---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000977389.md"
description: "US stocks rose pre-market (SPX +0.4%, NDX +0.3%) as Brent crude fell 1.1% to $97/bbl on Trump’s more conciliatory Iran comments, offsetting $NVIDIA(NVDA.US)’s -4.4% drop after CEO Jensen Huang admitted to an extended affair with a suspected Chinese spy; the board is investigating but sees no company secrets or national security compromised. Other tech stocks were mixed. Despite fears that Democratic congressional control could slow the buildout of AI data centers, chip demand is expected to exceed supply for the next few years and valuations remain compelling (e.g. $NVIDIA(NVDA.US) 2027 P/E 19x). Easing energy prices as the war nears an end should support equities, with strong S&P 2026 EPS growth (+33% YoY) implying a 20x P/E. I remain cautious on $Tesla(TSLA.US) due to a stretched valuation, negative earnings revisions, and continued commoditization of autonomous technology."
datetime: "2026-11-09T10:56:43.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000977389.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000977389.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000977389.md)
author: "[Gary Black Tracker](https://longbridge.com/en/profiles/17077344.md)"
generator: "portal-rs"
---

# US stocks rose pre-market (SPX +0.4%, NDX +0.3%) a…


### Related Stocks

- [USO.US](https://longbridge.com/en/quote/USO.US.md)
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- [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md)
- [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md)
- [.NDX.US](https://longbridge.com/en/quote/.NDX.US.md)
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- [NVDU.US](https://longbridge.com/en/quote/NVDU.US.md)
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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**