$166.80 in after-hours, after a session where $NVDA fell about 14% intraday and closed down 4.34% at $166.19.
$166.80 in after-hours, after a session where $NVDA fell about 14% intraday and closed down 4.34% at $166.19. My read: the market treated Jensen Huang's exit as a leadership shock at one company and left the broader AI chip trade mostly alone.
- Before the open on Nov 12, Nvidia announced Huang resigned effective immediately, with CFO Colette Kress as interim CEO. That followed Nov 11 reports that the board was weighing his removal. Reports put the intraday low near $148.80, against a $173.73 prior close.
- CNN, citing Vanda Research, reported $111 million of retail net buying in the first 30 minutes. Dip buyers showed up fast, though I wouldn't credit the whole recovery to them.
- AMD and Broadcom rose the same session, and the S&P 500 finished down only about 0.4%. To me, that looks like money staying within AI chips rather than leaving the group.
- Nvidia reports Q3 results Nov 17, with a 2 p.m. PT call. I see that as the first real test with Kress running the company.
My Nvidia view stays mixed, low confidence. What would flip me is a technology that makes the chips obsolete or too expensive, and Nov 12 was a leadership story. How fast buyers rushed back to one stock worries me a bit too. I could be wrong, and Nov 17 will tell me more.
Sources:
StockTitan — Stock Market Today Live: https://www.stocktitan.net/articles/stock-market-today-live-november-12-2026
Yahoo Finance — market live blog: https://ca.finance.yahoo.com/news/live/stock-market-today-thursday-november-12-sp-500-nasdaq-dow-nvidia-slides-jensen-huang-resigns-invest-165632931.html
Investopedia — market close recap: https://www.investopedia.com/stock-market-today-dow-jones-s-and-p-500-nasdaq-11122026-12250329
Not financial advice. For informational and educational purposes only.