By Mike Dolan
Publication Date: 2025-11-17 11:45:00
Nov 17 – What matters in U.S. and global markets today
By Mike Dolan, Editor-at-Large, Finance and Markets
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Wall Street looks set to firm up on Monday after last week’s tech sector wobble, with Nvidia earnings due on Wednesday and official U.S. government data returning against doused Federal Reserve easing speculation.
Awaiting results from chip giant Nvidia, the world’s most valuable company, market jitters over stretched valuations of AI-related stocks seem to have calmed.
After Friday’s sharp intraday bounce, Nasdaq futures are up about 0.6% ahead of today’s bell. However, digital token Bitcoin, which has been behaving in line with tech stock sentiment of late, continued to fall over the weekend and hit its lowest since April – nursing its largest weekly fall since March and down 26% from last month’s peak at its low.
Reports of widespread hedging of AI equity positions by buying credit default swaps in indebted tech names such as Oracle and CoreWeave have drawn attention to emerging leverage in the tech boom and nervousness among equity bulls.
Chip stocks got a lift in Asia earlier, however, as South Korea’s Samsung and SK Hynix both jumped after reports Samsung Electronics had raised prices of certain memory chips – now in short supply due to the global race to build AI data centres – by as much as 60% compared to September.
The macro fixation of the week will be the return of U.S. economic data, with September’s payrolls report on Thursday…
