Nvidia CEO Jensen Huang Resigns; AMD and Broadcom Surge

Today's AI insights from 7horns.ai: Following the sudden resignation of Nvidia Chief Executive Officer Jensen Huang, our latest stock market analysis reveals a massive shock that sent Nvidia shares down 4.34% to $166.19, while rivals Advanced Micro Devices surged 5.86% to $585.30 and Broadcom climbed 5.54% to $364.36. This volatility, which dragged the Nasdaq Composite down 0.39% to 25,366, provides crucial trading insights for investors reassessing their market outlook and corporate earnings expectations. This rapid chipmaker rotation underscores the power of AI market intelligence, proving that data-driven investing and timely financial news are vital for navigating sudden leadership disruptions. AI insights powered by 7horns.ai. Visit 7horns.ai for your free daily AI market analysis.

You are listening to Seven Horns AI — your AI-powered market update. Good evening. Today is Thursday, November twelfth, twenty twenty-six, and the US stock market has just closed a volatile, high-volume trading session. At the closing bell, the major averages finished modestly lower, but the final numbers hide a massive intraday turnaround. The S&P five hundred ended down zero point three six percent, closing at seventy-five ninety-two. The Dow Jones Industrial Average also slipped zero point three six percent, to fifty-two thousand two hundred ninety-seven, while the Nasdaq Composite fell zero point three nine percent to twenty-five thousand three hundred sixty-six. Markets opened in a deep hole, with the Nasdaq sliding about one point four seven percent and the S&P five hundred down roughly zero point nine percent at the opening bell. However, buyers stepped in, driving a steady recovery throughout the afternoon to finish near the flat line. In after-hours trading, index tracking funds are essentially in line with today's close, showing moves of just two-hundredths of a percent, indicating the market is quietly holding its ground. The early selling pressure was triggered by a leadership shock at Nvidia. The company announced that founder and Chief Executive Officer Jensen Huang has resigned, effective immediately, following personal-conduct issues. Nvidia shares opened down about thirteen percent and fell as much as fourteen point three percent intraday before staging a massive recovery to close down just four point three four percent at one hundred sixty-six dollars and nineteen cents. This shock sparked a major rotation. Investors piled into rival chipmakers, with AMD climbing five point eight six percent to five hundred eighty-five dollars and thirty cents, and Broadcom gaining five point five four percent to three hundred sixty-four dollars and thirty-six cents. Conversely, highly leveraged artificial intelligence infrastructure firms got hit hard, with Nebius plunging sixteen point eight four percent and Super Micro falling eleven point three percent. Looking across the Pacific, Tokyo and other Asian markets will open shortly. Asian markets finished lower in their previous session, with Japan's Nikkei down zero point seven percent and the Taiwan Taiex losing two point six three percent as the epicenter of the chip selloff. However, with Wall Street clawing back most of its deep intraday losses today, and the US China Large-Cap ETF ticking up more than half a percent in late trading, traders heading into the Tokyo and Hong Kong opens should expect a more constructive, stabilizing tone. On the economic front, warm inflation data continues to ripple through markets. Monthly core consumer prices rose zero point three percent, while headline inflation rose zero point four percent. This has prompted bond traders to hawkishly reprice the Federal Reserve's path, with markets now pricing in an eighty-five percent probability of a rate hike in December. This hawkish shift weighed heavily on gold, with spot gold declining about one hundred forty dollars to settle near thirty-eight hundred ninety-one dollars an ounce, while crude oil jumped over three percent. Tonight, keep an eye on earnings from Cisco and Applied Materials for the first big read on enterprise spending post-shock. That's your market wrap for today. This has been a Seven Horns AI production. For more insights, visit us at seven horns dot a i. We'll be back tomorrow.