Key Highlights

  • Nvidia (NASDAQ:NVDA) opened at USD 150.99, down 13.09%, and touched an intraday low of USD 148.80, down 14.35%, within a minute of the opening bell on November 12, 2026.
  • Buyers lifted the stock to about USD 165 by late morning, and it closed at USD 166.19, down 4.34% from the USD 173.73 close on November 11.
  • The close sits about 31% below the record of USD 239.24 set on October 6, a Bear Market by the usual 20% definition.
  • After hours the shares traded near USD 167.84, up about 1%, leaving the Market Value near USD 4 trillion.

A Plunge That Fed on Itself

The stock had already fallen about 8.5% to roughly USD 159 before the company confirmed Jensen Huang's resignation at 8:48 AM ET, because media reports the previous evening said the board was preparing to remove him. At the 9:30 AM open the price printed USD 150.99, and the low of USD 148.80 arrived at 9:31 AM, a drop of 14.35% from Wednesday. Heavy opening volume, forced selling by leveraged holders and a rush of orders for a stock that sits in almost every large portfolio all added to the speed. The decline pulled the Nasdaq and the S&P 500 lower in the first minutes and briefly took the broad index down by nearly 1%. Market makers also faced a sharp imbalance of orders in the first seconds, which widened spreads and exaggerated the print. Such openings frequently overshoot, and the rebound that followed suggests that the first prices reflected forced and panic selling more than a considered Revaluation of the business.

Why Dip Buyers Stepped In

Within two hours the shares had recovered most of the opening loss, trading near USD 165, and they held between USD 164 and USD 166 for the afternoon. Several arguments helped. Reported Demand has not changed, and the company still guides third quarter fiscal 2027 Revenue to USD 108 billion, plus or minus 2%. The stock trades near 14 times forward earnings, about its lowest level in five years, against a five year average above 35 times. Interim Leadership under the finance chief offered continuity, and the results date of November 17 was kept. Still, the close was the lowest in weeks, and the failure to hold the early rebound suggests that investors want more clarity before they add. The afternoon drift to USD 163.94 near three o'clock showed that Supply had not disappeared, and some holders used the bounce to cut exposure. That balance between value buyers and sellers explains why the stock finished well off the low but still lower on the day, and why the next few sessions are likely to stay volatile around the November 17 report.

What the Day Did to the Wider Market

Nvidia's size means that a single stock can steer an index. The Nasdaq Composite closed down 0.39% at 25,366.09, the S&P 500 down 0.35% at 7,592.40, and the Dow down 0.36%, while the Russell 2000 fell 1.66% and sellers outnumbered buyers on the S&P 500 about three to one. Yet the damage was cushioned by large gains in AMD and Broadcom, which rose about 5.9% and 5.5% as investors weighed which rivals might gain share. Taiwan's market fell 2.63%, led by chip names, and Hong Kong's main index fell 1.26%, which shows how far the story travelled beyond US hours. Cisco and Applied Materials both reported after the close, and early reactions suggested that demand for AI related equipment remained firm, which supports the view that the selloff is about leadership and not about spending. The closing market value was roughly USD 4 trillion.

Where Things Stand

The next test is the open on Friday, when the after hours bounce meets Inflation data and a busy Federal Reserve speaking schedule. Beyond that, the November 17 Earnings report and any news on a permanent chief executive are the dates that can reset the range that now runs from USD 148.80 to the mid USD 160s.