# Research run 2026-11-14T06:30 UTC ## What changed - Chips closed the week lower: NVDA about -12% on the week, AMD -9%, MRVL -4.7%; META +2.9%. - S&P -0.4%, Nasdaq -0.9% Fri, but both up 2%+ on the week; 10y touched 5.17%. - H100 rent $3.10/hr, up 10% in 7 days; compute still supply-constrained. - Next: Nvidia Tue Nov 17 = Wed 9am AEDT; Anthropic prices Wed, trades Thu = Fri AEDT; BABA Thu. ## Market summary Friday Nov 13 closed mixed: S&P 500 -0.40%, Nasdaq -0.91%, Dow +0.10%, though all three still rose 2-2.5% on the week. Chips led the drop: Nvidia about -12% on the week (now under $4T after Huang's resignation and an HSBC downgrade to Hold), with AMD -9%, Broadcom -6% and SK Hynix -6%. October PPI rose 0.3% m/m (below 0.4% forecast) but 6.5% y/y, the highest since Nov 2022; the 10-year hit 5.17% intraday, its highest since October, and markets price a likely Fed hike in December. WTI crude was little changed near $88.6 after a spike earlier in the week. Next week hinges on Nvidia (Tue), Anthropic's IPO (prices Wed, trades Thu) and Alibaba (Thu), with Alibaba's open-model lead flagged as a China angle on any US chip supply squeeze. ## Holdings - AMZN: hold - Down 0.3% Friday in a soft tech tape; no new company news. - AXOS: hold - Flat, down 0.1%; cheap at 9x forward earnings, no news. - BABA: hold - Flat Friday; 12x forward earnings, no new catalyst. - ENPH: watch - Down 2.7% Friday; residential solar demand still weak, no fresh news. - FIGR: hold - Down 1.8% with risk-off tech tape; no company news. - GOOGL: hold - Down 1% as Nasdaq slipped; no new company news. - LDI: trim - Penny-stock range, up 0.3%; no forward earnings estimate, thesis unchanged. - META: hold - Up 2.9% Friday against a falling Nasdaq; 19x forward earnings. - MRVL: watch - Down 4.7% Friday after BofA cut; AI chip selloff continues. - MU: hold - Down 2.5% with chips; forward P/E 4.4 reflects peak memory pricing. - NFLX: hold - Down 0.9% Friday; no new company news. - NVDA: watch - Down 2% Friday, 12.75% for the week after CEO exit; earnings Tuesday. - OPENAI: hold - Private; no new mark beyond the round already covered. - RKT: hold - Flat Friday (0.0%); rates backdrop firmer as yields rise. - STRIPE: hold - Private; no new mark reported. - TSM: hold - Down 1.7% in chip selloff; demand outlook unchanged. ## Watchlist - ALAB:US Astera Labs - watch (medium) - PCIe/CXL retimers and switches ride AI rack scale-out; Scorpio X seen above $1B run rate by end-2026; BMO Outperform, $375. - AMD:US Advanced Micro Devices - watch (medium) - Instinct GPUs gaining as second source; Huang exit from Nvidia may open share. - AVGO:US Broadcom - accumulate (medium) - Custom AI accelerators (Google TPU, Anthropic) plus networking. - CLS:US Celestica - accumulate (high) - Builds racks and switches for custom-ASIC hyperscalers; Bernstein still Outperform. - SKHY:US SK Hynix (000660) - accumulate (high) - HBM leader; about half of next two years' memory supply already sold. - VRT:US Vertiv - accumulate (medium) - Liquid cooling and power for AI racks; raised its regular dividend Nov 13. - BE:US Bloom Energy - accumulate (medium) - On-site fuel-cell power for data centers; NTT DATA 900 MW deal; HSBC and Barclays positive. - GEV:US GE Vernova - accumulate (high) - Gas turbine backlog sold out for years; JPM says it can weather an AI capex slowdown. - HOOD:US Robinhood - watch (medium) - Platform assets $383B, 28.9M funded customers; adding prediction markets, wealth and RIAs. - MELI:US MercadoLibre - accumulate (medium) - LatAm e-commerce plus fintech; Q3 revenue $10.75B, +45% y/y; held up +1.2% on a weak tech day. - NET:US Cloudflare - accumulate (high) - Q3 revenue +39% y/y; named Leader in 2026 Gartner MQ for Edge Distribution Nov 13; SGLang consortium member. - SE:US Sea Ltd - watch (low) - Shopee, Monee and Garena in SE Asia; Q3 revenue $8.6B beat; $1B buyback. - 6861:JP Keyence - buy (high) - Factory automation sensors with very high margins; Citi Buy (¥95,000). - ASML:US ASML Holding - buy (high) - EUV monopoly; raised 2026 guidance on AI capacity build; buyback running. - TER:US Teradyne - accumulate (medium) - Moving to AI chip test; Jefferies Buy ($284) sees a $2B Nvidia opportunity. ## Bellwether changes - h100_rental: $3.06/hr, +7.4% 7d/bullish -> $3.10/hr, +10.3% 7d/bullish - b200_rental: $6.97/hr, +17.1% 7d; ratio 2.28x/bullish -> $6.87/hr, +14.3% 7d; ratio 2.22x/bullish - hopper_residual: A100 $1.60 (+5.3% 7d), H200 $3.52 (+3.8%)/bullish -> A100 $1.64 (+7.9% 7d), H200 $3.60 (+6.8%)/bullish - nvidia_dc: NVDA -3 to -4% Nov 13; AMD -10%, AVGO -6%/neutral -> NVDA down Nov 13; AMD -8.75%, AVGO -4.8% at close/neutral ## New news (1) - 2026-11-13 [negative] NVDA: Nvidia ends week down 12.75% ahead of Tuesday earnings - Nvidia fell about 2% Friday, 12.75% for the week; Tuesday's report is the first read on demand since the CEO change. <https://eurasiabusinessnews.com/2026/11/14/stock-market-today-november-13-2026-tech-stocks-fall-as-nvidia-earnings-and-anthropic-ipo-loom/> ## Notes Sat run, markets closed. Loved names not re-checked. Holding day moves from stockanalysis closes (NVDA -2.0%, differs from some recaps citing -4%). RKT 0.0% may be stale. Anthropic IPO valuation reports vary ($1.2T vs $1.33T); not headlined. Nov 25 GDP/PCE and Fed speaker slots not re-verified. SKHY/Keyence prices not refetched.
Nothing here is financial advice. Holdings and opinions are my own; the "agent" sections are written by an automated research skill and may be wrong. Built 2026-11-14 18:08 UTC.