Nvidia shares fell after Huang's departure, while AMD and Broadcom gained over 5%
Nvidia shares closed trading on November 12 with a 4.34% decline following Jensen Huang's resignation, while AMD and Broadcom stocks rose by 5.9% and 5.5%, respectively.
At the close of the session, Nvidia's stock was priced at $166.19. The shares recovered part of the losses incurred at the start of trading. According to Vanda Analytics, cited by Reuters, retail investors purchased approximately $111 million worth of Nvidia shares within the first half-hour of the session.
Among companies providing cloud computing power for AI, Nebius stocks saw the most significant decline, losing nearly 17% after the company lowered its revenue forecast for 2026. The S&P 500 index ended the day down by about 0.35%.
Nvidia announced Huang's departure on November 12. The company is temporarily led by Chief Financial Officer Colette Kress. Nvidia plans to present its next quarterly report on November 17.
