Wall St set to open higher after last week's AI rout; Nvidia down Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, New York, US, November 6, 2026. REUTERS/Brendan McDermid · Reuters By Niket Nishant and Utkarsh Hathi Mon, November 9, 2026 at 8:44 AM EST 2 min read NVDA -5.29% Trade NVIDIA on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Nov 9 (Reuters) - Wall Street's main indexes were poised to open higher on Monday, as investors attempted to shake off last week's AI anxieties while awaiting more clarity on the controversy surrounding Nvidia CEO Jensen Huang.
The gains kick off a pivotal week expected to offer some insight into whether the selloff post the midterms last week went too far or was warranted. Analysts warned that several concerns were converging under the surface.
Shares of Nvidia, the second most valuable company in the world, fell 5% premarket after an internal investigation into whether CEO Huang had been targeted by a foreign intelligence effort raised questions about his future at the AI chipmaker.
"This was just the cherry on top for investors looking to pull out of AI-linked stocks. It's a very bad headline that's affecting tech stocks," said Nadia El Bilassy, senior market analyst at Equiti Group.
The focus on Nvidia may subside later this week "when we have more important things to discuss, like the inflation data," she added.
The Labor Department is scheduled to release its Consumer Price Index report for October on Tuesday.
Fears of a December rate hike also persisted following October's stronger-than-expected jobs data.
At 8:25 a.m. ET, Dow E-minis rose 534 points, or 1.04%, S&P 500 E-minis added 52.5 points, or 0.71%, and Nasdaq 100 E-minis advanced 180.5 points, or 0.67%.
Shares of some chipmakers were muted premarket, with Intel and Marvell Technology up 0.1% and 0.4%, respectively, while Qualcomm fell 0.2%.
The Philadelphia Semiconductor Index ended Friday with its biggest weekly loss since March 2025.
"The AI correction in equities could have much further to run," wrote Thomas Mathews, head of markets for Asia Pacific at Capital Economics.
"One further risk would be any concrete sign that the hyperscalers were paring back capital expenditures," he added.
Among the hyperscalers, Microsoft, Alphabet, Meta and Amazon were up between 2% and 3%.
Investment giant KKR was up 0.9% after its quarterly profit hit a record high. Constellation Energy , an energy firm with exposure to the AI boom, rose 1.7% after its adjusted third-quarter profit surpassed expectations.
Of the 335 companies in the S&P 500 that had reported earnings as of Thursday, 82.4% beat estimates, according to Tajinder Dhillon, head of earnings and equity research at LSEG Data and Analytics.
Berkshire Hathaway's class B shares were 0.6% lower after the conglomerate reported lower third-quarter profit.
(Reporting by Niket Nishant and Utkarsh Hathi in Bengaluru; Editing by Shinjini Ganguli and Devika Syamnath)
