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2026-11-11

Tech leads broad rally as AI hardware names rebound sharply

Stock Heatmap
Size = market cap (square-root scaled within sectors) · Color = day's change · Click a sector name to zoom, a tile to open the stock
Zoom into Information TechnologyInformation TechnologyAAPL+2.0%MSFT-2.3%NVDA+2.9%AVGO+4.0%AMD+7.3%MU+11.9%PLTR+2.1%CSCO+2.7%ORCL+8.8%INTC+7.5%TXN+3.1%AMAT+6.0%LRCX+6.1%PANW+2.5%ANET+6.3%IBM+1.5%CRWD+1.5%DELL+11.8%KLAC+5.2%ADI+4.0%APH-0.8%SHOP+1.8%QCOM+1.8%CRM+2.1%ACN-1.9%WDC+8.3%MRVL+9.3%SNDK+13.7%STX+10.0%NOW+3.2%GLWADBEFTNTINTUCDNSMSISNPSTELADSKLITEKEYSROPALABNTAPPMCHPZoom into Communication ServicesCommunication ServicesGOOGL+2.1%GOOG+2.0%META-2.0%NFLX+2.0%DIS+0.4%VZ+0.6%TMUS+1.8%T+1.5%APP+2.3%CMCSA+1.1%LYVTTWOSKYDTKOFOXAFOXECHOCHTROMCNWSZoom into FinancialsFinancialsBRK.B+0.8%JPM+0.4%V+0.6%MA+0.3%BAC-0.0%MSGSWFCZoom into IndustrialsIndustrialsSPCX-2.3%Zoom into Health CareHealth CareLLY+0.3%JNJ-0.1%ABBVUNHMRKTMOAMGNGILDABTPFEDHRZoom into Consumer DiscretionaryConsumer DiscretionaryAMZN-1.7%TSLA+2.9%HD+0.1%MCDTJXSBUXBKNGHLTCVNAMELIROSTDASHORLYGMZoom into Consumer StaplesConsumer StaplesWMT+0.1%COSTKOPGPMPEPZoom into EnergyEnergyXOM+1.4%CVXCOPZoom into UtilitiesUtilitiesZoom into Real EstateReal EstateZoom into MaterialsMaterials
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Market Summary

Market & SentimentA risk-on session: the Nasdaq 100 rose 2.31% and the S&P 500 1.32%, while the Russell 2000 lagged at 0.89%. Breadth was firm with 331 advancers against 165 decliners and 70.1% of stocks above their 50-day average; 30 new highs versus one low. The temperature reading of 74 (hot) reflects that strength rather than any single catalyst.

Sectors & StocksInformation technology led at 2.82%, with energy second at 1.81% as oil rose 2% on Iran's nuclear stance. Memory and AI hardware drove the tape: Sandisk +13.7%, Micron +11.9%, Dell +11.8% and Seagate +10.0% after CoreWeave's quarter eased AI spending and debt fears. Consumer discretionary was the lone decliner at -0.19%, with Airbnb -3.1% on AI-disruption worries and McDonald's -2.6%.

Rates, FX & CryptoYields rose across the curve, the 2-year up 17bp to 4.73% and the 10-year 10bp to 4.98%, leaving 2s10s at 25bp. The dollar firmed: EUR/USD fell 0.78% and USD/SGD rose 0.34%, while USD/CNY was flat. Bitcoin edged up 0.34% to about $73,950 and ether 0.19%.

Earnings & AnnouncementsCostco declared a record $30 special dividend worth $13.3 billion and renewed its $4 billion buyback, with the payout to holders of record November 24. Lam Research's board approved a buyback of up to $25 billion and reaffirmed its $0.33 quarterly dividend. Meta's infrastructure head Santosh Janardhan will leave in 2027, succeeded by former AWS executive David Brown. Applied Materials, Palo Alto Networks and Cisco report next.

What to Watch Next Trading Day
  • Applied Materials, Palo Alto Networks and Cisco earnings
  • Iran nuclear and Gulf shipping headlines
  • Treasury yields after the 2-year's 17bp jump
  • Whether AI hardware rebound holds into the close
Top News
  1. CoreWeave says demand far exceeds capacity
    CoreWeave's CEO said qualified demand runs about 10x available capacity through 2027, and pricing on older Nvidia Ampere and Hopper chips rose 30% to 50%, easing fears of an AI spending slowdown.
    NVDAYahoo11-11 19:37 UTC
  2. Oil climbs 2% on Iran nuclear stance
    An Iranian official said the country will keep its enriched nuclear material, lifting crude 2% and supporting energy shares amid ongoing shipping and geopolitical risk in the Gulf.
    Reuters11-11 02:10 UTC
  3. Retail sales growth slowest in nearly a year
    The CNBC/NRF Retail Monitor showed October retail sales rising at their slowest pace in almost a year, a sign consumers are strained by high prices even as spending continues.
    CNBC11-11 12:27 UTC
  4. Nvidia posts worst five-day stretch since 2022
    A board investigation into Jensen Huang, reports of chips reaching China and a hot inflation print hit Nvidia together; analysts still see upside ahead of its November 17 report.
    NVDAYahoo11-11 19:27 UTC
  5. Meta infrastructure chief to depart in 2027
    Meta said Santosh Janardhan, head of infrastructure and co-head of engineering, will leave in 2027 and be succeeded by former AWS senior vice president David Brown.
    CNBC11-11 18:10 UTC
  6. Costco declares $30 special dividend
    Costco announced a record $30 per-share special dividend totaling about $13.3 billion and renewed its $4 billion buyback; the payout goes to holders of record November 24.
    COSTYahoo11-11 18:43 UTC
  7. Lam Research approves $25 billion buyback
    Lam Research's board authorized a share repurchase program of up to $25 billion with no termination date and reaffirmed its quarterly dividend of $0.33 per share.
    LRCXYahoo11-11 19:11 UTC
  8. Democrats could challenge Trump private-sector stakes
    The administration held equity positions in 41 companies as of November, per CATO, and Democratic pushback could complicate those holdings and the policy behind them.
    CNBC11-11 11:00 UTC
  9. Russia-Ukraine talks show limited progress
    Moscow and Kyiv reported some progress at talks, though Washington cited a lack of trust, leaving geopolitical risk elevated for energy and European markets.
    Reuters11-11 17:11 UTC

Stories are selected and summarized by AI from the day's news coverage. Click a headline to read the original. Not investment advice.

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