News report 📈 Stocks 🌍 United States

Nasdaq Rallies 4% This Week as Markets Navigate Chip Sector Volatility

Markets surged this week as the Nasdaq gained 4.08%, even as NVIDIA grapples with a $500 billion valuation drop and an FBI investigation into its ties with Megaspeed.

🕐 1 min read

5 assets impacted (Stocks). Net bias: 3 Bullish, 1 Bearish, 1 Neutral. Strongest signal: NVDA ↓ 7/10 (75% confidence).

📊 Affected Assets (5)

NVDA
Bearish 🤖 75%
📅 Short-term 🌍 US · Explicit

Roughly $500 billion has been wiped from Nvidia's market value since Friday, November 6, 2026, with the share price near a yearly low. Allegations tie the company to Megaspeed, suspected of helping China evade export controls, and the company hired Wachtell, Lipton, Rosen & Katz on November 10 while the FBI runs its own probe. An active federal investigation is a clear overhang, though the chip-led Nasdaq rally shows buyers are still stepping in.

Catalysts
  • ▼ $500 billion of market value erased since Friday, November 6, 2026
  • ▼ Company hired Wachtell, Lipton, Rosen & Katz for an independent investigation, announced November 10, 2026
Risk Factors
  • ▲ Chip names drove the Nasdaq's 4.08% weekly gain, showing sector demand remains intact
  • ▲ Investigation findings are not yet known; allegations are not proven
ENB
Bullish 🤖 80%
📅 Short-term 🌍 CA · Explicit

Enbridge's Q3 GAAP earnings more than doubled to $1.3 billion, or $0.59 per share, from $0.7 billion, or $0.30, a year earlier, with adjusted EBITDA up to $4.4 billion from $4.3 billion. It reaffirmed 2026 guidance, placed over $3 billion of projects into service, closed the US$0.6 billion Salt Creek acquisition and announced a US$2.6 billion Tallgrass deal, with a $38 billion backlog supporting growth.

Catalysts
  • ▲ Q3 GAAP earnings of $1.3 billion ($0.59/share) versus $0.7 billion ($0.30/share) a year earlier
  • ▲ 2026 full-year guidance and medium-term outlook reaffirmed
Risk Factors
  • ▼ Adjusted EPS growth was modest at $0.49 versus $0.46
  • ▼ US$2.6 billion Tallgrass acquisition adds spending commitments
HIMS
Bullish 🤖 70%
📅 Short-term 🌍 US · Explicit

Hims & Hers signed an agreement with Eli Lilly to offer Zepbound at $299 per month and Foundayo at $149 per month through its platform, with prescriptions shipped directly to patients' homes. This gives the telehealth platform legitimate access to Lilly's GLP-1 medicines, a revenue driver, though it requires abandoning compounded copies of those drugs.

Catalysts
  • ▲ Agreement with Eli Lilly to distribute Zepbound and Foundayo via the Hims & Hers platform
  • ▲ Self-pay pricing from $149 per month for Foundayo and $299 per month for Zepbound
Risk Factors
  • ▼ Hims & Hers committed not to offer compounded copies of Lilly's GLP-1 medicines, removing an existing revenue stream
LLY
Bullish 🤖 60%
📅 Short-term 🌍 US · Explicit

Lilly is expanding distribution of Zepbound and Foundayo through the Hims & Hers platform with self-pay pricing from $149 to $299 per month, opening a direct-to-consumer channel for its GLP-1 medicines. The commercial terms are concrete, but the revenue contribution is not quantified, limiting the certainty of a price move.

Catalysts
  • ▲ New distribution agreement with Hims & Hers for Zepbound and Foundayo
  • ▲ Self-pay pricing starting at $149 per month for Foundayo and $299 per month for Zepbound
Risk Factors
  • ▼ Deal value or expected revenue not disclosed
  • ▼ No price point was changed for existing channels
SLF
Neutral 🤖 50%
📅 Short-term 🌍 CA · Explicit

Sun Life's Q3 showed a clear split: underlying net income rose 9% to $1,146 million with underlying EPS of $2.05, up 10%, and the dividend was raised from $0.96 to $1.00 per share. But reported net income fell 29% to $785 million and reported ROE dropped to 13.0% from 19.3%. The positives and negatives largely offset, leaving the net direction uncertain.

Catalysts
  • • Underlying net income up 9% to $1,146 million; underlying EPS $2.05, up 10% year over year
  • • Common share dividend raised from $0.96 to $1.00 per share
Risk Factors
  • • Reported net income fell 29% to $785 million, with reported EPS down 29%
  • • Reported ROE fell to 13.0% from 19.3% a year earlier

🧭 Full analysis of these assets

🎯 Key Takeaways

  • NVIDIA has lost $500 billion in market value since November 6, 2026, amid an FBI probe and allegations involving Megaspeed.
  • NVIDIA hired Wachtell, Lipton, Rosen & Katz on November 10, 2026, to conduct an independent investigation.
  • Hims & Hers and Eli Lilly partnered to offer Zepbound at $299 and Foundayo at $149 per month, ending Hims & Hers' sale of compounded GLP-1 copies.
  • Enbridge reported Q3 GAAP earnings of $1.3 billion, up from $0.7 billion a year earlier, and reaffirmed its 2026 financial guidance.
  • Sun Life Financial raised its quarterly dividend to $1.00 per share from $0.96, despite a 29% decline in reported net income to $785 million.

📝 Executive Summary

The Nasdaq Composite climbed 4.08% this week, leading a broad market advance despite significant pressure on NVIDIA. While chip-led gains boosted indices, NVIDIA faces a federal probe and a $500 billion market value decline since November 6, 2026, following allegations regarding export control evasion.

❓ FAQ

NVDA · Why is Nvidia stock falling?

A law firm notice cites allegations involving Nvidia's relationship with a firm called Megaspeed, suspected of helping China evade export controls. Nvidia hired an outside law firm on November 10, 2026 to investigate, and the FBI is also probing the matter.

NVDA · How much value has Nvidia lost?

About $500 billion in stock market value since Friday, November 6, 2026, with the share price down almost to a yearly low.

ENB · How did Enbridge's third quarter go?

GAAP earnings attributable to common shareholders were $1.3 billion, or $0.59 per share, up from $0.7 billion, or $0.30, a year earlier. Adjusted earnings were $1.1 billion, or $0.49 per share, and adjusted EBITDA rose to $4.4 billion from $4.3 billion. The company reaffirmed its 2026 guidance.

HIMS · What did Hims & Hers announce with Eli Lilly?

They agreed to expand access to Zepbound and Foundayo through the Hims & Hers platform, with self-pay pricing starting at $299 per month for Zepbound and $149 per month for Foundayo, shipped directly to patients after an online consultation.

LLY · What does the Lilly and Hims & Hers deal mean for patients?

Eligible patients can get a prescription through the Hims & Hers platform and receive FDA-approved Zepbound at $299 per month or Foundayo at $149 per month shipped to their home, rather than compounded copies.

SLF · Did Sun Life raise its dividend?

Yes, the common share dividend was raised from $0.96 to $1.00 per share alongside its third quarter results, in which underlying EPS rose 10% to $2.05 but reported net income fell 29% to $785 million.