Nvidia Earnings or the Midterms—What Could Spark a November Rally?
Published . Updated .
November brings a packed calendar for U.S. investors. Midterm elections could reshape policy expectations, major earnings reports will test the AI investment story, and employment and inflation data will help frame the Federal Reserve's December rate decision. An anticipated
Directly affected
- NVDA Nvidia-1.8% 30d
Named in this report.
Indirectly affected
- SMH VanEck Semiconductor ETF+1.3% 30d
VanEck Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story.
- SOXX iShares Semiconductor ETF+0.5% 30d
iShares Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story.
- QQQ Invesco QQQ+2.3% 19d
Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.
- TLT iShares 20+ Year Treasury Bond ETF-1.8% 30d
iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “federal reserve” (US interest rates) in this story.
- ASML ASML Holding N.V-6.4% 19d
ASML Holding N.V (special industry machinery): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story.
- TSM Taiwan Semiconductor Manufacturing+2.2% 30d
Taiwan Semiconductor Manufacturing (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story.
- AVGO Broadcom+1.3% 30d
Broadcom (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story.
- AMD Advanced Micro Devices+6.2% 30d
Advanced Micro Devices (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| NVDA | -1.25% | +1.95% | base | after close | after close | after close | after close |
| SMH | -6.13% | -0.69% | base | after close | after close | after close | after close |
| SOXX | -6.87% | -0.54% | base | after close | after close | after close | after close |
| QQQ | -1.57% | +0.81% | base | after close | after close | after close | after close |
| TLTNo price data for this ticker | — | — | — | — | — | — | — |
| ASML | -6.20% | -2.40% | base | after close | after close | after close | after close |
| TSM | -3.07% | +1.22% | base | after close | after close | after close | after close |
| AVGO | -6.76% | -0.76% | base | after close | after close | after close | after close |
| AMD | -8.77% | -1.13% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Nvidia Earnings or the Midterms—What Could Spark a November Rally? Moomoo
Source: Moomoo
This story
| Company | When | Move | Status |
|---|---|---|---|
| AMD | three days earlier | -1.13% | final price |
| AMD | five days earlier | -8.77% | final price |
| ASML | three days earlier | -2.40% | final price |
| ASML | five days earlier | -6.20% | final price |
| AVGO | three days earlier | -0.76% | final price |
| AVGO | five days earlier | -6.76% | final price |
| NVDA | three days earlier | +1.95% | final price |
| NVDA | five days earlier | -1.25% | final price |
| QQQ | three days earlier | +0.81% | final price |
| QQQ | five days earlier | -1.57% | final price |
| SMH | three days earlier | -0.69% | final price |
| SMH | five days earlier | -6.13% | final price |
| SOXX | three days earlier | -0.54% | final price |
| SOXX | five days earlier | -6.87% | final price |
| TSM | three days earlier | +1.22% | final price |
| TSM | five days earlier | -3.07% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Cleo Fields bought Nvidia (NVDA), worth $1,001 - $15,000 on 1 Oct 2026. That is 29 days before publication. Filed 22 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Nvidia (NVDA) (held by a dependent child), worth $1,001 - $15,000 on 23 Sep 2026. That is 37 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Nvidia (NVDA) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 56 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Michael T. McCaul bought Asml Holding (ASML) (held by a spouse), worth $50,001 - $100,000 on 7 Aug 2026. That is 84 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Cleo Fields bought Taiwan Semiconductor Manufacturing (TSM), worth $1,001 - $15,000 on 9 Oct 2026. That is 21 days before publication. Filed 22 Oct 2026. View the filing.
- Rep. Gilbert Cisneros bought Taiwan Semiconductor Manufacturing (TSM), worth $1,001 - $15,000 on 22 Sep 2026. That is 38 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Taiwan Semiconductor Manufacturing (TSM) (held by a spouse), worth $1,001 - $15,000 on 25 Aug 2026. That is 66 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Broadcom (AVGO) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 35 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Broadcom (AVGO) (held by a dependent child), worth $15,001 - $50,000 on 23 Sep 2026. That is 37 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Gilbert Cisneros sold Broadcom (AVGO), worth $1,001 - $15,000 on 16 Sep 2026. That is 44 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Advanced Micro Devices (AMD) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 56 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold Advanced Micro Devices (AMD), worth $1,000,001 - $5,000,000 on 21 Aug 2026. That is 70 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100
“Nvidia Earnings or the Midterms—What Could Spark a November Rally?” scores 12 out of 100. The score uses 1 sources.