US stocks moved higher on Wednesday as Nvidia and other chipmakers rebounded, while investors reassessed expectations for a potential Fed rate hike next month and cryptocurrencies declined. 

As of 10:50 AM ET, the Dow hovered near flat, while the S&P 500 gained 1.01% and the Nasdaq Composite advanced 1.5%. Nvidia recovered after two consecutive sessions of heavy losses but remains down approximately 14% in November, wiping out nearly $700 billion in market value. 

Meanwhile, the 10-year Treasury yield briefly topped 5% on Tuesday following hotter-than-expected inflation data. US stock markets remained open for Veterans Day, while bond markets were closed.

Top Movers: Under $10 

Nuburu Inc (BURU) is up 29.22% today to trade at the current level of $0.26. This comes after the company's subsidiary Tekne submitted proposals to two U.S. Army xTech competitions, while NUBURU explores NATO procurement opportunities.

Tempest Therapeutics Inc (TPST) zoomed 16.19% in today’s trade to $0.43 after announcing that it has secured an exclusive worldwide (excluding China) license from Senlang Biotechnology to develop and commercialize its CD7-targeted in vivo CAR-T platform and related therapies.

In current trading, INLIF Ltd (INLF) stock is at $0.69 after announcing that its subsidiary, Ewatt, signed a three-year product procurement and supply agreement with Jinjiang Hengsheng Toys Co., Ltd. on November 2, 2026.

Intercont (Cayman) Ltd (NCT) rose 51.63% in the early hours of today's trading to move at $0.62 after announcing that it will effect a share consolidation of its ordinary shares at a ratio of 8-for-1, effective as of November 16, 2026.

In the current trading session, PepGen Inc (PEPG) jumped 22.99% to $5.67 over a previous close of $4.61 on encouraging early clinical data for its muscular dystrophy treatment.

Ex-Dividend Stocks

Leonardo DRS Inc (DRS) is about to trade ex-dividend tomorrow, meaning that investors who buy the stock after tomorrow will not be eligible for the next dividend payment. The company's next dividend payment will be $0.09 per share. It has set November 12 as the record date for the same and will pay the actual dividend on November 25. Last year, the company distributed a total of $0.36 to its shareholders. Based on last year's worth of payments, DRS has a trailing yield of 0.99% on the current stock price of $36.53.

Another stock that is shelling out dividends tomorrow is Aebi Schmidt Holding AG (AEBI), having a market capitalization of $866.83M. It will pay a dividend of $0.03 per share, the payment date of which is December 17. Currently, the stock is trading at a trailing dividend yield of 0.67%.

Shares of Provident Financial Holdings Inc (PROV) will be the talk of the stock market on Thursday as the stock will turn ex-dividend. The company's next dividend payment will be $0.14 per share, and in the last 12 months, it paid a total of $0.56 per share. Last year's total dividend payments show that PROV has a trailing yield of 3.09% on the current share price of $18.12.

SBA Communications Corp (SBAC) is also set to go ex-dividend tomorrow. The next dividend payment from SBAC will amount to $1.25 per share. November 12 has been designated as the record date for this dividend, with the actual payout scheduled for December 10. In the previous year, SBAC distributed a total of $4.86 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for SBAC stands at 2.54% based on the current stock price of $191.43.

Smithfield Foods Inc (SFD) will be paying out a dividend of $0.31 per share to shareholders holding their shares as of the close of the business hours on the record date of November 12. Over the past 12 months, SFD has paid out a total of $1.19 per share in dividends. Based on the total dividends paid out last year, SFD boasts an impressive trailing yield of 6.16% on the current share price of $19.25.

Crypto Market Highlights

• Pro-crypto US Representative Tom Emmer has been elected House Republican minority whip, securing the party’s second-highest leadership position.

• LNbits has urged users to update immediately following attacks on its Bitcoin Lightning wallet instances that resulted in stolen funds.

• Project Faro has secured $270 million from 21 financial institutions to launch a US dollar stablecoin in the first half of 2027.

• Plume affiliate Kimber Digital Securities has registered as an SEC broker-dealer and joined FINRA.

