Eight of 10 Asian AI-linked stocks we tracked were higher on 11 November, the session after Nvidia closed 5.53% lower at $168.80, according to exchange quotes carried by Yahoo Finance. The median move across the ten was +3.79%, by our arithmetic.
The gains were led by Advantest +5.89% (¥31,440, at the close). Below their 10 November close: SoftBank Group -0.44% (¥3,855, at the close); Alibaba -0.69% (HK$100.90, intraday, 06:36Z quote). Prices were last checked at 06:51 UTC; figures marked intraday were taken while that market was still trading and may change by its close.
Business Pill · Concentration Explained
An evergreen Business Engineer explainer on market concentration. It teaches the general idea only and does not discuss today’s market moves.
The key insight: On 11 November, eight of the 10 Asian AI-linked stocks we tracked were above their 10 November closes, with a median move of +3.79% by our arithmetic on exchange quotes, the session after Nvidia closed 5.53% lower. Figures for markets still open when checked are intraday.
Tokyo: Advantest +5.89% (¥31,440, at the close); Kioxia +5.55% (¥9,571, at the close); Tokyo Electron +2.95% (¥9,272, at the close); Fujikura +1.04% (¥3,121, at the close); SoftBank Group -0.44% (¥3,855, at the close). The Nikkei 225 was +1.31% (at the close).
Seoul: SK Hynix +5.36% (₩1,277,000, at the close); Samsung Electronics +3.57% (₩206,000, at the close). The KOSPI was +2.60% (at the close). Taipei: TSMC +4.81% (NT$2,395, at the close); the Taiex was +3.62% (at the close). Hong Kong: SMIC +4.02% (HK$49.14, intraday, 06:36Z quote); Alibaba -0.69% (HK$100.90, intraday, 06:36Z quote); the Hang Seng was -0.72% (intraday, 06:36Z quote).
Changes are against each stock’s 10 November close. Nvidia’s 10 November close of $168.80 left the shares 9.56% below Friday’s close over two sessions, about $430 billion of market value, as our US close update reported.
Change in ten Asian AI-linked stocks on 11 November 2026 against their 10 November closes, from exchange quotes via Yahoo Finance; starred names were still trading when checked. The basket and its median are our arithmetic.
SoftBank’s Intraday Range
SoftBank Group traded as low as ¥3,465 on 11 November, 10.51% below its ¥3,872 close of 10 November, after reporting a ¥1.12 trillion quarterly loss. It was at ¥3,855 (at the close), -0.44% on the day.
Context From Our Coverage
Korea’s chip exports rose 331.2% in the first ten days of November, as we reported, and TSMC’s October sales were a 2026 high. Those are earlier data points, not explanations of today’s moves.
The Structural Read
As we read it, the Asian AI-linked names in our basket did not follow Nvidia’s 10 November fall on the next session; the data show the moves, not their causes.
FourWeekMBA US close update, 10 Nov 2026
“Nvidia ended the regular session at $168.80, down 5.53% from Monday’s $178.67”
Three Implications
FOR THE BIGGEST MOVERS Advantest, Kioxia and SK Hynix posted the largest gains in the basket on the exchange quotes we checked.
FOR SOFTBANK GROUP The shares traded as low as 3,465 yen, about 10.5% below the 10 November close, on the exchange quotes we checked.
FOR READERS OF INTRADAY DATA Figures for markets still open when checked are intraday quotes and can change by each market’s close.
What Is Not Established
We did not find an outlet market report attributing today’s Asian moves to a specific cause, so this piece states the moves only. The basket is our selection of ten AI-linked names across four markets; a different basket would give a different median. Quotes from the data provider can be delayed, so a quote time can trail the trade it reflects.
This Week In The AI Supercycle
The Great Convergence of Capital, Power, and Geopolitics
This week’s issue: for two years the AI build-out was priced as a supply story, and last week as a credit story. This week it was priced as a permission story, and the answer arrived as a cost, not a ban.
On the session after Nvidia’s 5.53% fall, 8 of the 10 Asian AI-linked stocks we tracked rose, with a median move of +3.79%, by our arithmetic on exchange quotes.
A note on sourcing. Prices are exchange quotes carried by Yahoo Finance, checked on 11 November 2026 at the time stated; quotes can be delayed. Percentage changes, the basket and its median are our arithmetic.
Gennaro Cuofano is a CRO and tech executive who has worked in AI since late 2015, starting with bringing NLP, natural-language generation, voice and chatbot products to the marketing industry. His background is in law and finance: he holds a Master's degree in Law and an International MBA with an emphasis on corporate finance (LUISS Business School and the University of San Diego, 2012), and worked as a financial analyst at a real-estate investment firm in San Diego and as an assistant controller. His work focuses on business model strategy, business engineering and, more broadly, structural analysis: how companies make money, read from their own filings. He created FourWeekMBA and leads research there and at The Business Engineer, his newsletter on AI and business strategy, with over 95,000 subscribers and more than 1,000 published analyses. His writing has also appeared on Entrepreneur (for example, How to Digitize a Family Business in Europe) and HackerNoon. Find him on LinkedIn and Substack. See how we source.
