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Tech Stocks Plunge as Nvidia Earnings Loom
18 Nov
Summary
- Hang Seng futures lower than last close
- US stocks pull back, led by tech declines
- Nvidia drops ahead of Q3 results release
As of November 18th, 2025, the futures for Hong Kong's Hang Seng index stood at 26,178, lower than its last close of 26,384.28. This comes as US stocks pulled back overnight, plagued once again by declines in the tech sector. The Dow Jones Industrial Average lost 557.24 points, or 1.18%, to close at 46,590.24, with losses in artificial intelligence chip maker Nvidia, as well as Salesforce and Apple, pushing the blue-chip index lower. The S&P 500 sank 0.92% to end the day at 6,672.41, while the Nasdaq Composite tumbled 0.84% to settle at 22,708.07.
Nvidia, a key player in the AI chip market, dropped almost 2% ahead of the company's third-quarter results, which are scheduled for release after the bell on Wednesday. The chipmaker and other names in the AI trade have been under pressure recently as investors grew anxious about stretched valuations. Blue Owl Capital, a private credit lender, also shed nearly 6% amid concerns about its heavy lending tied to the AI data center buildout.
Investors are now eagerly awaiting key economic releases this week, including the September jobs report, which could provide further insight into the state of the US economy.
