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StocksMediumUpdated×2•Originally published 12 November 2026•Updated 12 November 2026•
1 min read

U.S. Futures Drop After Jensen Huang Resigns as Nvidia CEO

Key Facts

1Nvidia shares fell 8.6% in after-hours trading on November 11.
2Nvidia’s board announced an independent investigation on November 8, 2026.
3The U.S. consumer price index rose 0.4% in October, after 0.6% in September.
4Nvidia’s quarterly results are scheduled for release on November 17.

Nvidia CEO Jensen Huang has stepped down from his position, leading to expectations of a lower open for Wall Street indices on Thursday, November 12. The resignation follows reports that the company's board met to discuss leadership changes, which triggered an 8.6% drop in Nvidia shares during after-hours trading on Wednesday, November 11. Reuters reported that the board had convened to discuss Huang's removal prior to the official confirmation of his departure.

Nvidia shares closed at $173.73 on November 11, 2026, before the resignation news broke. This follows the board's appointment of attorney John Kim on November 10 to lead an independent investigation into reports that Huang was targeted by a foreign intelligence agency. While Micron shares fell about 2% and CoreWeave dropped 6%, AMD rose 4% and Broadcom gained 3% on November 12, showing divergent reactions across the semiconductor sector.

Nvidia is scheduled to report its quarterly results on November 17, 2026, providing an opportunity for the company to address its financial outlook and leadership transition. Additionally, U.S. Consumer Price Index data for November is due for release on December 10, 2026, which will offer broader market context following the recent volatility in technology stocks.

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