•  Mercado Bitcoin will resume Brazilian real deposits and withdrawals via Pix next week, following a $49 million wallet attack.

Most Shorted Stocks

Wendy's (WEN) was one of the most shorted stocks as of latest short interest figures, with 31.17% short interest. The days-to-cover ratio, a measure of how long it would take to cover all short positions based on average trading volume, is 5.9. This represents a -2,980,385 share decrease, or 5.70%, in short interest. The total value of the shares held short is estimated to be around $355.24 million. The average daily volume stands at 7.71M shares, and the market capitalization of the company is $1.59B.

The Upstart with the symbol UPST currently has a short interest of 32.40%. The short interest has changed by -383,434 shares. The days to cover ratio stands at 7.9. The estimated value of the shares held short is approximately $610.08 million. On an average day, 4.43M shares are traded, with the company's market capitalization totaling $2.02B.

For the stock indie Semiconductor (INDI), the current short interest is at 28.24%. This represents a significant short interest change of -591,023 shares, corresponding to a short interest percentage decrease of -0.92%. The days needed to cover the short positions amount to 10.2. The approximate worth of the shares held short is $105.23 million.

With the symbol SRZN, the stock currently has a short interest of 40.82%. Short interest is up by 103,708 shares, a 4.72% change. It would take approximately 14.9 days to cover all the short positions. The short interest value is estimated to be around $99.63 million. The company boasts an average daily volume of 4.13M shares, contributing to a market capitalization of $143.87M.

The stock RIG has a current short interest of 31.00%. The short interest percentage has experienced an increase of 4.57% while there was a change of 13,653,250 shares in short interest. The ratio indicating the time required to cover short positions is 8.6. The calculated value of the shorted shares amounts to around $1.72 billion. Trading activity averages 43.16M shares per day, while the company's market capitalization stands at $5.74B.

Buffett's Last Warning as CEO: A Currency "Really Going to Hell"

If you have $50k or more tied to the dollar, this is worth ten minutes.

On May 3, 2025, at his final annual meeting as Berkshire's CEO, Warren Buffett said: "We wouldn't want to be owning anything that we thought was in a currency that was really going to hell, and that's the big thing we worry about with the United States currency."

The man who built a fortune in dollars for sixty years is worried about them.

Federal debt is now above $40.5 trillion. The IMF's 2026 baseline puts US general government debt at 125.8% of GDP.

Buffett's own answer was to consider other currencies. There is another option: assets that settle outside the dollar banking system, where you hold the keys.

See how to hold assets outside the dollar system >

AI Stocks to Watch

According to our ST Score evaluation, Tower Semiconductor Ltd (TSEM) emerges as a high-quality stock in the AI industry, attaining an impressive score of 55. The stock's profitability, performance, financial strength, and Piotroski Score are strong. Additionally, it is neutral in terms of growth, stock sentiment, and forecast.

Our ST Score also classifies Taiwan Semiconductor Manufacturing ADR (TSM) as a high-quality AI stock today, presenting a Score of 55. The stock has strong fundamentals in terms of profitability, growth, and Piotroski Score. The performance, financial strength, stock sentiment, and forecast are neutral.

Another stock in the category, Twilio Inc (TWLO) has the ST Score of 51, which means that the stock carries the potential for higher returns. The stock is strong in profitability, financial strength, and Piotroski Score. Performance, growth, stock sentiment, and forecast suggest a neutral outlook.

Seagate Technology Holdings Plc (STX) stock has the ST Score of 54, which implies that the AI company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, growth, and Piotroski Score, but its weaknesses are in its financial strength. However, it shows a neutral outlook in stock sentiment and forecast.

NICE Ltd ADR (NICE) currently has the ST Score of 59, which signifies a huge upward potential. The AI stock's strong points are its profitability and Piotroski Score, while its weak points are its stock sentiment and forecast. The stock's performance, growth, and financial strength indicate a neutral outlook.

That's it for today. Thanks for reading. Good luck out there!

Best Regards,

Stocks Telegraph Team