Nvidia dropped 14% at Thursday's open after Jensen Huang resigned, erasing $600B+ in value and taking its market cap below $4T for the first time since 2025 (Bloomberg)
Nvidia experienced a severe drop during Thursday morning trading on November 12, 2026. The sell-off occurred immediately after Jensen Huang announced his resignation from the company. The resulting 14% decline eliminated over $600 billion in shareholder value within a short period. This sharp downturn pushed the chipmaker's total market capitalization below the $4 trillion mark.
Key points
The sharp stock sell-off occurred directly following the sudden resignation of Jensen Hua…: The sharp stock sell-off occurred directly following the sudden resignation of Jensen Huang.
Market capitalization for the firm dropped beneath four trillion dollars for the first ti…: Market capitalization for the firm dropped beneath four trillion dollars for the first time since 2025.
The dramatic market downturn was officially recorded during trading on November 12, 2026.: The dramatic market downturn was officially recorded during trading on November 12, 2026.
Sources checked by our analysis pipeline: 1
Nvidia Newsroom: |
New York Times: |
Hayden Field / The Verge: |
Lingling Wei / Wall Street Journal: |
Semafor: |
Bloomberg: |
Adam Satariano / New York Times: |
Michael Acton / Financial Times: |
Jonathan Weil / Wall Street Journal: |
Reuters: |
Axios: |
Jess Weatherbed / The Verge: |
Financial Times: |
Jennifer Pattison Tuohy / The Verge: |
Julian Chokkattu / Wired: |
Sam Biddle / The Intercept: |
Janko Roettgers / Lowpass: |
Todd Bishop / GeekWire: |
Ruxandra Teslo / Ruxandra's Substack: |
Gao Yuan / Bloomberg: |
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