U.S. Tech Stocks Rally as Nvidia Recovers from Scandal

U.S. stock markets closed higher on Wednesday, November 11, 2026, reversing Tuesday's losses. The NASDAQ Composite led the rally with a 1.60% gain, followed by the S&P 500 and the Dow Jones Industrial Average. This rebound was driven by a recovery in Nvidia shares, strong third-quarter revenues from CoreWeave, and high demand for an IPO from Anthropic, which filed for a valuation of approximately $1.3 trillion.

The volatility followed a Tuesday decline where the S&P 500, Dow, and Nasdaq fell as Treasury yields spiked. Investors feared the Federal Reserve System might implement a half-per cent interest rate hike in December due to higher-than-expected October inflation data. Nvidia specifically faced pressure as its board investigated CEO Jensen Huang for an affair with a purported Chinese spy, an event President Donald Trump noted is under FBI investigation.

Global markets showed mixed reactions throughout the period. Asian markets, particularly in Taiwan and South Korea, rose strongly on Wednesday due to AI chip demand. Taiwan Semiconductor Manufacturing Co. reported October revenue nearly six times higher than the previous year and approved $1 billion in investments for OpenAI and Anthropic. Meanwhile, the U.S. dollar strengthened against major currencies as traders anticipated persistent inflation. In separate geopolitical news, Donald Trump declared that the war in Iran is "militarily is effectively over," which caused fluctuations in global oil prices.