Nasdaq Rebound Holds Even as Nvidia Slides Almost 5%

The Nasdaq rebound added almost 4% over two sessions after a 5.5% drop, as AI optimism returned and chip stocks posted their best day since July. Fiona Cincotta, StoneX Senior Market Analyst, explains why the index recovered even as Nvidia slid and Federal Reserve rate hike bets climbed. Investors spent the days after the U.S. midterm elections weighing the risk that a Democratic-controlled Congress could slow the AI data center and infrastructure build-out, yet the Nasdaq ended those four sessions flat. Nvidia shares fell almost 5% after the company announced an independent investigation into CEO Jensen Huang, though the drop did not ripple through the wider AI trade. Federal Reserve Governor Christopher Waller said he supports a December rate hike regardless of the latest inflation data, lifting market odds of a hike to about 95%. On the charts, the Nasdaq rebounded from a support zone but remains below its 200-day moving average, with its RSI still under 50. 00:00 - Nasdaq Rebounds From 5.5% Drop 00:33 - AI Stocks Shrug Off Midterms 01:30 - Nvidia Slides on CEO Probe 01:57 - AI IPO Pricing Lands 02:46 - Waller Lifts Fed Hike Odds 03:34 - Nasdaq Stuck Below Its 200-Day Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_fiona_cincotta&utm_content=share Like and subscribe for more financial market insights. #Nasdaq #StoneX #FionaCincotta #Nvidia --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@StoneX_Official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social