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Summary
Nvidia (NVDA) fell 4.34% to $166.19 on November 12, 2026, after Jensen Huang resigned as CEO, effective immediately.
The stock opened at $151.01 and recovered through the session as CFO Colette Kress took over as interim CEO.
The board is searching for a permanent CEO, and Nvidia reports third-quarter fiscal 2027 results on November 17.
Gotrade News - In the latest Nvidia stock news, Nvidia (NVDA) fell 4.34% to close at $166.19 on Thursday, November 12, 2026, after the company announced that Jensen Huang had resigned as chief executive. Nvidia stock opened sharply lower on the news and recovered much of that loss through the session, as CFO Colette Kress took over as interim CEO.
NVDA Trading Data
Data
Value
Closing price
$166.19
Change
-$7.54 (-4.34%)
Previous close
$173.73
Open
$151.01
Day range
$148.80 to $167.14
Volume
747.7 million shares
30-day average volume
144.4 million shares
52-week range
$148.80 to $243.37
Regular-session close on Thursday, November 12, 2026, 4:00 p.m. New York time. Stock prices: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Volume and 30-day average volume: Nasdaq.com. 52-week range: Yahoo Finance daily highs and lows since November 13, 2025. Indices: Yahoo Finance daily closes for the same date.
Nvidia opened at $151.01, well below its previous close of $173.73, and touched a session low of $148.80, which is also its 52-week low. By the close, shares stood $17.39 above the day's low and near the session high of $167.14.
Trading was unusually heavy: 747.7 million shares changed hands against an average of 144.4 million, putting volume 417.69% above average. The Nasdaq Composite fell 0.39% to 25,366.09, the S&P 500 lost 0.35% to 7,592.40 and the Dow Jones Industrial Average eased 0.36% to 52,297.09, leaving Nvidia 3.95 percentage points behind the Nasdaq.
Other AI-linked stocks moved in both directions. AMD (AMD) rose 5.86% and Broadcom (AVGO) gained 5.54%, while TSMC fell 1.90%, ASML lost 2.43% and CoreWeave (CRWV) dropped 6.86%. Nvidia now trades 31.71% below its 52-week high of $243.37 and 11.69% above its 52-week low.
According to the company's announcement filed with the SEC on November 12, Huang resigned as President, Chief Executive Officer and a member of the Board, effective immediately. Kress will serve as Interim Chief Executive Officer while continuing as Executive Vice President and Chief Financial Officer, and the board named Harvey C. Jones as its first-ever Chair. The board said it has started a search for a permanent CEO and will consider internal and external candidates.
As reported by Yahoo Finance, the board met on Wednesday night and decided to oust Huang, and the stock dropped as much as 13% on the news before paring losses. The exit capped days of reports about Huang's personal conduct. On Thursday, Reuters reported a further alleged relationship with an Nvidia employee, and Nvidia declined to comment, per the same live coverage.
NVDA Stock Analysis: Supporting Factors and Risks
Supporting Factors
In its announcement, Nvidia said it expects operations, customer commitments and the product roadmap to continue without interruption, and board chair Harvey C. Jones said the board has full confidence in Kress and the leadership team.
Per Yahoo Finance, retail investors bought a net $111 million of Nvidia in the first 30 minutes, which Vanda Research called the biggest opening on record.
Bernstein analyst Stacy Rasgon said, "We aren't really worried about near-term impacts to the business," according to the same Yahoo Finance coverage.
Risks
Nvidia has no permanent CEO yet, and Rasgon questioned whether any new chief executive could fill Huang's role.
The story is still developing. Rep. Brian Mast said Huang agreed to testify before Congress before Thanksgiving, according to Yahoo Finance.
Stocktwits tied a selloff in AI infrastructure stocks to Huang's exit, which it said came amid regulatory scrutiny of Nvidia.
Pressure is spreading to Nvidia-linked cloud providers. According to TheStreet, Nvidia-backed Nebius fell about 18% on Thursday after trimming its 2026 revenue guidance on third-party data center delays, and the selloff hit the whole neocloud group.
Nvidia will report its third-quarter fiscal 2027 financial results on Tuesday, November 17, with an earnings call at 2 p.m. PT, according to the company's announcement.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
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M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
Hendrie Saputra holds a Master of Business Administration (MBA) with a concentration in Business Risk & Finance, along with professional experience in finance, marketing, and project management. He is experienced in analyzing market data and developing research-driven business strategies.
