Nvidia’s Huang Resigns as AI Rebound Faces Leadership Shock, Oil and Yields Rise
Global market sentiment came under pressure on Thursday as Nvidia CEO Jensen Huang’s resignation delivered a major shock to the AI industry, while rising oil prices and government bond yields added to concerns over the broader investment environment. Nasdaq-100 futures fell more than 1% ahead of the US session, threatening to interrupt the technology-led rebound earlier this week.
Gold Could Retest 3,870. Why Might the Breakdown Have to Wait?
Gold's failed rebound favors a retest of the early-November low near 3,870, but a decisive breakdown may have to wait. Hawkish Fed repricing has already done much of its work, leaving little room for another big shift in rate expectations before the December 4 payrolls unless a fresh catalyst arrives.
AI Stocks Rebound on CoreWeave, Dollar Rallies on Fed: Can Both Moves Last?
Global markets are showing two distinct signs of recovery as strong results from CoreWeave revive confidence in AI-related equities, while hawkish Fed expectations continue to support Dollar’s rally. The two moves respond to different developments, so they can coexist, but higher yields could eventually weigh on technology valuations and AI financing. Nasdaq 26,000 and DXY 103 are the two benchmarks for whether each move can last.
Ethereum Is Just Above 2,000. Could a Breakdown Drag Bitcoin to 69,000 and Below?
Ethereum is testing a key Fibonacci support at 2,000, and a decisive break could be an early warning that selling is spreading across crypto. Bitcoin has held up better, but a breakdown in Ethereum would put its own 69,000 area at risk, with hawkish Fed repricing adding to an already fragile market.
