Key facts
- Nvidia fell 4.5% premarket after an internal investigation into whether CEO Jensen Huang was targeted by a foreign intelligence effort.
- Daniela Hathorn of Capital.com said even speculation about leadership uncertainty could unsettle investors given Huang's central role.
- Thomas Mathews of Capital Economics wrote that the AI correction in equities could have much further to run.
- Of 335 S&P 500 companies reporting as of Thursday, 82.4% beat estimates, per LSEG Data and Analytics' Tajinder Dhillon.
- Microsoft, Alphabet and Meta were each up less than 1% premarket, which the report said suggested hesitant positioning.
US stock index futures pointed higher early on Monday, November 9, 2026, as investors hunted for bargains after a steep slide in equities the previous week, Reuters reported. At 5:10 a.m. ET, Dow E-minis were up 376 points, or 0.73%, S&P 500 E-minis rose 29.75 points, or 0.40%, and Nasdaq 100 E-minis added 56.5 points, or 0.21%.
Nvidia shares fell 4.5% premarket after an internal investigation into whether CEO Jensen Huang had been targeted by a foreign intelligence effort raised questions about his future at the AI chipmaker. "Given Huang's central role in Nvidia's success and the wider AI investment narrative, even speculation about leadership uncertainty could unsettle investors," said Daniela Hathorn, senior market analyst at Capital.com.
Naeem Aslam, chief investment officer at Zaye Capital Markets, said the modest gains in Nasdaq futures compared with the stronger advance in Dow futures suggested investors remained selective. Chipmakers were subdued premarket, with Intel, Marvell Technology and Qualcomm down between 0.50% and 1.21%. The Philadelphia Semiconductor Index ended Friday, November 6, 2026, with its biggest weekly loss since March 2025.
"The AI correction in equities could have much further to run," wrote Thomas Mathews, head of markets for Asia Pacific at Capital Economics, adding that a concrete sign the hyperscalers were paring back capital expenditures would be a further risk. Microsoft, Alphabet and Meta were up less than 1% each.
Earnings were due on Monday from KKR, up 3.7% ahead of the results, and Constellation Energy, which was flat. Of the 335 companies in the S&P 500 that had reported as of Thursday, 82.4% beat estimates, according to Tajinder Dhillon, head of earnings and equity research at LSEG Data and Analytics.