{
  "id": 19824483,
  "title": "London-listed tech trusts suffer further losses after Nvidia fallout",
  "url": "https://urgent.news/2026/11/13/london-listed-tech-trusts-suffer-further-losses-after-nvidia-fallout",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-13T14:53:28.000Z",
  "source": {
    "name": "City AM",
    "slug": "city-am",
    "url": "https://www.cityam.com/london-listed-tech-trusts-suffer-further-losses-after-nvidia-fallout/"
  },
  "original_language": "en",
  "account": "London-listed technology trusts have experienced further declines following Nvidia's stock turmoil, triggered by CEO Jensen Huang's sudden departure. Shares of Nvidia opened 2.3% lower on Friday, after falling as much as 14.3% on Thursday, due to his resignation after 33 years. The decline affected tech-heavy indexes Nasdaq Composite Index and S&P 500. The crisis has hit London-listed technology investment trusts that heavily invested in Nvidia and other chipmakers. Manchester & London Investment Trust, with Nvidia, Micron and Broadcom as top holdings, lost nearly 20% of its value in the past month. Allianz Technology Trust and Polar Capital Technology Trust, both with Nvidia as their largest holding, saw a 13.2% and 13.3% drop in share prices respectively. Manchester & London's daily losses reached 1.5%, while Polar Capital plunged 1.5% and Allianz shed 1.2%. Over 40% of Polar Capital's portfolio is exposed to semiconductor stocks, making it vulnerable to mass sell-offs. The crisis also highlights concerns over US-listed tech's long-term sustainability, following a Democrat's midterm victory and debt-fueled hyperscaler build-out. In contrast, trusts with minimal exposure to US-listed tech, such as Finsbury Growth & Income Trust and Onward Opportunities, have seen their share prices rise.",
  "summary": "London-listed technology trusts suffered another bruising sell-off on Friday, after Nvidia’s shares were thrown into turmoil once more by Jensen Huang’s dramatic departure. Nvidia shares opened 2.3 per cent lower upon Friday’s opening bell, having plunged as much as 14.3 per cent on Thursday, following the resignation of its chief executive after 33 years at [...]",
  "key_points": [
    "London-listed tech trusts decline after Nvidia CEO Jensen Huang's sudden resignation",
    "Manchester & London Investment Trust loses nearly 20% in past month",
    "Over 40% of Polar Capital's portfolio exposed to semiconductor stocks"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}