TradingKey

On November 12, Eastern Time, Apple (AAPL) shares rose to $359.3, hitting another all-time high. Amid a sell-off in AI-related stocks, lower capital expenditures, stable cash flows, and continuous share buybacks have made Apple a choice for capital seeking defensive positioning in tech stocks. Bernstein noted that the market is pricing Apple like a high-quality consumer company.

On November 12, Eastern Time, spot gold (XAUUSD) dropped more than 3% intraday to $3,864 per ounce, hitting its lowest level since October of last year. Higher-than-expected U.S. inflation data, coupled with successive hawkish signals from Federal Reserve officials, drove the U.S. dollar higher and kept investment demand for gold under sustained pressure.

TradingKey - On November 12, Eastern Time, Nvidia (NVDA) tumbled 14% at the open to a low of $148.8, marking its lowest level since late June 2025, before gradually paring losses. Earlier, the company's board of directors announced that Jensen Huang had resigned as president, chief executive officer, and director, effective immediately. Executive Vice President and Chief Financial Officer Colette Kress was appointed interim CEO while continuing in her existing roles.

TradingKey - On November 12 ET, as of press time, Micron Technology (MU) fell 4.61% in pre-market trading, as a profit-sharing dispute between a Taiwanese labor union and the company continued to escalate.

TradingKey - Nebius (NBIS) shares fell more than 15% in premarket trading on Thursday after the company reported its third-quarter financial results. Despite marked improvements in both revenue and adjusted profit, investors did not focus on the rapid growth.

TradingKey - SpaceX (SPCX) plans to launch the 15th test flight of Starship as early as November 13, Eastern Time. This mission will mark the first attempt to return both the Super Heavy booster and the Starship upper stage to Starbase, Texas, where they are to be caught by the launch tower's mechanical arms.

TradingKey - On November 12, Eastern Time, the three major U.S. stock index futures traded mixed, with tech stocks once again under pressure. As of press time, Nasdaq 100 index futures were down about 0.9%, S&P 500 index futures fell about 0.42%, and Dow futures were virtually flat.

TradingKey - DELL jumped 11.75% to $373.68 as AI server stocks rebounded, but premarket trade slips to $361.00, just under $362.04 support, before November 24 results.

TradingKey - Cerebras (CBRS) will report its third-quarter 2026 financial results after the market close on November 12, Eastern Time, and hold a conference call at 5:00 p.m.

TradingKey - CSCO rose 2.66% to $100.76 and now retests $101.60, the support it lost in early November, as Q1 results after the close put AI orders and margins in focus.

TradingKey - Eli Lilly (LLY) rose over 3% in U.S. premarket trading on Thursday, climbing to around $1,488. If these gains carry into regular trading, the stock is poised to set a new all-time high. The primary catalyst driving the bullish market sentiment is that Eli Lilly's oral GLP-1 weight-loss drug, orforglipron calcium tablets, officially received approval from China's National Medical Products Administration (NMPA) under the brand name "Muyouda."

TradingKey - MU rebounded 11.89% to $811.30 but stalled at $817.65, where a falling trendline meets the 50% Fibonacci level, as overnight quotes now test $777.89 support.

TradingKey - SanDisk (SNDK) shares rose 13.7% on Wednesday to close at around $983. The stock is poised to advance toward the 38.2% retracement level at $1,144, representing approximately 14% potential upside from the $1,000 mark.

TradingKey - Speculation over the future of Nvidia (NVDA) CEO Jensen Huang continues to swirl, with the board reportedly discussing whether to remove him from his position.

TradingKey - NVDA points about 7.5% lower overnight after reports the board may remove CEO Jensen Huang, putting $163.89 daily support at risk five days before earnings.

TradingKey - On November 12, the US Dollar Index extended its recent upward trend during the Asian trading session, briefly breaking through the 103 mark to hit a high of 103.08, reaching a nearly 19-month high since April 2025. Higher-than-expected US October inflation data, coupled with a series of hawkish signals recently released by Federal Reserve officials, prompted the market to further raise expectations for a December rate hike, providing support for the continued strength of the US dollar.

TradingKey - On Thursday (November 12), Bitcoin (BTC) extended its recent downward trend. As of today's European session, Bitcoin fell below $74,000 intraday, trading near $73,600. Fundamentally, rising expectations of Federal Reserve rate hikes and persistent ETF capital outflows have been the two primary pressures driving Bitcoin's recent decline.

TradingKey - Applied Materials (AMAT) will release its fourth-quarter and full-year fiscal 2026 financial results after the market close on November 12, Eastern Time, and host an earnings conference call at 16:30.

Japanese and South Korean equity markets retreated after an early rally, with the KOSPI falling below the 5,400-point mark to close down 0.61%, while the Nikkei narrowly held the 60,000-point threshold.

TradingKey - On Friday (November 13) Eastern Time, the U.S. will release the October Producer Price Index (PPI). Following October's CPI once again exceeding expectations, the market will look to the PPI to further assess whether price pressures on the U.S. production side are spreading, as well as the likelihood of the Federal Reserve raising interest rates by 25 basis points or 50 basis points in December.