Last updated: 21:20 12 Nov 2026 GMT, First published: 11:37 12 Nov 2026 GMT
4:20pm: More Nvidia drama
US stocks ended lower on Thursday, with all three major indexes shedding 0.4% as weakness in Nvidia weighed on sentiment, although gains elsewhere in the semiconductor sector and strength in energy stocks helped limit the losses.
The Dow Jones Industrial Average fell 189 points, or 0.4%, to 52,297, while the S&P 500 lost 27 points to 7,592. The Nasdaq Composite slipped 100 points, or 0.4%, to 25,366.
Nvidia shares closed down 4.3%, adding to pressure on the technology-heavy Nasdaq. The decline came as Reuters reported that former Nvidia CEO Jensen Huang had a romantic relationship with another employee at the chipmaker, citing two people familiar with the matter.
However, weakness was not widespread across the chip sector, with gains among other semiconductor companies helping cushion the broader market. Rising oil prices also supported energy stocks, providing another source of resilience.
Tesla shares edged 1% higher after Bloomberg reported that the electric vehicle maker and Elon Musk-led SpaceX are making progress on merger discussions.
Advisers for both companies are discussing potential deal terms, according to the report. An announcement could come as early as December, although the discussions could extend into 2027.
The prospect of combining the two Musk-led businesses adds another development for investors to watch, even as the broader market continues to navigate shifting sentiment around technology stocks and the wider economy.
3:40pm: Small cap wrap
- Century Lithium Corp. (TSX-V:LCE, OTCQX:CYDVF) has received a Water Pollution Control Permit from Nevada regulators, clearing a key step towards rebuilding and upgrading its Tonopah Airport lithium processing demonstration facility.
- Liberty Star Uranium & Metals Corp. (OTCQB:LBSR) said Mt. Baker Mining founder Jason Gaber plans to process gold-bearing rock from its Red Rock Canyon project in Arizona in an effort to produce the property's first gold bar.
- New Era Energy & Digital (NASDAQ:NUAI) has secured up to 207 MW of power under a 20-year agreement with a Vistra affiliate for the first phase of its Texas Critical Data Centers project.
- Ideal Power Inc (NASDAQ:IPWR) said its sales funnel has grown to approximately $450 million as customer engagement increases for its B-TRAN bidirectional power switch.
- Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) has raised $2.085 million through the first tranche of its LIFE offering, with a further closing expected to bring total proceeds to $3 million.
- M2i Global Inc (OTC:MTWO) has signed a definitive agreement to acquire Graphex Group's US graphite anode assets, including an exclusive licence to 30 patents covering natural graphite anode production in North America.
- Phunware Inc (NASDAQ:PHUN) has listed its Interactive Maps and Wayfinding and Patient Digital Front Door healthcare products on Epic's marketplace for connected applications.
- Renforth Resources Inc (CSE:RFR, OTCQB:RFHRF) has completed another round of channel sampling at its Parbec gold deposit in Quebec as work on an updated mineral resource estimate approaches completion.
- Virtuix Holdings Inc (NASDAQ:VTIX) has signed a letter of intent to acquire defense contractor STS International for a base consideration of $12 million, establishing a proposed foothold in the US defense market.
- Bit Digital Inc (NASDAQ:BTBT) returned to positive GAAP earnings in the third quarter, reporting net income of $28.5 million compared with a $107.2 million loss in the previous quarter, supported by higher colocation revenue and digital asset gains.
- BioHarvest Sciences Inc (NASDAQ:BHST) reported third-quarter revenue of US$7.9 million and signed its first manufacturing and supply agreement, a 20-ton plant-based fragrance deal expected to generate US$20 million to US$30 million in revenue over 2027 and 2028.
- Meren Energy Inc (TSX:MER, STO:MER, OTCQX:MRNFF) said the restructuring of investee Impact Oil & Gas is complete, leaving the business focused on its Namibian exploration and development assets, including the Venus oil discovery.
2:30pm: Market movers
- Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) shares plunged 11% after co-founder Jensen Huang resigned as chief executive with immediate effect, ending his 33-year leadership, with CFO Colette Kress appointed interim CEO while the board searches for a permanent successor.
- Intuitive Machines Inc (NASDAQ:LUNR) shares rose 14% after the space technology company reported record third-quarter revenue of $269.35 million and a smaller-than-expected loss.
- Advanced Micro Devices Inc (NASDAQ:AMD, XETRA:AMD) and Broadcom Inc (NASDAQ:AVGO, XETRA:1YD) (Broadcom Inc (NASDAQ:AVGO, XETRA:1YD)) shares rose 7% and 6%, respectively, following the surprise resignation of Nvidia CEO Jensen Huang.
