This week's macro outlook: Jensen Huang's alleged affair could become an AI 'black swan'; US CPI data and neocloud company earnings are worth watching.

BlockBeats news, November 9th - The market was hit by a bombshell early this week as Jensen Huang released an open letter confessing "infidelity to his wife," causing an uproar. Investors' first reaction was to sell off Nvidia, with the stock dropping over 4% in US overnight trading at one point, before narrowing losses to 3.57% as of press time. It is foreseeable that this week's AI trades in US stocks will largely be influenced by the subsequent developments of this event.

Additionally, US October CPI, PPI, and speeches from multiple Federal Reserve officials will become the market focus this week. Previously, US October non-farm payrolls added 165,000 jobs, with the unemployment rate dropping to 4.1%, fueling expectations for a rate hike. LSEG data shows that the probability of a Fed rate hike in December implied by federal funds rate futures has risen to about 80%, and the market expects this cycle may see two more cumulative rate hikes of 25 basis points each.

On the Fed side, officials including Waller, Bowman, Barr, and Jefferson will deliver speeches or participate in discussions during the week. With inflation data released, the market will continue to watch whether the Fed will raise rates again in December.

In tech stocks, according to Eastern Time, CoreWeave will report Q3 earnings after market close on November 10, Nebius will report Q3 earnings before market open on November 12, and Cisco will report Q1 FY2027 earnings after market close on November 12. Together with Anthropic's IPO roadshow, this constitutes a "double stress test" for AI assets. Anthropic plans to launch its formal IPO roadshow as early as the week of November 9.

Geopolitically, the US, Russia, and Ukraine plan to hold working-level negotiations in Abu Dhabi from November 10 to 11. Ukrainian Presidential Office Head Budanov said he does not expect breakthrough results from the talks but considers the resumption of face-to-face meetings itself as progress. On the US-Iran front, Vance and mediators are discussing the possibility of holding working-level technical meetings, but nothing has been finalized yet.