Technology stocks recover after US midterms while Nvidia faces chief executive probe

Technology companies rose on Monday to recover from losses suffered after the United States midterm elections, according to Euronews and Yahoo Finance. The recovery came as traders kept watch on a probe into Nvidia chief executive officer Jensen Huang. LBC, Tech Digest, Gaydio, and Yahoo News UK reported that Nvidia launched an investigation following reports that Huang admitted to an affair with a suspected Chinese spy. [1][2][3][4][5][6]

Euronews and Yahoo Finance reported that chipmakers and artificial intelligence firms faced sharp declines after Democrats won both houses of Congress. Euronews reported that voters expressed frustration over president Donald Trump's Iran war, tariffs that increased prices, and the nationwide expansion of data centres. As FTMQ News reported earlier, the Nasdaq composite stock index fell by more than 5.5 percent after the elections, wiped out an estimated 2.5 trillion dollars in market capitalisation for technology firms, and raised fears of an AI slowdown. [1][3][9]

Global stock markets previously experienced a major crash starting on April 2, 2025, after president Donald Trump introduced sweeping tariffs across almost all economic sectors. Nvidia has grown into a primary supplier for the artificial intelligence sector, providing GPUs for machine learning along with its CUDA software framework and data centre products. [7][8]

Euronews reported that the election results have driven speculation that the incoming United States Congress will move to restrain technology industry expansion and increase regulation. [1]