Nvidia Slides Another 3.8% to About $160 at Midday as U.S. Stocks Surrender Early Gains; Nasdaq Down 1.42%

U.S. stocks gave up their early gains by midday on November 13, with Nvidia extending its slide in the second trading session after Jensen Huang's resignation. At about noon in New York, Nvidia traded at $159.92, down 3.77%, with an intraday low of $158.39; the stock had opened higher and briefly touched $170 before turning down. Nvidia has now fallen about 8% over the two sessions since Wednesday's close.

All three major indexes surrendered their morning advances. In a Reuters intraday snapshot at 10:16 a.m. ET, the Dow Jones Industrial Average was down 0.41% at 52,081.40, the S&P 500 was down 0.93% at 7,519.10, and the Nasdaq Composite was down 1.42% at 25,006.20; the Nasdaq 100 fell about 2%, with chip and super-intelligence infrastructure stocks leading the decline. The benchmark 10-year U.S. Treasury yield rose to 5.17%, a four-week high.

Nvidia had closed down 4.34% at $166.19 on Thursday. According to Dow Jones Market Data, the shares are on pace for their lowest close since July 2025. Nvidia is scheduled to report third-quarter results after the close on November 17.

October producer prices, released in the morning, rose 0.3% from September, below the 0.4% forecast, and briefly lifted early trading; the softer reading did not reverse the selling in technology shares, as investors weighed still-elevated inflation and the Federal Reserve's December rate path.

Related: Jensen Huang Resigns as NVIDIA CEO, Effective Immediately: CFO Colette Kress Named Interim CEO as Board Launches Search

Related: U.S. Stocks Close Lower: S&P 500 Falls 0.35% to 7,592 and Nasdaq 0.39% as Nvidia Drops 4.34% to $166.19

(Source: Reuters)

Source: Reuters

Published by GSM · USA (original Chinese edition)

Photo: 图：英伟达总部大楼（加州圣克拉拉）。Coolcaesar 摄，CC BY-SA 4.0，经 Wikimedia Commons。 / Photo: Nvidia headquarters in Santa Clara, California. Photo by Coolcaesar, CC BY-SA 4.0, via Wikimedia Commons.

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