The Trading Day · Wednesday, November 11, 2026

Chips — Taiwan Jumps 3.6%, SK Hynix 5.4% and Nasdaq Futures 2% Despite a Fed Hike and the Nvidia Case

Update, 15:30 UTC, one hour into US trading: the S&P 500 is up 0.9% at 7,587.05 and the Nasdaq Composite 1.3%; the chip index SOX gains 4.9%. Micron is up 10.7%, CoreWeave 21.0%, Broadcom 5.4%, AMD 4.9% and Nvidia 3.1%. The edition below was written before the open, with prices as of about 12:55 UTC.

The Morning 10

1 Chips in Asia — Taiwan +3.6% at its high, Kospi +2.6%, Nikkei +1.3%
2 Asia's AI Bellwethers — TSMC +4.8% and above its October close, SK Hynix +5.4%
3 Europe — Infineon +8.3%, Siemens Energy +9.8% on record revenue, ASML +3.4%
4 Wall Street on Tuesday — S&P 500 −0.4%, Nasdaq −0.7%, well off the lows
5 CoreWeave — revenue up 168%, outlook raised, shares +15% before the open
6 Nvidia — up 4% before the open after two days and −9.5%
7 Rates — a December hike is all but certain; the 10-year yield closed at 4.98%
8 Dollar, Gold, Oil, Bitcoin — the dollar rises again, gold steadies after −2.7%
9 AI Indices — Rubin 100 rose 1.5% on Tuesday while US chips fell; 47% of last week's loss is back
10 Today and This Week — bond holiday, four earnings-record grades, Cisco on Thursday

The full Morning 10 →

On the tape

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