Hot CPI Pushes 10-Year Yield to 5%, Nvidia Sinks 6%: Stock Market Today
Hotter October CPI pushed the 10-year Treasury yield to 5% and the 2-year up 17 basis points, while Nvidia's slide weighed on the Nasdaq 100.
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'How Jensen Huang’s Yearslong Ties to Alice Huang Enabled Nvidia Chip Sales to China; The relationship between Nvidia CEO Jensen Huang and Alice Huang... dates back to at least 2023, and the two have built a rapport that facilitated the shipment of at least $7.5 billion worth of Nvidia chips' - The Information
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