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Matt Witheiler, head of late-stage growth investing at Wellington Management's private equity arm, stated that Nvidia's $4 trillion market capitalization is primarily due to its $100 billion revenue and 100% year-over-year growth last quarter, not to Jensen Huang's personal tenure as CEO. He believes the company's business plan for the next two to three years is largely set, and whoever takes over will not affect product launches or the pace of development during this period. While Witheiler's portfolio does not hold Nvidia stock, Wellington Management as a whole is a major shareholder in the tech giant. Stephen Yiu, a manager at Blue Whale Fund, stated that investors need to focus on the company's competitive position, and Nvidia's strong relationships with customers and suppliers remain intact. One of Nvidia's top ten shareholders pointed out that Huang is a key figure in the company, and his departure could have a painful impact. Another portfolio manager from a major shareholder believes this is an isolated incident primarily affecting Nvidia and will not have a widespread impact on the entire AI industry. A portfolio manager from a major Nvidia shareholder noted that the actual impact of AI on business operations is still in its early stages. As new technologies continue to improve the operational efficiency of enterprises, other related stocks may also benefit from the AI ​​boom and fill the performance gap when the valuations of some popular AI stocks fall.

Microsoft stated regarding the service outage: "As conditions permit, the company is increasing infrastructure capacity to support traffic demand in regions where services are gradually being restored."

The Iranian Revolutionary Guard has struck a U.S. early warning radar in Bahrain in response to the attack on Iran's Sirik communications tower.

U.S. Democratic Senator Chris Van Hollen has announced his candidacy for Senate Majority Leader.

U.S. Senate Minority Leader Schumer: I have enough votes to continue as the leader of the Democratic Party.

Microsoft stated regarding the service outage: Positive progress has been made in restarting affected infrastructure and gradually restoring server availability in an isolated manner. The implemented adjustments are operating stably, and the company will gradually expand the scope of its troubleshooting efforts.

The yield on Japan's 30-year government bonds rose 6.5 basis points to 3.985%.

Wolfe Research semiconductor analyst Chris Caso released a report on November 12 stating that even if Jensen Huang is asked to step down, Nvidia's fundamentals and profitability will not be affected until at least 2028, as the company's current products are largely sold out, and orders and product roadmaps are already locked in. The firm believes that Nvidia's AI chip shipments to China are currently negligible; the real risk lies in Huang's long-term influence on AI technology direction and the company's strategy. However, Nvidia's software advantages, intellectual property, and engineering team still constitute long-term competitive barriers. The firm believes that if Huang leaves, the main impact will be a contraction in valuation multiples, rather than a short-term decline in profits. The report maintains an "Outperform" rating on Nvidia with a target price of $275, 58.3% higher than the closing reference price of $173.73 on November 11.

Market news: US Republican lawmakers are again urging Jensen Huang to brief Congress.

The Hang Seng China Enterprises Index (HSI) opened down 136.64 points, or 0.57%, at 23,871.91 on Friday, November 13th; the Hang Seng Tech Index opened down 13.72 points, or 0.35%, at 3,918.21 on Friday, November 13th; the Hang Seng China Enterprises Index (HSCEI) opened down 46.08 points, or 0.57%, at 8,010.68 on Friday, November 13th; and the Hang Seng Red Chip Index (HSC) opened down 16.72 points, or 0.42%, at 3,963.61 on Friday, November 13th.

The yield on Japan's 40-year government bonds rose 4.5 basis points to 4.115%.

Valar Atomics, a US nuclear energy startup, is advancing its Raceway Energy Campus project near Wellington, Carbon County, Utah. According to a permit application disclosed by the Salt Lake Tribune on November 12, 2026, the company plans to build 40 to 120 small nuclear reactors on approximately 640 acres of state trust land, along with nuclear fuel manufacturing, laboratories, and an AI data center. Initially, a natural gas power plant will be constructed to power the manufacturing facilities, laboratories, and data center. Once the reactors are operational, the natural gas power plant can also serve as a backup power source or meet peak demand. The Carbon County Planning Commission has included the project on the agenda of a special meeting on November 12 to review the conditional use permit application. This means the project is moving from land planning to local permit review, and several approval procedures remain before the actual construction and operation of the nuclear power facility can commence.

According to an insider, in his final days at Nvidia, Jensen Huang's usual decisive style vanished, and he began saying things like "whatever" and "I don't care."

Apple futures contracts rose 2.00% intraday, currently trading at 6234.00 yuan/ton.

Federal Reserve's Williams: Evidence suggests the economy is following a "K-shaped" trajectory.

According to estimates, Japan's proposed defense spending may not reach the target of 2% of GDP.

Sources say Japan may cut its missile and aircraft procurement plans, including F-35 fighter jets.

Sources indicate that Japan's military expansion plans have been hampered by budget cuts, and the country has warned arms suppliers of significant order reductions.

Sources say Japan's Ministry of Finance has proposed setting five-year defense spending at 50 to 60 trillion yen, down from the previously sought 80 trillion yen.

Japanese Finance Minister Satsuki Katayama: The US and Japan reached a consensus on foreign exchange issues at the summit. No comment on the history of intervention.