Mizuho’s Klein calls Nvidia ‘silly cheap’ below 10x earnings in spite of Huang lack of clarity
Nvidia's valuation now looks more like a business in decline than one at the centre of AI, and market watchers say that mismatch is the opportunity, provided the leadership question resolves. Nvidia has stated Huang fully supports the review and will cooperate with it.
In this article
In the latest stock market today update, Nvidia's valuation now looks more like a business in decline than one at the centre of AI, and market watchers say that mismatch is the opportunity, provided the leadership question resolves, according to investingLive. Nvidia has stated Huang fully supports the review and will cooperate with it.
Key points
- Klein acknowledged that losing Huang would be a sizeable risk.
- It is now pricing in substantial lack of clarity linked to post-election fears and to questions over Huang's leadership.
- Nvidia has a deep bench of talent, Klein noted, but the open-ended timeline of the situation is the market's steepest worry.
- Multiples that low, he noted, are normally seen at businesses with structural problems or businesses in long-term decline.
- He described Nvidia as one of the central firms in the AI revolution.
What happened: Stock market today
Multiples that low, he noted, are normally seen at businesses with structural problems or businesses in long-term decline, and Nvidia is neither. It is now pricing in substantial lack of clarity linked to post-election fears and to questions over Huang's leadership. Klein acknowledged that losing Huang would be a sizeable risk.
Nvidia has a deep bench of talent, Klein noted, but the open-ended timeline of the situation is the market's steepest worry. He described Nvidia as one of the central firms in the AI revolution, if not the central one.
Why stock market today matters for traders
Equity moves reflect expectations for earnings, interest rates and economic growth. Strong or weak results from large companies can shift sentiment across whole sectors and indices.
Stock-market sentiment also spills over into currencies: risk-on moods tend to favour higher-yielding currencies, while sell-offs often support safe havens.
Market reaction and data
Crypto prices at the time of writing, from Binance spot data (2026-11-11 00:14 UTC):
| Asset | Last price (USDT) | 24h change | 24h high | 24h low |
|---|---|---|---|---|
| Bitcoin (BTC) | 73,672.01 | -2.17% | 75,303.13 | 72,727.27 |
| Ethereum (ETH) | 2,052.05 | -3.81% | 2,133.48 | 2,006.00 |
| Solana (SOL) | 83.43 | -3.74% | 86.79 | 81.34 |
On the currency side, the latest ECB daily reference rates (2026-11-10) show EUR/USD 1.1214, GBP/USD 1.3423, AUD/USD 0.6904, NZD/USD 0.5628, USD/JPY 158.18, USD/CHF 0.8207, USD/CAD 1.4136, USD/CNY 6.6703. These are reference fixes, not live quotes.
What to watch next for stock market today
Traders will track upcoming earnings, guidance from company management, bond yields and macro data that could change the rate outlook.
Key scheduled releases on the economic calendar:
- GBP GDP m/m on Thu Nov 12, 07:00 UTC, forecast 0.0%, previous 0.1%
- USD Core PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.3%, previous 0.7%
- USD PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.4%, previous 1.3%
Follow every update in our Top 10 Forex News Today, read Fed’s Paulson backs further gradual tightening moves, names three triggers for faster action or see all of today's top market news.
FAQ
What is the latest stock market today news?
Nvidia's valuation now looks more like a business in decline than one at the centre of AI, and market watchers say that mismatch is the opportunity, provided the leadership question resolves.
Why do stock markets react to interest rates?
Higher rates raise borrowing costs and reduce the present value of future profits, which tends to weigh on stock valuations, especially for growth companies.
Where does this information come from?
This report is based on coverage from investingLive, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
