Market News Roundup — November 11, 2026: Nvidia, Anthropic IPO, Japan Tankan, Baltic and Hormuz tensions

Here are the key economic, tech and geopolitical headlines from the past few hours, in brief.

🤖 Tech and AI

Political pressure on Nvidia: CNBC reported that Nvidia CEO Jensen Huang is holding regular morning meetings with senior executives after admitting to an extramarital affair. According to Axios, the US Commerce Department has received a national security warning related to the matter. Politico reported that Republican Senator Kevin Cramer, a member of the Senate Banking Committee, has called on Huang to resign. The story adds headline risk for Nvidia shares and the Nasdaq.

Anthropic IPO: The Financial Times reported that Anthropic's bankers are close to raising the company's IPO valuation to $1.5 trillion or more.

OpenAI: The Wall Street Journal reported that OpenAI told investors its adjusted operating margin improved from −150% in Q2 to −109% in Q3.

Canada: Uniserve Communications plans to buy more Nvidia B300 systems to expand Canada's AI computing capacity, and has also received a $4 million loan.

🇯🇵 Japan

Tankan: Japan's manufacturers' index rose to 27 in November from 22 in October. It is expected to reach +28 by February, with the non-manufacturing index at +29.

Prime Minister Takaichi: The government has no intention of taking fiscal steps that could fuel high inflation. She expects the Bank of Japan to conduct appropriate monetary policy to achieve its 2% inflation target sustainably. The remarks matter for the yen and BoJ rate expectations.

🇺🇸 US politics

The US House backed a measure that blocks the impeachment of Defense Secretary Pete Hegseth.

🌍 Geopolitics and energy

• Strait of Hormuz: The UK Maritime Trade Operations (UKMTO) received a report of an incident involving a tanker in the Strait of Hormuz. The condition of the crew, the extent of the damage and any environmental impact were still unclear.
• Russia: The governor of the Leningrad region said, based on preliminary information, that drones attacked the port of Ust-Luga on the Baltic Sea, a key outlet for Russian oil and fuel exports.
• Baltics: According to Lithuania's National Crisis Management Centre, NATO jets on the Baltic air policing mission were scrambled after an object was detected moving from Belarus toward the Baltic states. Latvia's armed forces said the threat to Latvian airspace has passed.

Market note

The Hormuz incident and the Ust-Luga strike both add to the oil supply risk premium, supporting oil and gold. Meanwhile, the Nvidia story is a fresh risk for tech stocks and the Nasdaq.

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Sources: CNBC; Axios; Politico; Financial Times; The Wall Street Journal; UKMTO; Lithuania's National Crisis Management Centre; Latvian Armed Forces; Reuters Tankan survey