- Century Lithium Corp. (TSX-V:LCE, OTCQX:CYDVF) has received a Water Pollution Control Permit from Nevada regulators, clearing a key hurdle for rebuilding and upgrading its Tonopah Airport lithium processing demonstration facility.
- Alibaba Group (NYSE:BABA) shares fell 7% as reports of tighter US restrictions on Chinese firms' access to advanced AI chips heightened concerns about its cloud computing ambitions.
- New Era Energy & Digital (NASDAQ:NUAI) has secured up to 207 MW of power under a 20-year agreement with a Vistra affiliate for the first phase of its Texas Critical Data Centers project.
- Ideal Power Inc (NASDAQ:IPWR) said its sales funnel has expanded to approximately $450 million as customer engagement grows for its B-TRAN bidirectional power switch.
- Digi International (NASDAQ:DGII) shares fell 15% despite beating quarterly earnings and revenue expectations, as its fiscal 2027 revenue growth forecast pointed to a slowdown from the previous year.
- Corteva Inc (NYSE:CTVA) (Corteva Inc (NYSE:CTVA)) shares plunged 23% after the agricultural chemicals group missed third-quarter earnings and revenue expectations and lowered its full-year 2026 guidance.
1:30pm: AMD gains from Nvidia's loss
Advanced Material Development (Unlisted (UK):AMDEV) shares rose 7% to $589.17 and Broadcom Inc (NASDAQ:AVGO, XETRA:1YD) (Broadcom Inc (NASDAQ:AVGO, XETRA:1YD), Broadcom Inc (NASDAQ:AVGO, XETRA:1YD)) gained 6% to $365.92 after Jensen Huang abruptly resigned as chief executive of Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) (Nvidia Corp (NASDAQ:NVDA, XETRA:NVD), Nvidia Corp (NASDAQ:NVDA, XETRA:NVD)), the artificial intelligence chipmaker.
Kathleen Brooks, research director at XTB, said AMD could benefit if the controversy resulted in tighter export restrictions on Nvidia.
She argued that additional regulatory constraints could limit Nvidia's future innovation and redirect demand towards competing chipmakers.
Wedbush also identified AMD as the clearest potential beneficiary of any prolonged disruption at Nvidia, citing its Instinct platform as the closest comparable alternative currently available.
12:10pm: FTSE closes higher
The FTSE staged a rebound before the closing bell, advancing by 0.3% to finish at 10,863 points. Burberry led the risers, climbing around 9% after returning to profit, while Rolls-Royce gained on news of a £1.5 billion share buyback.
Meanwhile, Wall Street rebounded from early weakness. The Dow was up 0.4%, while the S&P 500 and Nasdaq Composite were both approximately 0.3% higher.
Nvidia remained under pressure, down 4.8% despite recovering from steeper early losses, with investors watching for further fallout from the US technology sell-off.
11:00am: Nvidia shares regain some ground
Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) (Nvidia Corp (NASDAQ:NVDA, XETRA:NVD), Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) shares plunged nearly 12% at the open but recovered slightly in morning trading after co-founder Jensen Huang resigned as chief executive with immediate effect.
As of 11am, shares were trading around 5% lower.
The immediate question for investors is whether the US chipmaker can sustain its growth trajectory without the executive who became the public face of the artificial intelligence boom.
Kathleen Brooks, research director at XTB, previously warned that the abrupt nature of the scandal and the absence of a permanent successor made the situation difficult for investors to assess.
She argued that corporate governance problems were difficult to price and could discourage bargain hunters, despite Nvidia’s relatively low forward valuation.
Ipek Ozkardeskaya, senior analyst at Swissquote, sees potential value in the sell-off but stressed that Nvidia’s valuation depends heavily on ambitious earnings forecasts being delivered.
At $159 per share, the stock traded at approximately 17 times expected earnings for the financial year ending January 2027 and 10 times forecasts for the following year.
That valuation assumes earnings growth of around 71% in the following financial year, against expected growth of approximately 95% in the current period.
10:00 am ET: US stocks open low
Wall Street's main indexes opened lower on Thursday after Nvidia said chief executive Jensen Huang was stepping down, dealing a blow to confidence in the artificial intelligence (AI) industry.
The Nasdaq Composite fell 374.1p, or 1.47%, to 25,092.109, leading losses as investors reassessed the outlook for technology and AI stocks.
The Dow Jones Industrial Average fell 58.5p, or 0.11%, to 52,427.94 at the open, while the S&P 500 dropped 68.5p, or 0.90%, to 7,550.84.
