Jensen Huang out and Nvidia stock down, CNBC reports on Thursday
CNBC reported Nov 12 that Jensen Huang is out and Nvidia stock fell 5% on Thursday; market professionals differed on whether the drop signals selling or a buying opportunity.
Developing storyNvidia board convenes amid reports about Huang4 reports · latest 29 min agoTimeline →What happened
CNBC reported Nov 12, 20:01 UTC that Jensen Huang is out and Nvidia stock is down, framing the development around how market professionals view buying dips. The story concerns Nvidia and its share performance following the leadership change. CNBC said Nvidia stock fell 5% on Thursday following the departure of CEO Jensen Huang, and that some see it as a signal to sell while others see it as an opportunity to buy.
Stocks market context
As of Nov 12, 21:00 UTC, the SPY ETF was $757.12 and fell 0.35% from the prior close, the QQQ ETF was $688.17 and fell 0.32% from the prior close, NVIDIA was $166.19 and fell 4.34% from the prior close; Apple was $354.88 and fell 0.21% from the prior close; Microsoft was $523.00 and rose 0.36% from the prior close; Amazon was $267.44 and rose 0.48% from the prior close — figures from Finnhub.
| Instrument | Last | Change | Basis | As of | Source |
|---|---|---|---|---|---|
| S&P 500 (via SPY ETF) | $757.12 | -0.35% | vs prior close | Nov 12, 21:00 UTC | Finnhub |
| Nasdaq 100 (via QQQ ETF) | $688.17 | -0.32% | vs prior close | Nov 12, 21:00 UTC | Finnhub |
| NVIDIA | $166.19 | -4.34% | vs prior close | Nov 12, 21:00 UTC | Finnhub |
| Apple | $354.88 | -0.21% | vs prior close | Nov 12, 21:00 UTC | Finnhub |
| Microsoft | $523.00 | +0.36% | vs prior close | Nov 12, 21:00 UTC | Finnhub |
| Amazon | $267.44 | +0.48% | vs prior close | Nov 12, 21:00 UTC | Finnhub |
| Alphabet | $298.70 | +1.79% | vs prior close | Nov 12, 21:00 UTC | Finnhub |
| Meta Platforms | $623.61 | -0.82% | vs prior close | Nov 12, 21:00 UTC | Finnhub |
| Tesla | $397.45 | +1.69% | vs prior close | Nov 12, 21:00 UTC | Finnhub |
| JPMorgan Chase | $342.82 | -0.17% | vs prior close | Nov 12, 21:00 UTC | Finnhub |
Related coverage
Yahoo reported a headline titled "Nvidia CEO Jensen Huang Resigns. The Stock Is Diving." that said CFO Colette Kress will take over as chief executive on an interim basis and the board has begun a search for a permanent CEO. Yahoo also reported the stock was down about 8% in after-hours trading and ran coverage noting chip giants Broadcom and AMD rose while other AI trade-related names did not fare as well.
- Jensen Huang is out and Nvidia stock is down—what market pros say about buying dips — CNBC, Nov 12, 20:01 UTC
- Nvidia Stock Tumbles. Jensen Huang Could Be Out Soon. — Yahoo, Nov 12, 01:06 UTC
- SoFi chief market strategist on an Nvidia without Jensen Huang: 'What happens without the visionary?' — Yahoo, Nov 12, 15:40 UTC
- Nvidia CEO Jensen Huang Resigns. The Stock Is Diving. — Yahoo, Nov 12, 15:05 UTC (also reported by Cointelegraph)
- Nvidia stock tumbles as CEO Jensen Huang steps down, dragging down other AI names — Yahoo, Nov 12, 13:39 UTC
Sources and data
- CNBC (secondary source) — Jensen Huang is out and Nvidia stock is down—what market pros say about buying dips
- Yahoo (secondary source) — Nvidia Stock Tumbles. Jensen Huang Could Be Out Soon.
- Finnhub (market data) — market data
Market data as of Nov 12, 21:00 UTC; report generated Nov 12, 23:40 UTC. All times are UTC. Each table row shows its own timestamp and provider.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.
Terms in this article
Exchange-traded fund (ETF)
A fund that trades on a stock exchange like a share, usually tracking an index, sector, commodity or strategy.
S&P 500
A float-adjusted, market-cap-weighted index of about 500 leading US companies selected by a committee at S&P Dow Jones Indices.
Price-to-earnings ratio (P/E)
Share price divided by earnings per share.
Sources & data
- CNBC (secondary, retrieved Nov 12, 2026, 11:42 PM UTC)
- Yahoo (secondary, retrieved Nov 12, 2026, 11:42 PM UTC)
- Finnhub (market-data, retrieved Nov 12, 2026, 11:42 PM UTC)
Market data as of Nov 12, 2026, 09:00 PM UTC.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.
Ask about this story
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MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.
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