Nvidia Shares Plunge at Thursday's Open, Down More Than 14% Intraday as Market Value Dips Below $4 Trillion
NVIDIA shares plunged at the open on Thursday, November 12, on the Nasdaq. The stock closed the previous session at $173.73, opened at $151.01 and fell as low as $148.80 intraday, a drop of more than 14% from the previous close that briefly took the company's market value below $4 trillion. By 10:07 a.m. Eastern time, the shares had recovered to $160.43, narrowing the loss to about 7.7%, with a market value of about $4.07 trillion.
The selloff followed the company's early-morning leadership upheaval. NVIDIA announced on November 12 that its board had accepted Jensen Huang's resignation as president, chief executive officer and director, effective immediately, and that Executive Vice President and Chief Financial Officer Colette Kress would serve as interim chief executive while remaining CFO, with a formal search under way. The company gave no reason for the resignation.
The stock has been sliding since early November: market data show a cumulative decline of about 19.8% over the past five sessions, and a larger pullback from its early-October highs. Ratings had already been cut, with Baird this week downgrading NVIDIA to Neutral and slashing its price target to $200 from $500.
The next focal point is earnings: NVIDIA's third-quarter results are scheduled for Tuesday, November 17, to be released at about 1:20 p.m. Pacific time with a conference call at 2 p.m. How the interim leadership addresses the transition and what comes next will be the question investors watch.
Source: NVIDIA
Published by GSM · USA (original Chinese edition)
Photo: 图：英伟达创始人黄仁勋2026年4月30日在斯坦福大学出席对谈（资料图）。Anderseidesvik 摄，CC BY-SA 4.0，经 Wikimedia Commons，本站档案图复用。 / Photo: Nvidia founder Jensen Huang at a Stanford University talk on April 30, 2026 (file photo). Photo by Anderseidesvik, CC BY-SA 4.0, via Wikimedia Commons; GSM archive reuse.
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