AMD is back in the spotlight. After a sharp sell-off across AI and semiconductor stocks, Advanced Micro Devices (NASDAQ: AMD) has staged a powerful rebound, raising a question for investors: Is this simply a technical recovery, or the beginning of a broader rotation in the AI chip market? AMD's rebound from its recent low has been particularly impressive. But the distinction between a five-day return and a low-to-close recovery matters when assessing the strength of the move.
The revelation follows an earlier controversy involving Huang's relationship with a businesswoman reportedly under scrutiny over suspected ties to Chinese intelligence. Nvidia's board has already launched an independent investigation into the matter.
The latest data show divergent positioning across markets. Nasdaq 100 put open interest is growing faster in nearby expiries. WTI’s December options show growth in both calls and puts, while gold’s call additions are concentrated in longer-dated contracts. Adjustments across strikes and expiration months define this update.
$NVIDIA(NVDA)$ Stock Performance: During regular trading on November 11, NVIDIA (NVDA) rose 2.87%, closing at $173.73. However, after reports of a potential leadership shake-up emerged, the stock plunged 8.61% in after-hours trading to $158.78.
According to recent ETF flow data, semiconductor funds saw approximately $5.17 billion in outflows, while $Invesco QQQ(QQQ)$ and $iShares Core S&P 500 ETF(IVV)$ attracted a combined $4.58 billion. Fixed-income ETFs also drew nearly $1.8 billion.
$Taiwan Semiconductor Manufacturing(TSM)$reported October revenue of NT$586.89 billion on the same day, up 14.7 per cent month on month and 59.7 per cent year on year. That provides actual revenue evidence for foundry demand, but one month's figures cannot establish AI-related profitability. The companies face different tests: Nvidia needs to resolve governance concerns, while TSMC must show that growth can keep translating into profit.
Nebius reports in the US pre-market on 12 November. The calendar shows expected revenue of approximately $930 million and a loss of $0.70 a share. CoreWeave's results suggest looking beyond contract size to available computing capacity, project delivery, cash consumption and subsequent revenue guidance. A peer's growth offers a comparison, not proof of Nebius's operating performance.
The presence of three power-related companies suggests that investors continue to recognize electricity supply as a critical constraint on AI expansion.
U.S. stocks rebounded on November 9, with QQQ up 3.54% and the S&P 500 up 2.35%. After a stronger-than-expected October jobs report, the next inflation reading was shaping up as a test for the rebound and for tech valuations.
Tesla's decision to extend Cybertruck production until late summer 2027 raises a bigger question for investors: Is Elon Musk prioritizing a struggling vehicle program at the expense of Tesla's AI and autonomous driving ambitions? The short answer: Limited direct impact, but potentially significant strategic implications.