Daily Pulse · · 13:15 CET · 4 min read · market · NVDA
In this edition
Pattern alerts
- NVDA ceo-review-minus-4-9-pre-market-vs-soxx-plus-0-2 BEARISH
- TSM taipei-plus-4-7-on-nvidia-news-day BULLISH
- AMD plus-3-3-pre-market-as-nvidia-falls BULLISH
Nvidia traded at 177.44 at 11:56 UTC before Monday's open, 4.9% below Friday's close of 186.64 and as low as 175.28 earlier in the session. On Sunday its chief executive Jensen Huang told staff he had had an affair with a woman US intelligence officials suspect of spying for China, and the board opened an independent review. The rest of the chip sector did not follow. The chip ETF SOXX traded 0.2% higher, AMD 3.3% and Broadcom 2.6%. In Asia, TSMC, which makes Nvidia's chips, closed 4.7% higher in Taipei, and Hon Hai, which assembles its servers, 6.5%. Nasdaq-100 futures, down as much as 1.2% overnight, were 0.4% higher by 11:46 UTC. The market is marking down one company, not the AI build-out.
Nvidia down, the supply chain up
The table puts Nvidia next to the companies that make, assemble and equip its products, and next to its US peers. Every price is the last trade we could read at midday Europe; Asian markets had closed.
Table as text
| Company | Market, time | Last close | Monday | Change |
|---|---|---|---|---|
| Nvidia | US pre-market, 11:56 UTC | 186.64 | 177.44 | −4.9% |
| Arm | US pre-market, 11:52 UTC | 174.62 | 172.76 | −1.1% |
| Micron | US pre-market, 11:56 UTC | 690.00 | 683.90 | −0.9% |
| Chip ETF SOXX | US pre-market, 11:56 UTC | 136.53 | 136.78 | +0.2% |
| Broadcom | US pre-market, 11:56 UTC | 293.69 | 301.29 | +2.6% |
| AMD | US pre-market, 11:56 UTC | 449.04 | 463.96 | +3.3% |
| TSMC | Taipei close | 2,135 | 2,235 | +4.7% |
| Hon Hai | Taipei close | 224.5 | 239.0 | +6.5% |
| Samsung Electronics | Seoul close | 188,700 | 189,900 | +0.6% |
| SK Hynix | Seoul close | 1,132,000 | 1,136,000 | +0.4% |
| ASML | Amsterdam, 11:41 UTC | 1,283.60 | 1,314.80 | +2.4% |
| Infineon | Frankfurt, 11:41 UTC | 45.76 | 47.54 | +3.9% |
Prices: Yahoo Finance and EODHD. US names against Friday's close, pre-market trading is thin. Local currencies.
Korea is the one soft spot. SK Hynix rose as much as 5.4% and Samsung 3.6% before both gave back nearly all of it, and the Kospi closed 0.8% lower. Europe is firm: by 11:42 UTC the DAX was up 1.1% and the Euro Stoxx 50 1.3%. US futures point higher too, the S&P 500 up 0.6% and the Russell 2000 up 1.3%.
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