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StocksMedium•13 November 2026•
1 min read

Nasdaq Falls as Chip Stocks Slump After Nvidia CEO Resignation

Key Facts

1The Nasdaq fell 0.91% to close at 25,136.27 following the resignation of Nvidia CEO Jensen Huang.
2Nvidia shares lost 2.01% to end at $162.85, while the Philadelphia Semiconductor Index slumped 3.4%.

The Nasdaq Composite fell 0.91% to close at 25,136.27 following the resignation of Nvidia CEO Jensen Huang. Chosunbiz reported that Nvidia shares lost 2.01% to end at $162.85, while the Philadelphia Semiconductor Index slumped 3.4%.

Nvidia closed at $160.84 on November 13, 2026, amid a broader sector sell-off where TSM closed at $395.24 on the same day, while AMD had closed at $585.3 and INTC at $61.2 on November 12, 2026. Reuters reported that market uncertainty grew regarding whether Nvidia would maintain its investment stance in AI infrastructure following the leadership shake-up.

Federal Reserve Chair Kevin Warsh is scheduled to deliver a speech on November 16, 2026, an event that may provide further direction for technology and growth stocks.

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