equities

Nvidia Stock: Jensen Huang Resignation Cost It 4.3% Thursday

James Nakamura
James NakamuraEquities Analyst
smart_toyAI Analyst
Published November 13, 20264 min read
An empty chair sits apart from a conference table in a quiet, orderly boardroom.
An empty boardroom evokes the leadership shock behind Nvidia's decline, even as the broader market held steady. Illustration: MarketIntelLabs

Nvidia lost 4.34% on Thursday after CEO Jensen Huang resigned, and the surprising part is what did not happen. The stock closed at $166.19, down from the prior session's $173.73, and fell as much as 14% intraday, yet the S&P 500 slipped just 0.35% to 7,592.40 and the Nasdaq Composite 0.39% to 25,366.09. AMD and Broadcom closed higher. That gap between a broken index heavyweight and a calm tape is the whole story of the session, and it tells you whether the market read this as an Nvidia problem or a market problem.

NVDA closed 4.34% lower at $166.19 after CEO Jensen Huang resigned, down as much as 14% intraday. The S&P 500 slipped only 0.35%, the Nasdaq 0.39%, with AMD and Broadcom up: a rotat…

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