London-listed technology investment trusts brace for bleak winter Analysis After the shockwaves triggered by revelations over Jensen Huang’s relationship with an alleged spy yesterday, today it was the turn of Softbank to add to AI bubble anxieties. The Japanese investment firm, led by billionaire founder Masayoshi Son, surprised markets after posting a £5.3bn third quarter loss (analysts were expecting a profit). That was caused [...]
Nvidia scandal leaves UK savers ‘exposed’ to fallout Tech British pension and ISA holders could be more exposed to Nvidia’s deepening spy scandal than they realise, with investment experts warning that millions of savers are heavily reliant on a handful of US tech giants. The world’s most valuable chipmaker shed around $190bn (£145bn) in market value on Monday after chief executive Jensen Huang admitted [...]
Nvidia hit with shareholder lawsuit after $190bn market value wipeout Tech Nvidia and chief executive Jensen Huang have been hit with a shareholder class-action lawsuit alleging they concealed his relationship with a suspected Chinese spy, after the chipmaker shed around $190bn (£145bn) in market value on Monday. The proposed lawsuit, filed in a federal court in San Jose, California, accuses the AI giant and its founder [...]
Anthropic retracts $69bn IPO plans after sending inaccurate figures to banks November 10, 2026 Anthropic has withdrawn pricing details for its highly anticipated stock market debut after telling bankers it planned to raise as much as $69.3bn (£53bn), before claiming the figures were inaccurate. The Claude developer circulated a securities filing on Monday outlining plans to sell approximately 867 million shares at between $70 and $80 apiece, Reuters reported. [...]
FBI probes Nvidia boss over alleged spy affair as shares tumble November 10, 2026 The FBI is investigating Nvidia boss Jensen Huang’s affair with a suspected Chinese spy, Donald Trump has confirmed, as shares in the AI chip giant tumbled more than four per cent despite a wider Wall Street rally. Nvidia shares closed 4.3 per cent lower on Monday, having plunged almost nine per cent earlier in the [...]
As it happened: Oil at lowest since August; stocks hit by US inflation shock November 10, 2026 Welcome back to City AM‘s FTSE 100 live blog. It’s Tuesday morning and UK stocks are climbing higher, with Georgian bank Lion Finance and carmaker Rolls Royce among the top risers. Tech stocks rebounded in the US overnight, despite Nvidia losing more than four per cent over its ‘honeytrap’ scandal. Oil prices are falling further [...]
More than three-quarters of FTSE 350 firms have outperformed Nvidia this year November 9, 2026 The shares of more than three quarters of FTSE 350 firms have outperformed Nvidia so far this year after the world’s biggest semiconductor firm was blighted by concerns over bloated AI valuations and its billionaire founder was caught in a relationship scandal involving an alleged spy. Some 68 constituents of the FTSE 100 and 202 [...]
After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom November 9, 2026 How Jensen Huang’s alleged affair echoes past boardroom scandals and could test his future at Nvidia
Nvidia shares plunge after Chinese spy scandal throws Huang’s future into doubt November 9, 2026 Nvidia shed more than $200bn in value on Monday after a suspected Chinese spying scandal involving chief executive Jensen Huang plunged his future at the company into uncertainty. Shares in the AI giant fell as much as 8.04 per cent to $171.64 in early trading after Nvidia’s launched an investigation into reports that Huang had [...]
Jensen Huang affair exposes Nvidia leadership risk November 9, 2026 Nvidia’s dependence on its “totemic” founder Jensen Huang has become a growing concern for investors, analysts have said, after an alleged Chinese espionage scandal raised questions over who could replace the man credited with building the world’s most valuable AI chipmaker. The company’s board has launched an independent investigation following reports that Huang was targeted [...]