Nasdaq 100 futures near a resistance breakout after tech valuation slump
The U.S. tech sector experienced a corporate shock that led institutional investors to reassess risk premiums on Wall Street. The reported proposal to put the removal of Jensen Huang as Nvidia CEO to a vote, following a scandal, hit the AI bull market and triggered a wave of position cuts in semiconductor stocks that dragged down the Nasdaq 100. The index's forward price-to-earnings ratio fell to 19.2x in November 2026, below the two-standard-deviation band versus the 2019-2026 average of 24.9x.
In 40 seconds
- The reported proposal to vote on removing Jensen Huang as Nvidia CEO shook the U.S. tech sector.
- Institutional investors reassessed risk premiums on Wall Street and cut semiconductor positions, dragging down the Nasdaq 100.
- The Nasdaq 100's forward price-to-earnings ratio fell to 19.2x in November 2026, versus a 2019-2026 average of 24.9x.
Read the full story at XTB.com
IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.
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