Stock Markets November 12, 2026 10:35 AM

Mixed Trading Sees Nvidia, Alibaba Weigh on Indexes While SpaceX Edges Higher

Mega-cap declines dominated Thursday’s action with notable weakness across mid- and small-cap groups and a few isolated gainers

By Hana Yamamoto
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NBIS BABA NVDA PANW MU

Thursday’s trading session produced a wide range of moves across market-cap segments. Several mega-cap names, including Nvidia and Alibaba, recorded declines while SpaceX pushed modestly higher. Large-cap technology and semiconductor names also pulled back, and mid- and small-cap issues posted some of the day’s steepest drops. The list below catalogs the largest percentage movers by market-cap tier and includes brief context where provided.

Mixed Trading Sees Nvidia, Alibaba Weigh on Indexes While SpaceX Edges Higher
NBIS BABA NVDA PANW MU
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Key Points

  • Mega-cap technology and internet names showed declines, with Nvidia and Alibaba among notable pullbacks, while SpaceX posted a modest gain.
  • Large- and mid-cap stocks experienced sizable percentage decreases, with company-specific results and analyst actions cited for several movers.
  • Small-cap issues posted the steepest percentage losses on the session, highlighting elevated volatility in lower market-cap segments.

Equity markets on Thursday registered a mix of sizable swings across names of all sizes. The day’s most pronounced moves included declines among several mega-cap technology and internet companies, a modest uptick for SpaceX, and steep percentage drops among select mid- and small-cap names.


Mega-Cap Movers (Market Cap: $200B USD or higher)

  • Yandex (NBIS): -18.88%
  • Alibaba-exch (BABA): -6.77%
  • Nvidia Corp (NVDA): Alice Huang’s Cos Promised Deepseek Nvidia Chips; -5.23%
  • Palo Alto Netwrk (PANW): -5.11%
  • Micron Tech (MU): -4.3%
  • Oracle Corp (ORCL): -2.44%
  • SpaceX (SPCX): +1.42%

Among the largest-capitalization names, declines outnumbered gains, with SpaceX the notable exception posting a small positive move.


Large-Cap Movers (Market Cap: $10-$200B USD)

  • Millicom Intl Cell (TIGO): -11.13%
  • CoreWeave (CRWV): -8.79%
  • Super Micro Compu (SMCI): -8.08%
  • Tempus AI (TEM): -7.01%
  • MicroStrategy Inc (MSTR): -6.41%
  • SanDisk Corp-Exch (SNDK): -5.68%
  • Dr Pepper Snapple (KDP): -5.75%

Large-cap technology and software-related names contributed several of the session’s larger percentage declines within this bracket.


Mid-Cap Stock Movers (Market Cap: $2-$10B USD)

  • Corteva (CTVA): Corteva shares fall 6% on worse-than-expected Q3 results; -23.52%
  • GDS Holdings Ltd (GDS): -16.59%
  • Churchill Capital XI (AGLT): JPMorgan initiates Agility Robotics stock at neutral on execution risk; -16.54%
  • Digi International (DGII): -14.39%
  • Veradermics Inc (MANE): -11.24%
  • Inflection Point Acquisition (LUNR): Intuitive Machines stock soars 11% on earnings beat, strong guidance; +11.66%

Mid-cap moves featured both company-specific results and analyst-initiated notes cited within the reported items. Corteva and several technology and industrial names were among the steeper decliners, while one merger-acquisition vehicle tied to Intuitive Machines noted a double-digit gain tied to reported earnings strength and guidance.


Small-Cap Stock Movers (Market Cap: $300M-$2B USD)

  • Cardinal Infrastructure Group Ltd (CDNL): -59.44%
  • Willow Lane Acquisition (BRUN): -23.24%
  • Rodgers Silicon Valley Acquisition (ENVX): -21.15%
  • Ivanhoe Capital Acquisition (SES): -19.98%

Small-cap names delivered some of the session’s most extreme percentage losses, including a near-60% drop for Cardinal Infrastructure Group Ltd.


The lists above compile the largest movers of the day grouped by market-cap category. Several entries include the brief contextual notes that were reported alongside the price moves, such as company earnings outcomes and analyst actions.

Readers should note that the movements cover a cross-section of sectors including technology, semiconductors, consumer beverages, agribusiness and infrastructure, and that the size of the move can reflect a range of drivers from company-specific news to analyst calls.

Risks

  • Earnings results can drive sharp share-price moves - exemplified by Corteva’s worse-than-expected Q3 results cited alongside a significant decline, affecting the materials and agribusiness sector.
  • Analyst coverage changes or initiation notes may prompt abrupt re-pricing - as illustrated by the JPMorgan initiation referenced with Churchill Capital XI/Agility Robotics and the mid-cap movement, impacting robotics and related industrial stocks.
  • Small-cap listings may experience outsized percentage swings, increasing market and liquidity risk for investors in lower-cap infrastructure and special-purpose acquisition vehicles.

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