In the first few minutes after opening bell, Nvidia shares sank 6.86% to $161.82, extending losses as investors reacted to the reported departure of chief executive Jensen Huang.
Selling pressure seems to be spreading beyond Nvidia to companies exposed to AI computing, infrastructure and chip demand.
CoreWeave dropped 7.42% to $56.26, indicating growing pressure on AI infrastructure stocks amid concerns about the sector's outlook.
Micron Technology declined 2% to $795.07, adding to weakness across semiconductor stocks.
Paysafe shares plunged 37% to $4.30, extending losses after the digital payments group reported disappointing third-quarter results and cut its financial outlook.
The FTSE 100 continued to recover ground, rising 11.50p, or 0.11%, to 10,846.97, as London’s blue-chip shares remain in positive territory at about 2:45 pm GMT.
The FTSE 250, though, was still under pressure, falling 48.29p, or 0.19%, to 24,876.75.
Large-cap stocks were proving more resilient than mid-cap shares, with the FTSE 100 holding its gains despite continued weakness across the broader domestic market.
9:15 am ET: Board announces Huang's departure
The Nvidia board has announced that Jensen Huang has resigned as President, Chief Executive Officer, and a member of the Board, effective immediately. Chief financial officer Colette Kress has been appointed interim CEO.
Nasdaq 100 December futures have fallen 362.75p, or 1.27%, to 28,110.50.
The decline reflects investor concern about Nvidia's leadership transition and the uncertainty surrounding the future direction of the AI chipmaker.
The FTSE 100 has recovered lost ground after briefly slipping into negative territory, showing renewed buying interest in London’s blue-chip shares. It was up 9.93p, or 0.09%, to 10,845.40 at about 2:15 pm GMT.
9:00 am ET: Best of the brokers
B&M European Value Retail (LSE: BME): Peel Hunt: 'buy', 300p target - Shares surged as much as 20% after first-half sales, margins and profit beat expectations. UK Q2 like-for-like sales rose 3.2%, ahead of consensus despite broadly flat FMCG sales.
Persimmon (LSE: PSN): Panmure Liberum: 'buy', 1,694p target - Upgraded on stronger sales performance, pricing and execution, with net private sales per site per week rising to 0.79 from 0.76 a year earlier.
Persimmon (LSE: PSN): Jefferies: 'buy', 1,590p target - Positive on growth opportunities from the land pipeline and around 100 planned outlet openings in 2027, supporting future volume growth.
Persimmon (LSE: PSN): Peel Hunt: 'buy', 1,420p target - Backed by improving sales rates, a stronger order book and expected benefits from the Your First Home scheme, though inflation and financing costs could trim 2027 profit forecasts by less than 2%.
BAE Systems (LSE: BA.): Jefferies: 'hold', 2,100p target - Maintained following an upgrade to 2026 free cash flow guidance to c.£3bn, well ahead of consensus expectations of roughly £2.3bn, driven by customer advances.
Rolls-Royce Holdings (LSE: RR.): Jefferies: 'buy', 2,000p target - Shares rose as much as 4% after the broker highlighted strong trading momentum and accelerating shareholder returns, with significant upside implied by its target price.
At Wall Street, Paysafe shares plunged 28% in pre-market trading on Thursday after the payments company reported weaker-than-expected third-quarter earnings and revenue, hit by higher interest costs and unfavourable foreign exchange movements. The company also cut its full-year financial guidance.
FTSE 100 and FTSE 250 gave up the session's momentum after investors turned cautious.
The FTSE 100 has surrendered its earlier gains, falling 9.28p, or 0.09%, to 10,826.19 at about 1:55 pm GMT.
The FTSE 250 is also down, falling 0.34% to 24,841.51, after earlier losses among mid-cap stocks.
In mid-caps, Dr Martens is the biggest faller, plunging 16.09% to 53.2p.
Volex has dropped 7.23% to 526p, while WH Smith is down 5.67% to 403p.
Hochschild Mining has fallen 4.92% to 448.8p, while Seraphim Space Investment Trust has lost 4.58% to 73p.
Other notable fallers include Pan African Resources, down 3.98%, Wizz Air, down 3.84%, and Fidelity Emerging Markets, down 3.77%.
Meridian Mining and Premier Foods (LSE:PFD) are also lower, falling 3.67% and 3.55% respectively.
8:00 am ET: Wall Street: Selling pressure may go beyond tech
The US stock futures at this hour indicate a technology-led pullback ahead of the Wall Street open, reversing some of Wednesday's strong AI-driven rally.
