Nvidia stock (NASDAQ: NVDA) closed at $166.19 on Thursday, November 12, falling 4.34% after longtime CEO Jensen Huang resigned amid growing controversy over his personal relationships and potential national security concerns. Shares briefly dropped more than 14% during trading before recovering some losses, leaving investors focused on the company’s leadership transition and upcoming earnings report.
The semiconductor giant has lost approximately 26% of its market value over the past month, with its market capitalization falling to around $4 trillion. Its latest decline also weighed on broader technology stocks ahead of Friday’s trading session.
Why Is Nvidia Stock Falling Today?
Nvidia confirmed Huang’s departure in an official announcement on November 12, ending his 33-year leadership of the company he co-founded in 1993.
Don’t miss the best of The Mac Observer
Set us as a preferred source and our Apple reporting ranks higher in your Google Search results and Discover feed — one tap, no account changes.
Chief Financial Officer Colette Kress has taken over as interim CEO while Nvidia searches for a permanent replacement. The company also appointed Harvey Jones as board chair.
The leadership shakeup follows an independent investigation into Huang’s reported personal relationships, including allegations involving a woman suspected of having ties to Chinese intelligence.
Investors had already reacted to reports of Huang’s possible removal, which triggered an 8.6% after-hours decline earlier this week.
Meanwhile, Nvidia’s relationships with AI infrastructure companies, including CoreWeave and Nebius, face increasing scrutiny over financing arrangements and the sustainability of AI spending, according to Reuters.
Nvidia Stock Price and Market Performance
| Metric | Latest figure |
|---|---|
| November 12 closing price | $166.19 |
| Daily change | -4.34% |
| Intraday low | $148.80 |
| Intraday high | $167.14 |
| Market capitalization | Approximately $4.01 trillion |
| Next earnings report | November 17, 2026 |
What Comes Next for NVDA Stock?
Nvidia will report its fiscal third-quarter 2027 earnings on November 17, giving investors their first major financial update following Huang’s departure.
The report will help investors assess AI chip demand, data center revenue growth, profit margins, and management’s spending outlook.
Leadership uncertainty could also affect Nvidia’s partnerships and long-term technology strategy, particularly as competitors expand their AI hardware offerings.
The company’s search for a permanent CEO has already attracted attention around possible candidates, including Apple hardware chief Johny Srouji.
For Friday, November 13, investors will watch whether Nvidia shares stabilize after Thursday’s sharp recovery from their intraday lows, while next week’s earnings remain the biggest scheduled catalyst for NVDA stock.
Discussion