakers and other companies linked to the artificial intelligence boom took a hammering in the days after last Tuesday's U.S. midterm elections, which saw Democrats sweep both chambers of Congress, leading to speculation lawmakers would seek to rein in tech firms.
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The Hindu
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