S&P 500 E-minis: Fell 0.41%, or 31.25p, to 7,609.25.
Nasdaq 100 E-minis: Dropped 0.90%, or 256.50p, to 28,216.75.
Dow E-minis: Edged up 0.06%, or 34p, to 52,612.
Russell 2000 E-minis: Declined 0.13%, or 3.70p, to 2,850.
Nasdaq futures recorded the steepest decline, reflecting concerns over Nvidia chief executive Jensen Huang's future and the potential impact on the AI sector.
The S&P 500 fall indicates that selling pressure extended beyond technology stocks.
Nvidia's 7.67% decline in pre-market trade was accompanied by losses in CoreWeave, Applied Optoelectronics and Super Micro Computer, suggesting that concerns were spreading across the AI infrastructure ecosystem.
CoreWeave had surged on Wednesday after strong results and an improved financial outlook, but its shares were down 5.86%.
Darling Ingredients, Figure Technology and Tetra Tech (NASDAQ:TTEK) led the gainers, indicating that buying interest was shifting towards selected companies outside the AI trade.
Brent crude futures for January 2027 fell 0.63% to $92.18 a barrel as hopes of diplomatic progress in the Middle East and rising oil production offset concerns over continued disruption to shipping through the Strait of Hormuz.
Gold prices extended their decline on Thursday, falling 1.29%, or $51.41, to $3,941.35 an ounce, as a stronger US dollar and expectations of further Federal Reserve interest-rate increases weighed on bullion.
The metal fell for a third consecutive session, with hotter-than-expected US inflation and hawkish comments from Fed officials strengthening bets on a December rate rise. Higher interest rates reduce the appeal of non-yielding gold, reports Reuters.
The US dollar (USD) is hovering near a 19-month high on Thursday, supported by stronger-than-expected inflation data and growing expectations of further interest-rate increases.
The dollar index held around 102.80 after touching 102.88, while the euro weakened towards $1.1085 and sterling traded near $1.328.
Reuters reported earlier in the session, the USD had touched 103.08 - the highest since April 2025.
London stocks remained higher on Thursday afternoon, with both the FTSE 100 and FTSE 250 extending gains, although the blue-chip index outperformed the mid-cap benchmark.
At 12:49 pm GMT, the FTSE 100 was up 27.82p, or 0.26%, to 10,863.29.
FTSE 250 has gained 42.03p, or 0.17%, to 24,967.07.
12 noon GMT: London blue chips going from strength to strength
The FTSE 100 moved closer to its record high on Thursday noon. The blue chip index rose 0.36% to 10,874.15 at about 11:38 am GMT following a key GDP report that met economists’ expectations and pointed to stronger economic momentum.
The UK Office for National Statistics (ONS) reported that GDP grew 0.7% in the third quarter of 2026 from the previous three months, its strongest expansion in about two and a half years, as AI-related investment boosted services, particularly computer programming.
The stronger figures supported the Bank of England's recent decision to raise its growth forecast for 2026 to 1.6%, although elevated energy prices and borrowing costs continued to weigh on consumers, with retail sales falling in September.
European stocks traded higher on Thursday, with the Euro Stoxx 50 rising 0.3% to 6,415p and the broader Stoxx 600 reaching a record high of 665p, supported by strong third-quarter earnings and easing energy prices.
Rolls-Royce shares jumped 2.76% to 1,379p after the engineering group announced an accelerated £1.5 billion interim share buyback, starting immediately and due to finish by 23 February 2027, ahead of its full-year results.
Rolls-Royce will buy back the shares as part of a wider programme of up to £9 billion through 2028, citing strong demand and confidence in sustained free cash flow growth.
Reckitt has completed the sale of its Russia Hygiene business to Arnest Management LLC after receiving all required regulatory approvals, following the agreement announced in July 2026.
Nasdaq 100 futures led Wall Street lower on Thursday as Nvidia shares plunged in pre-market trading amid reports that the company's board was considering replacing chief executive Jensen Huang, weighing on sentiment towards AI-linked stocks.
Nvidia fell 6% following reports of two extramarital affairs involving Huang, prompting investor concerns about the potential implications for the chipmaker's leadership and its central role in the AI boom.
11:00 am GMT: Small-cap round up
Buccaneer Energy Plc (AIM:BUCE) (AIM: BUCE, FRA: LMU1) has secured £510,000 in funding commitments to support the restoration of full production at its Pine Mills oilfield ahead of a bank valuation in December.
