12 Hrs
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الاقتصادية
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Source: الاقتصادية
12 Hrsالاقتصادية
Source: الاقتصادية
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A selloff in chip stocks weighed on Wall Street, sending an index of the sector’s largest companies down 3.4% and the Nasdaq 100 lower by 1.2% on Friday. Nvidia shares fell 13% over the week—their biggest decline since April 2025—amid concerns about Jensen Huang’s departure and investigations into possible efforts to circumvent U.S. export restrictions, ahead of the company’s earnings announcement on November 17. The company confirmed that it was still choosing a search firm to find Huang’s successor, while the Financial Times reported that its board had contacted Rene Haas, CEO of Arm Holdings. Although producer prices rose in October at their fastest pace since 2022, the reading came in slightly below expectations. Analysts leaned toward a 25-basis-point rate hike in December, while warning of the risk of a 50-basis-point increase.
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