RB Markets · The desk · Friday 13 November 2026

Nvidia fell 2.01% more on Friday, a second session charged to Huang's exit

Nvidia closed down 2.01% on Friday, its second fall since Jensen Huang resigned as chief executive. Thursday's close had already taken 4.34% off the shares. CNBC reported that Friday's close left Nvidia's market value below $4 trillion for the first time since July 2025. The Nasdaq Composite fell 0.91% to 25,136.27. The S&P 500 slipped 0.4%, and the Dow edged up 0.1%.

Rivals did worse during the day. Around midday AMD was down roughly 9% and Broadcom 6%, Yahoo Finance reported. 24/7 Wall St. read the drop as a reversal of Thursday's bet on Nvidia's competitors.

The price counted a person. "Jensen is Nvidia," Bernstein analyst Stacy Rasgon said in remarks CNBC reported Thursday. Investors marked the firm down for losing its chief, a risk a ledger can see. Less visible is the question the brief's Thursday dispatch raised: who checks where the chips go after the sale. CNBC, citing the Financial Times, reported that Huang was involved with an executive at cloud company Megaspeed whom US intelligence officials believe spies for China. HSBC analyst Frank Lee wrote that "one possible outcome could be enhanced export restrictions."

No close separated that question from the succession shock and a wider chip selloff. The desk made no ruling on either eligible node. The tape will watch for a session that prices Nvidia's buyers rather than its chief.

Sources

RB Markets is analysis of how value is being measured and mismeasured. It is not investment advice.