Strategic Minerals PLC (AIM:SML) (AIM: SML) has added six holes, covering a total of 3,880 metres, to its drilling programme at Redmoor in Cornwall to bring forward tests of the potential recovery of tungsten, copper, tin and silver from the ore.
Dr Martens PLC (LSE:DOCS) (LSE: DOCS), the British footwear brand, warned of a wide range of possible full-year outcomes after boot revenue fell 20% in the first half amid an exceptionally hot summer.
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) (AIM: CMCL, NYSE-A: CMCL, VFEX: CMCL) said gold production at its Blanket mine in Zimbabwe had returned to normal after disruption in the third quarter.
Higher gold prices boosted revenue despite lower sales volumes, but a US$12.9 million non-cash loss on derivatives helped drive profit after tax down 39% to US$11.3 million.
European stock markets were broadly higher on Thursday morning, with Germany's DAX leading regional gains, while the FTSE 100 advanced more modestly.
At about 10:49 am GMT, the FTSE 100 was up 33p, or 0.31%, at 10,868.75.
DAX had gained 249p, or 0.93%, to 26,912.02, outperforming other major indices.
CAC 40 advanced 64p, or 0.77%, to 8,396.86.
Stoxx 600 climbed 3p, or 0.46%, to 666.10.
10.00 am GMT: Burberry leads FTSE 100
The FTSE 100 remained modestly higher at around 10,860, with Burberry the standout performer as the morning session progressed.
Burberry shares were up around 7% after its first-half results provided further evidence that the luxury group’s turnaround strategy is gaining traction.
Comparable retail sales increased 4%, marking a fifth consecutive quarter of growth, while adjusted operating profit jumped to £62 million from £19 million a year earlier.
Adjusted operating margin widened to 5.7%, helped by stronger sales, tighter cost control and improved store productivity.
Outerwear delivered double-digit growth, leather goods strengthened and e-commerce sales rose by a mid-teens percentage, while wholesale revenue increased 17%.
The performance helped offset a mixed wider session as investors continued to digest the latest UK growth figures.
9.00 am GMT: Footsie holds gains
The FTSE 100 was 0.3% higher at 10,864, with the early rally settling into a more stock-specific session after investors absorbed the latest UK growth figures.
Burberry extended its advance to around 7% as investors welcomed stronger first-half sales and a sharp recovery in profitability, while Rolls-Royce added 2.7% after accelerating its share buyback programme.
The FTSE 250 was almost flat at 24,927, masking sharp moves beneath the surface.
B&M European Value Retail surged almost 17% after better-than-expected first-half trading, while Metro Bank gained 5% after launching a formal sale process.
At the other end, Dr Martens plunged 14%, WH Smith dropped 8% and Volex fell 7%, leaving mid-cap performance increasingly divided by company-specific results.
8.15 am GMT: London off to a strong start
The FTSE 100 was 0.2% higher at 10,861 as investors digested stronger UK growth figures, with the economy expanding 0.7% in the third quarter, up from 0.5% in the previous three months.
Burberry led the blue-chip risers, jumping 6.1% after reporting stronger first-half sales and profitability, while Persimmon gained 3.9% and Barratt Redrow rose 1.8%.
Rolls-Royce added 2.4% after accelerating its share buyback programme with a new £1.5 billion repurchase plan, while 3i Group gained 3%.
At the other end, Endeavour Mining fell 9.6%, with Fresnillo down 3.4%, while Polar Capital Technology Trust and ICG also moved lower.
Miners were lower as weaker gold and copper prices, a stronger US dollar and higher US yields pressured the sector, while Endeavour Mining was additionally hit by disruption at its Mana mine.
7:00 am GMT: Footsie set to rise
The FTSE 100 is set for a positive start on Thursday, with futures around 0.7% higher at 10,916 after the index closed 0.8% higher at 10,835 on Wednesday.
Wall Street rallied as investors returned to AI stocks, with the S&P 500 gaining 1.3%, Nasdaq 1.6% and Dow 0.5%.
Asia was mixed, with Japan’s Nikkei and South Korea’s KOSPI edging higher while Hong Kong fell around 0.8%.
Australia’s ASX 200 slipped around 0.4% to 9,114.
Brent crude eased below US$92 a barrel and gold traded around US$3,985 an ounce.
Bitcoin is holding near US$74,000 after another volatile session, with the market absorbing fresh ETF outflows and MSCI’s decision to remove major Bitcoin treasury company Strategy from its global equity indexes.
UK third-quarter GDP, industrial and manufacturing production figures are the immediate focus, alongside results from United Utilities, Wise, Wizz Air and Volex.