AI optimism lifts Nvidia as NKT slides on downgrade - Nov 20, 2025

As of November 20, today’s news features sharp market reactions in the cable manufacturing sector and renewed momentum in the AI industry. NKT falls as much as 3.9%, the most since September and trimming some of Wednesday’s 17% surge, after Kepler Cheuvreux cut its recommendation to reduce from hold. The analyst notes that the shares are currently trading at a “significant” premium to peers such as Prysmian and Nexans. Meanwhile, Nvidia CEO Jensen Huang said he does not see an AI bubble, but rather a tipping point. In his view, the kind of computing his company specializes in will come to suffuse everything from writing code to running legions of robots in the everyday world, stoking investor optimism and sending Nvidia shares up nearly 5% in premarket trading today. Turning to market updates, Siemens Energy announced a 6 billion dollars share buyback program, propelling its stock to a record high after previously raising its mid-term targets due to robust demand for gas turbines and energy grids. Furthermore, Schneider Electric Canada announced the inauguration of a new 20 million dollars state-of-the-art Albesol facility in Mississauga, Ontario. Launching on November 20, the new location marks a key milestone in their shared mission to strengthen Canada’s energy infrastructure and supply chain resilience. Meanwhile, China's rare earth magnet exports saw a 5.2% decline in October, while shipments to the United States surged to a nine-month high following China's decision to suspend measures for a year as part of a trade de-escalation promise made at a recent summit. In the context of broader macro trends, the ongoing COP30 climate summit in Belem, Brazil, is marked by stalled negotiations and increasing concerns about the pace of the energy transition. Despite high fossil fuel demand and significant geopolitical factors, nations are struggling to agree on a path away from fossil fuels. Many fear that the lack of consensus could undermine investor confidence in sustainable market strategies.