More recent source-attributed AI analysis in stocks.
Nvidia and CoreWeave were each down about 7% in U.S. premarket trading. The move extended across AI hardware: SK Hynix, SanDisk, and Micron each fell about 4%, while Seagate declined about 3%. Optical names Coherent, Credo, Lumentum, and Marvell each fell about 4%, and Corning declined about 3%. CoreWeave’s reported plan to sell investment-grade loans to raise at least $4 billion refocuses attention on financing capacity. Nvidia’s move follows reports alleging personal misconduct involving CEO Jensen Huang and saying the board is planning to remove him. The key market question is whether weakness in memory and optical stocks persists into regular trading, which would indicate broader pressure across AI infrastructure exposure.
China’s Sci-Tech 50 index rose 2.35% in the first half of the session as computing-chip stocks broadly strengthened. The Hang Seng Index fell 0.9%, while the Hang Seng Tech Index declined 1.4%; Zhipu fell more than 5% and Alibaba fell nearly 5%. The divergence highlighted different market views on China’s AI infrastructure and internet-platform risks. The China Securities Regulatory Commission said it would further broaden the sources, channels and methods for long-term capital to enter the market and work to maintain stable market operations. Reports said Nvidia’s board had begun selecting a new CEO and was considering an interim appointment, but the claims require official confirmation. Kunlunxin’s M300 is scheduled to launch next year, while Baidu CEO Robin Li said inference will be a major source of sustained long-term growth for AI chips. Tencent management said half of its workforce would focus on improving existing core businesses and half would explore AI-native development, rejecting reports of 50% layoffs.
Nvidia’s NVDA market has become Hyperliquid’s largest HIP-3 market, with open interest reaching $535 million and ranking fourth across the platform behind BTC, ETH, and HYPE. Open interest increased 5.8 times over seven days, reaching 2.4 times the previous $227 million high from before June. Daily trading volume topped $1 billion for the first time. Trading involved 9,517 wallets, with 83% holding long positions. Market makers accounted for 70% of short open interest. The largest position was Jump’s 348,000-share NVDA short, valued at about $56 million and described as non-directional. The largest directional position was a 191,000-share long opened within 24 hours, valued at about $30.7 million, with an average entry price of $174.43 and an unrealized loss of about $2.6 million. Across the market, the average long entry price was $169.55, while the mark price was $160.66, about 5.2% below the average entry price. Aggregate unrealized long losses were about $14.6 million. The data highlights concentrated long positioning and short-led market-making exposure as key conditions to monitor.
A whale opened a 191,000-share NVDA long at $174.4, valued at $33.31 million, after NVDA declined following reports involving NVIDIA CEO Jensen Huang. The position became Hyperliquid’s largest NVDA long, according to on-chain analyst Ember, but later showed a $2.57 million unrealized loss after NVDA fell below $160 in post-market trading. The move followed reports of a second alleged extramarital-affair partner and rumors that NVIDIA’s board was considering removing Huang. Market attention is focused on whether NVDA can reclaim the whale’s $174.4 entry level and whether the management-related rumors receive verification. The supplied summary also notes that the concentrated, leveraged position faces liquidation and risk-management pressure if volatility persists.