Morning Brief, Mon 9 Nov 2026

Good morning, fans. The weekend was not quiet in the AI league. The biggest name in the game spent Sunday answering questions about its own leader, while chip makers in Asia came out swinging on Monday. Our AI Economy Index tracks the companies building the AI economy, from chips to clouds to power, so you can see in one number how AI is doing next to the whole market. Our Power Rankings put those companies in order inside each division, like standings in a league. Here is the last 24 hours in plain English.

1. Nvidia, the champ has a board review on its hands. Nvidia designs the chips that train and run most of the world's AI. On Sunday its board opened an independent investigation after reports that founder and CEO Jensen Huang was the target of a foreign intelligence effort, per the board's 8 Nov statement. Independent directors and outside counsel will run it. The board says it has no reason to believe national security or Nvidia secrets were compromised, and it has confidence in Huang. The same weekend, Nvidia, SK Telecom and Korean chip maker Rebellions announced a deal to plug Korean AI chips into Nvidia's systems for Korea's own AI data centers, per Nvidia's release. Shares were down more than 5% in early premarket trading Monday (CNBC, 9 Nov). Power Rankings: 1st in AI chips and networking, steady. Our take: jury's out. This is a review, not a verdict, but the market clearly does not love the uncertainty. Earnings are about eight days away, and that is when the champ gets to change the subject.

2. TSMC, the chip factory that woke up swinging. TSMC is the factory that actually manufactures the chips Nvidia, Apple and AMD design. It was up more than 6% during Monday trading in Taipei as Taiwan's market led a rally across Asia (CNBC, 9 Nov, intraday). Power Rankings: 2nd in Chip equipment and manufacturing, steady. Our take: good sign, and the market really loved it. Fans looked past the Nvidia headlines and went straight back to the company that builds the hardware.

3. Hon Hai (Foxconn), the assembler gets a lift. Hon Hai, better known as Foxconn, puts together the giant AI servers that fill data centers, along with iPhones. It jumped more than 8% during Monday trading in Taipei (CNBC, 9 Nov, intraday). Power Rankings: 2nd in Data centers, steady. Our take: good sign. When fans believe the AI build keeps going, the company that bolts the racks together feels it fast.

4. CoreWeave, the rent a supercomputer crowd stays nervous. CoreWeave rents out AI computing power to companies that do not want to build their own. It was down 3.75% in premarket trading Monday, with Nebius and IREN also lower, as worries about debt and data center returns hung around (TradingKey, 9 Nov). Power Rankings: 6th in Cloud and compute, steady. Our take: warning sign for now, and people are really debating this one. CoreWeave reports results on Tuesday, and that could move it either way in Friday's Power Rankings.

5. Anthropic, the IPO everyone is guessing about. Anthropic makes Claude, one of the top AI assistants. It is not public yet, but we are still tracking it. Anthropic had been expected to start pitching its IPO this week, but questions about timing and its valuation are mounting, according to reports cited by MarketWatch (9 Nov). Our take: nobody knows yet. Its model Claude Opus 5.5 is 1st in AI models in our Power Rankings, steady. If this IPO lands, Anthropic would be one of the biggest new teams to join the public league.

What we're waiting for today: how Nvidia trades once the market opens at 9:30am ET, and whether the Asia chip rally carries over to the US.

Power Rankings spots are from our 6 Nov rankings data, compared with our 5 Nov rankings. Rankings and game results describe what already happened. They are not a view on where any share price goes next. This is general information, not investment advice.