By William Collins, consultant in stock markets – Eurasia Business News, November 12, 2026. Article no 3261
Nvidia shares tumbled Thursday, November 12, after Jensen Huang resigned as chief executive, forcing investors to reassess the company’s leadership and its central position in the artificial intelligence economy. Finance chief Colette Kress will serve as interim CEO while Nvidia searches for a permanent successor, the company said.
The announcement triggered selling across parts of the AI ecosystem, although rivals AMD and Broadcom advanced. Meanwhile, gold extended its decline, crude oil weakened in early trading, and European natural gas prices rose as winter supply concerns persisted. All market figures below are intraday snapshots, not closing prices.
U.S. stocks traded lower in the November 12, with technology shares showing the greatest weakness among the major indexes. The Nasdaq fell 176.62 points, or 0.69%, to 25,289.57, while the S&P 500 dropped 27.94 points, or 0.37%, to 7,591.44. The Dow Jones Industrial Average was nearly unchanged, slipping 11.01 points, or 0.021%, to 52,475.48.
The Dow’s intraday chart shows a volatile opening, with an initial advance followed by a sharp decline toward 52,350 and a partial recovery. Despite that rebound, the index remained marginally below its previous close. .
Losses extended beyond equities. Gold declined 3.09% to $3,864.71, while Bitcoin fell 3.58% to $71,299.09, making it the weakest asset displayed by percentage change. Crude oil was comparatively stable at $86.47, down approximately 0.073%. Overall, the chart captures uneven selling pressure across stocks and alternative assets, rather than a uniform decline across every market shown here.
Nvidia Stock Falls as Investors Reassess the AI Trade
Nvidia’s leadership change introduced a different challenge from the recent debate over AI infrastructure spending. Investors now must distinguish the durability of the company’s products, customer relationships and competitive advantages from the influence of its longtime chief executive.
An opening-market snapshot showed Nvidia trading at $156.85, down 9.7%. The decline followed Wednesday evening’s sharp selloff and intensified uncertainty across businesses closely connected to Nvidia’s technology and financing ecosystem.
Reuters reported that the resignation followed a deepening scandal involving Huang’s alleged relationships. The corporate development is his departure and Kress’s interim appointment; separate allegations should not be treated as proof of espionage, disclosure of confidential information or wrongdoing beyond established findings.
For shareholders, the immediate questions concern succession, customer confidence and strategic continuity. A leadership shock does not automatically establish weaker demand for Nvidia’s chips, but it can change the premium investors are willing to pay for future growth.
Stock Market Today: AI Weakness Meets Rival Gains
Thursday’s trading showed that investors were not treating every AI company alike. Reuters reported declines across global AI-linked shares, while AMD and Broadcom rose on expectations that disruption at Nvidia could create opportunities for competitors.
That divergence matters. Selling in Nvidia-linked businesses alongside gains in competing chipmakers suggests at least some investors were reallocating exposure within the sector rather than abandoning AI altogether. It remains a market interpretation, not evidence that customers have already shifted orders.
The session also followed a strong Wednesday rally. CoreWeave’s earnings had helped revive enthusiasm for AI infrastructure, but its shares reversed sharply Thursday as Nvidia’s leadership crisis changed the immediate narrative. Reuters reported an intraday CoreWeave decline of 13.6% after a gain exceeding 27% the previous session.
Five Stocks Rising and Five Stocks Falling
The following opening-market snapshot provides five gainers and five decliners on November 12. These percentages describe one point in the session and differ from later quotations.
| Five rising stocks | Opening move | Five falling stocks | Opening move |
|---|---|---|---|
| Broadcom | +4.4% | CoreWeave | −11.1% |
| AMD | +2.0% | Nvidia | −9.7% |
| Allstate | +1.8% | Opendoor Technologies | −9.5% |
| McDonald’s | +1.7% | Digital Turbine | −7.0% |
| GoPro | +1.7% | IREN | −6.6% |
The figures come from a published opening-session market snapshot, not an exchange-wide ranking of the day’s biggest movers.
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Later reporting showed Broadcom rising as much as 6% and AMD approximately 3%, illustrating how quickly the relative winners changed. Nvidia-backed CoreWeave and fellow cloud provider Nebius remained under pressure.
Colette Kress Takes Over as Interim CEO
Kress’s appointment provides an immediate management bridge, but an interim arrangement does not resolve the permanent succession question. Reuters confirmed that Nvidia is seeking a lasting replacement while its finance chief leads the company temporarily.
Investors will watch for clarity on responsibilities, continuity of product development and communication with major customers. They will also examine whether the transition affects Nvidia’s relationships with cloud providers and other infrastructure businesses.
The distinction between operational performance and valuation remains essential. Nvidia could retain strong commercial demand while its stock trades at a lower valuation because investors perceive greater leadership or execution risk.
Oil Prices Today: Brent and WTI Retreat
Oil prices weakened in early Thursday trading as traders balanced geopolitical risks against expectations for de-escalation.
At 04:26 GMT:
- Brent crude futures fell $1.47, or 1.58%, to $91.29 per barrel.
- WTI crude futures declined $1.24, or 1.43%, to $85.29 per barrel.
These early quotations should not be presented as afternoon prices or final settlements. They showed crude moving lower even as European natural gas strengthened, underscoring the different immediate pressures affecting the two energy markets.
Gold Price Today According to Kitco News
Gold extended its losses as dollar strength and expectations for additional Federal Reserve tightening pressured precious metals. Kitco’s early U.S. report placed spot gold at $3,890.46 per ounce, down 2.38%.
A subsequent Kitco update after the 10 a.m. Eastern Time housing release quoted spot gold at approximately $3,864.78 per ounce, down 3.08%. That later quotation showed selling deepening rather than a recovery taking hold.
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The decline demonstrates that technology-market uncertainty did not automatically produce a gold rally. Monetary-policy expectations and currency movements remained powerful competing influences.
European Gas Prices Rise on Winter Supply Concerns
European gas moved against crude’s early decline. The Dutch TTF front-month contract gained 2% to €88.42 per megawatt-hour, while Britain’s NBP contract rose 1.7% to 219 pence per therm.
Winter supply anxiety supported prices despite broader geopolitical de-escalation hopes. For investors, Thursday’s central theme was therefore divergence: Nvidia-linked shares weakened, selected rivals gained, gold fell and European gas strengthened. A single “risk-on” or “risk-off” label could not adequately describe the session’s competing forces.
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© Copyright 2026 – Eurasia Business News. Article no. 3262
