Investor Focus: Nvidia CEO Crisis, Anthropic IPO Valuation, and Undervalued UK Stocks After Earnings

• Newsletter covers Nvidia's CEO shakeup and Anthropic's upcoming IPO from multiple angles • Fidelity's Solomakhin holds a net short tech position, citing an overcrowded AI trade • Oil stocks, Siemens Energy, and undervalued UK large caps also featured This week's Morningstar newsletter leads with Jensen Huang's resignation and its implications for Nvidia's valuation ahead of its Nov. 17 earnings, alongside a multi-angle look at Anthropic's upcoming IPO and whether opportunities remain for investors who miss the offering. Skepticism about the AI boom is growing: Fidelity fund manager Dmitry Solomakhin, who holds net short exposure to tech, says he's targeting companies that aren't real businesses or have become overvalued purely on AI hype. Elsewhere, European oil stocks have benefited this year as the Iran war—a factor in November's midterms—keeps prices volatile. Siemens Energy raised its profit targets through 2030, boosted by European data-center growth, raising questions about whether its shares are still attractive after a recent rally. UK large caps, despite strong earnings from Persimmon and Burberry, still broadly screen as undervalued. The ETF section updates FTSE 100 access options and features analyst Kenneth Lamont's picks among global equity ETFs.