Nvidia plunges but tech shares rebound, oil prices slump

LONDON Technology share prices clawed back last week's sharp losses on Monday (November 9, 2026), despite a plunge in Nvidia following a probe into its boss Jensen Huang over claims of an affair with an alleged Chinese spy. Oil prices fell over 5% on hopes for diplomatic talks aimed at ending the U.S.-Iran war, before paring losses. Chipmakers and other companies linked to the artificial intelligence boom took a hammering in the days after last Tuesday’s U.S.

midterm elections, which saw Democrats sweep both chambers of Congress, leading to speculation lawmakers would seek to rein in tech firms. But Wall Street on Monday (November 9, 2026) rebounded, with the tech-heavy Nasdaq climbing more than 2%. Briefing.com analyst Patrick O'Hare said the rebound in equities was due to more than just the drop in oil prices.

"What we also have this morning is an inclination to buy into last week's weakness, and specifically into the large losses seen in the AI trade," he said in a note to clients.