Evening Wrap, Mon 9 Nov 2026

Scoreboard check: the mood in the AI Economy Index room was GOOD today!

Our AI Economy Index jumped 5.40% on Monday and finished about 2.7 points ahead of the NASDAQ's 2.74% rise, per Yahoo closes.

That is the biggest lead over the NASDAQ we have ever had, and our biggest up day, since we started tracking on 5 Oct.

The S&P 500 rose 2.35%, per Yahoo closes.

We track 143 AI companies in the AI Economy Index, and it has been a rough start. Since 5 Oct the Index is still down 16.0% and the NASDAQ is down 8.1%, per Yahoo closes through 9 Nov.

So yes, the whole team is smiling tonight. We finally clawed back some momentum.

Here is the breakdown of the players who were the biggest movers today.

Coherent led the risers. Coherent makes lasers and optical parts for AI links. Power Rankings: Coherent is 16th in AI chips and networking, per our rankings data as of 6 Nov.

MPS (Monolithic Power Systems) was up 16.6%, per Yahoo closes. MPS makes power chips that feed AI processors. Power Rankings: MPS is 10th in AI chips and networking, per our rankings data as of 6 Nov.

Viasat was up 16.3%, per Yahoo closes. Viasat runs satellite communications. Viasat is in our Index but not in the Power Rankings.

On the other side: NVIDIA was down 4.3%, Alibaba was down 3.7% and IREN was down 1.1%, per Yahoo closes. NVIDIA makes the chips that train and run AI models. Alibaba runs shopping and cloud services. IREN builds data centers and rents out AI computing power. Power Rankings: NVIDIA is 1st in AI chips and networking. IREN is 9th in Cloud and compute, per our rankings data as of 6 Nov. Alibaba is in our Index but not in the Power Rankings.

We have not established what caused these moves.

What we track, super simple: the AI Economy Index follows the public companies that build and run the AI economy, from chips to power to robots, so one big name cannot tell the whole story. The Power Rankings put those companies in order inside each division, like league standings. Both matter because they show who is actually delivering, not just who is talking.

1. Oracle puts a date on paying its own way. Oracle runs a big cloud business renting out computing power for AI. At its Investor Day it said it expects free cash flow to turn positive in the second half of fiscal 2028, and it committed to limit additional capital raises to $20 billion through fiscal 2030, per its 28 Oct release. Power Rankings: 4th in Cloud and compute, per our rankings data as of 6 Nov. Our take: jury's out. A dated target and a written limit give us something real to check, but these are promises, not results. The proof is the cash flow reports over the next quarters. Full briefing: https://siliconsideline.com/blog/oracle-investor-day-cash-flow-funding-cap

2. Marvell signs the top receiver. Marvell makes the chips that drive data links inside AI data centers. Lumentum makes the lasers and optical parts that turn those signals into light. The two signed an all stock deal for Marvell to acquire Lumentum, at an implied enterprise value of $115 billion, the companies said on 2 Nov. Power Rankings: Marvell is 11th and Lumentum is 15th in AI chips and networking, per our rankings data as of 6 Nov. Our take: good sign for the copper to light shift, jury's out on the deal. It is signed, not closed. It still needs stockholder votes and regulators, and the companies expect to close in the first half of 2028. Full briefing: https://siliconsideline.com/blog/marvell-lumentum-115bn-all-stock-deal

3. NVIDIA's board opens a review. NVIDIA's board opened an independent investigation in light of reporting that founder and CEO Jensen Huang was targeted by a foreign intelligence effort. Independent directors and outside independent counsel will oversee it. The board says it has no reason to believe national security or NVIDIA secrets were compromised, and it has confidence in Huang and his leadership team. Huang supports the review and has committed to cooperate. This is a review, not a verdict. For the AI Economy Index, which tracks companies across the AI economy, the next thing to watch is what the inquiry establishes, not what people guess it might find. (NVIDIA Newsroom, 8 Nov 2026)

What's next: Oracle's next cash flow report as the real test of its free cash flow promise.

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.