Stocks rally even as Nvidia falls, oil drops

What happened

Major US stock indexes rose more than 2% on Monday, despite Nvidia shares falling more than 5% after news of an internal investigation into whether CEO Jensen Huang had been targeted by a foreign intelligence effort. Oil prices extended recent losses after President Trump said he was unlikely to order fresh attacks on Iran while talks continued.

Confirmed

Global impact / market context

The divergence shows that broad share gains did not depend on Nvidia rising, while concern about the chief executive’s future weighed on the chipmaker. Lower oil prices could ease fuel costs for businesses, but the article links the decline to uncertain progress in talks and reports of shipping hits near the Strait of Hormuz.

Analyst inference

Technology shares rebounded after last week’s selloff, which the article tied to US midterm elections and worries about greater AI and data center regulation. That rebound may be tested by upcoming earnings from CoreWeave, Applied Materials and Cisco, which are expected to put AI profitability in focus.

Analyst inference

What to watch

1. Watch for updates on Nvidia’s internal investigation and any implications for Jensen Huang’s leadership, since uncertainty about the CEO’s future was cited alongside the share decline. Analyst inference
2. Watch this week’s earnings reports from CoreWeave, Applied Materials and Cisco Systems; the article says they are set to put the profitability of AI in focus. Confirmed
3. Watch whether US-Iran talks progress and whether shipping near the Strait of Hormuz is disrupted, because either development could change expectations for oil supply and prices. Analyst inference

Evidence

• Original source link unavailable