Nvidia and Anthropic Set to Drive Market Volatility on November 18

Nvidia faces leadership transition and earnings report

Nvidia is scheduled to release its earnings report on November 18 (F1) or November 17 (F2, F56), with interim CEO Colette Kress leading the presentation. The company forecasts $108 billion in revenue and a 74 percent gross margin for the quarter. Nvidia may discuss its Vera Rubin platform and new stand-alone CPUs, which could represent a $200 billion revenue opportunity.

Founder and CEO Jensen Huang resigned on the evening of November 12, India time, following a board investigation into an alleged affair with a Chinese spy (F33) or a marital infidelity scandal (F55). The board appointed Colette Kress, who served as CFO, to replace him.

Nvidia's stock declined over 10 percent on November 12, with some reports noting an 11 percent weekly drop that pushed the market capitalization below $4 trillion. Upstox notes that disputes regarding non-exchange traded products are not eligible for the exchange investor redressal forum or arbitration.

Nvidia is vetting headhunting firms and has contacted Arm CEO Rene Haas regarding the CEO vacancy.

Anthropic targets $1 trillion valuation for upcoming IPO

The company targets a valuation of approximately $1 trillion with subscription multiples of about six times.

AI stocks and market volatility influence indices

Artificial-intelligence stocks represent a large weighting in the S&P 500 and influence its movement. While the index increased over the past three calendar years and continued that rise into 2026 on optimism that AI can produce rapid earnings growth, the S&P 500 has displayed both gains and losses in 2026. The Nasdaq Composite entered correction territory earlier this month.

Investors previously bought shares of AI chip designers such as Nvidia and cloud service providers like Alphabet, which set the market mood positively for a period. Tech giants have spent more than $700 billion on AI infrastructure this year, but investors are now more cautious due to rising inflation and the risk that AI-related revenue may fall short of expectations.

News.futunn.com reported that the Nasdaq fell 1% after opening higher due to AI trading turbulence. During that session, Nvidia's market capitalization fell below $4 trillion.

The U.S. dollar hit an 18-month peak, and Bitcoin slipped below 70,000. Motley Fool analyst Adria Cimino holds no positions in any of the referenced stocks, while the firm maintains positions in and recommends Alphabet and Nvidia.

Federal Reserve signals and inflation create economic headwinds

Initial unemployment insurance claims were 195,000 for the week ending November 14, compared with 200,000 the previous week. The Federal Reserve Bank of Philadelphia Manufacturing Index was 24.7. Higher inflation and the prospect of interest-rate hikes aimed at controlling it are creating headwinds for growth-oriented companies in 2026.

The U.S. The September month-on-month Producer Price Index was revised upward from 1.3% to 1.4%. Treasury bond remains above 5.1%.

Dallas Federal Reserve President Lorie Logan stated that the Federal Open Market Committee must implement at least two additional 25-basis-point interest rate hikes. Boston Fed President Susan Collins declared that it is essential to tighten monetary policy. Chicago Fed President Austan Goolsbee cautioned that the Federal Reserve is "gradually entering a zone that has historically been quite challenging for any central bank".

Goldman Sachs economists predicted a peak federal funds rate of 4.25% to 4.50% by March 2027 and delayed the initial rate cut until December 2027. CME FedWatch data indicates a near-certain likelihood of a 25-basis-point rate hike in December, with a roughly 10% probability of a 50-basis-point increase.

The 10-year U.S. Treasury yield finished late trading on Friday at 5.14%, an increase of approximately 2 basis points for the day. Two-year Treasury yields increased by about 35 basis points over the week, marking the largest weekly rise since October 2024. The 10-year Treasury yield rose by approximately 28 basis points to 5.15% this week, while the 30-year Treasury yield increased by about 20 basis points to 5.48%.

The 30-year Treasury auction experienced weak demand, forcing primary dealers to take on substantial coverage. The U.S. Treasury reported that the October budget deficit hit a record high for that month, with interest payments amounting to $115.5 billion, which accounted for a record 28.2% of federal revenue.

Historically, November has been the strongest month for stock market returns worldwide, based on a 2021 paper covering 114 markets. The Motley Fool’s Stock Advisor service reports an average total return of 831% since inception, compared with 209% for the S&P 500 as of November 14, 2026.

Indian markets navigate retail inflation and global cues

Indian markets are preparing for a weak opening as GIFT NIFTY futures indicated a 0.17% decline to 25,232 points at 7:46 a.m. IST on November 13. This follows the NIFTY50 closing at 25,299.35 points on Thursday, a 0.18% rise from the previous close of 25,255.05 points.

Domestic market activity on Thursday included FII purchases of ₹7,830.60 crore, while DIIs sold ₹6,331.17 crore worth of assets. FII net inflows during the first 12 days of November reached ₹75,392 crore.

This figure exceeds the Reserve Bank of India’s 6% upper tolerance band for the first time in two years.

Global markets influenced sentiment as the Dow Jones Industrial Average fell 0.36% to 52,297.09 points, the S&P 500 dropped 0.35% to 7,592.40 points, and the Nasdaq 100 declined 0.30% to 28,289.19 points on November 12. Benchmark 10-year US Treasury yields were at 5.12% on the evening of November 12.

Brent crude oil prices traded at $95.14 per barrel on November 13, a 0.66% decrease from the previous close of $95.77 per barrel, after reaching an intraday high of $96 per barrel.

Asian equity markets showed mixed results on November 13, with the Nikkei 225 up 1.77%, the Shanghai Composite up 0.24%, and the KOSPI up 1.86%. The Hang Seng index fell 0.62%, and Singapore’s FTSE declined 0.98%.

Data on retail trading showed that 9 out of 10 individual traders in the equity Futures and Options segment suffered net losses. Traders incurring net losses spent an additional 28% of those losses on transaction costs, while those who achieved net profits spent between 15% and 50% of their profits on transaction costs.