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Stocks recover from Nvidia whiplash, dollar climbs with US yields

Stocks recover from Nvidia whiplash, dollar climbs with US yields

By Rae Wee SINGAPORE, Nov 13 (Reuters) - Stocks in Asia were on steadier footing on Friday after a turbulent week dominated by revelations of extramarital affairs involving Nvidia CEO Jensen Huang that culminated in his resignation, in a blow to the global AI boom he helped advance.
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Tech lifts world stocks as CoreWeave revives AI trade

Tech lifts world stocks as CoreWeave revives AI trade

By Danilo Masoni MILAN, Nov 11 (Reuters) - Technology stocks lifted world shares on Wednesday as investors looked past mounting expectations of further Federal Reserve tightening and focused on renewed optimism about artificial intelligence after strong results from cloud computing firm CoreWeave.
ReutersReuters
Stocks gain as CoreWeave reignites AI trade

Stocks gain as CoreWeave reignites AI trade

By Danilo Masoni and Stella Qiu MILAN/SYDNEY, Nov 11 (Reuters) - Stocks rose on Wednesday as investors looked past mounting expectations of further Federal Reserve interest rate rises and focused on a renewed wave of AI optimism after strong results from AI infrastructure firm CoreWeave.
AP NewsAP News
The Latest: Democrat Scott Colom wins election to US Senate from Mississippi

The Latest: Democrat Scott Colom wins election to US Senate from Mississippi

Democrat Scott Colom has won election to the U.S. Senate representing Mississippi, defeating Republican incumbent Cindy Hyde-Smith
AP NewsAP News
Jensen Huang built the company that powers AI. Now Nvidia must find a way forward without him

Jensen Huang built the company that powers AI. Now Nvidia must find a way forward without him

Nvidia CEO Jensen Huang has resigned, capping a spectacular downfall for a poster boy of the artificial intelligence boom
ReutersReuters
Stocks gain as CoreWeave eases worries; dollar strengthens

Stocks gain as CoreWeave eases worries; dollar strengthens

By Caroline Valetkevitch and Danilo Masoni NEW YORK/MILAN, Nov 11 (Reuters) - Major stock indexes rose on Wednesday, led by gains in technology shares after an upbeat report from CoreWeave lifted optimism about the AI trade, and the dollar strengthened amid expectations for further Federal Reserve
ReutersReuters
Trading Day: Weathering the Nvidia storm

Trading Day: Weathering the Nvidia storm

By Jamie McGeever ORLANDO, Florida, Nov 12 (Reuters) - US stocks fell on Thursday, as investors digested the dramatic developments at AI giant Nvidia, where CEO Jensen Huang resigned in the wake of multiple reported extramarital affairs, one of which was with an alleged Chinese spy.
ReutersReuters
Morning Bid: Anthropic IPO: Please try again

Morning Bid: Anthropic IPO: Please try again

Nov 10 (Reuters) - A look at the day ahead in European and global markets from Ankur Banerjee A drop in oil prices has helped perk up risk appetite, sending stocks higher as investors shrug off the controversy around AI bellwether Nvidia and its CEO Jensen Huang, although a botched IPO filing from
ReutersReuters
European stocks hit record high after Nvidia storm rattles Asia

European stocks hit record high after Nvidia storm rattles Asia

By Marc Jones and Gregor Stuart Hunter LONDON/SINGAPORE, Nov 12 (Reuters) - Fresh turbulence hit global stocks on Thursday as a spy scandal threatened to oust chip giant Nvidia’s CEO, while US Treasury yields touched 5% again and the dollar reached a 19-month high on firming US rate rise bets.
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US Senate Banking Committee chair calls on Jensen Huang, Lutnick to testify

US Senate Banking Committee chair calls on Jensen Huang, Lutnick to testify

By David Shepardson WASHINGTON, Nov 12 - US Senate Banking Committee Chairman Tim Scott sent letters on Thursday to Commerce Secretary Howard Lutnick and Nvidia's former CEO Jensen Huang asking them to testify over recent developments at the company.
ReutersReuters
Bonds reel as hot inflation fuels jumbo Fed hike fears

Bonds reel as hot inflation fuels jumbo Fed hike fears

By Stella Qiu SYDNEY, Nov 11 (Reuters) - Global bonds tumbled and the dollar stayed firm after a hot US inflation print and hawkish central bank rhetoric raised the risk of an outsized half-point rate hike from the Federal Reserve next month, though stocks remained resilient.
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Lutnick stalled Trump crackdown on diversion of Nvidia chips to China, Axios reports

Lutnick stalled Trump crackdown on diversion of Nvidia chips to China, Axios reports

WASHINGTON, Nov 11 (Reuters) - US Commerce Secretary Howard Lutnick stalled President Donald Trump's crackdown on companies suspected of diverting Nvidia's chips to China, Axios reported on Wednesday, citing high-level sources.