EL7.AI
StocksMedium•10 November 2026•
1 min read

Nvidia and Microsoft Slide as Hot CPI and Fed Hawkishness Pressure Markets

Key Facts

1Nvidia shares fell 6% following reports that CEO Jensen Huang was targeted by a foreign intelligence effort.
2Microsoft shares dropped over 3% after Anthropic announced new workplace tools for its Claude AI.
3Fed Governor Christopher Waller hinted at a possible 50-basis point rate hike in December following hot CPI data.

Nvidia shares fell 6% following reports from FXEmpire that CEO Jensen Huang was targeted by a foreign intelligence effort. Simultaneously, Microsoft shares dropped over 3% after Anthropic announced new workplace tools for its Claude AI, raising competition concerns. Fed Governor Christopher Waller further pressured sentiment by hinting at a possible 50-basis point rate hike in December following hotter-than-expected CPI data.

NVDA was trading at $166.9 on November 10, 2026, hitting a session low of $166.52, while MSFT was trading at $543 on the same date. This downward pressure coincided with the release of October inflation data, which showed the monthly CPI rising 0.4% on November 10, 2026, exceeding the 0.3% forecast. Among peers, Apple was trading at $348.39 and Meta was trading at $640.72 on November 10, 2026.

Market participants are looking ahead to the US Jobless Claims 4-Week Average due on November 12, 2026, with a forecast of 192.5k. Additionally, the Producer Price Index (PPI) is scheduled for release on November 13, 2026, which will provide further clarity on inflationary trends.

Open on chart