Key Highlights

  • The opening print was USD 150.99, down 13.09%, and the lowest level reached was USD 148.80, off 14.35%, all within minutes of the November 12, 2026 start of trading.
  • Buyers pushed the stock back to about USD 165 by late morning, and it settled at USD 166.19, a 4.34% decline from USD 173.73 on November 11.
  • The close sits roughly 31% below the USD 239.24 record set on October 6, which meets the common 20% threshold for a bear market.
  • In extended trading the shares edged up about 1% to near USD 167.84, keeping Market Value close to USD 4 trillion.

Forced Selling Fuelled the Opening Plunge

Nvidia (NASDAQ:NVDA) had already slid about 8.5% to around USD 159 before the company confirmed Jensen Huang's exit, after reports the previous evening said the board planned to oust him. Shares opened at USD 150.99 when regular trading began, and the USD 148.80 low followed within a minute, a 14.35% fall from Wednesday's close. Heavy early volume, leveraged holders being forced out and a rush of orders for a stock held in most large portfolios all sped up the drop. It pulled the Nasdaq and the S&P 500 lower in the opening minutes and for a moment pushed the broad index down nearly 1%. Dealers were hit by a steep mismatch between buy and sell orders in the opening seconds, and that gap stretched spreads and magnified the reading. Openings like this often overshoot, and the rebound that followed suggests panic selling outweighed a considered reassessment of the business.

Dip Buyers Recovered Most Ground Before Sellers Returned

Within two hours the stock had regained most of its opening loss, trading near USD 165, and it stayed between USD 164 and USD 166 for much of the afternoon. Several factors helped. Reported Demand is unchanged, and the company still expects third quarter fiscal 2027 Revenue of USD 108 billion, plus or minus 2%. At roughly 14 times forward earnings, the multiple sits about at its lowest in five years, compared with a five year average above 35 times. Continuity under the finance chief and the November 17 results date both reassured buyers. Even so, the close was the weakest in weeks, and failing to hold the early bounce suggests investors want more clarity before adding. A slide to USD 163.94 later in the afternoon showed Supply had not vanished, as some holders used the rebound to trim, which explains why the stock finished well above its low yet lower on the day.

Chip Peers Gain as the Wider Index Feels the Drag

Given its weight, one stock like Nvidia can steer an index on its own. At the close, the Nasdaq Composite stood at 25,366.09 after a 0.39% decline, while the S&P 500 ended at 7,592.40, down 0.35%, and the Dow shed 0.36%. The Russell 2000 gave up 1.66%, and S&P 500 decliners outnumbered advancers roughly three to one. AMD and Broadcom softened the blow, rising about 5.9% and 5.5% as traders weighed which rivals might gain share. Taiwan's Equity market fell 2.63%, with chip shares leading the decline, and Hong Kong's principal benchmark lost 1.26%, showing the move travelled well beyond US hours. Cisco and Applied Materials reported after the close, and early reactions suggested demand for AI related equipment stayed firm, which points to a selloff driven by Leadership rather than by spending.

Where Things Stand

Friday's session will test whether the after-hours recovery holds against Inflation figures and a crowded slate of Federal Reserve speeches. After that, Nvidia (NASDAQ:NVDA) reports on November 17, and any update on a permanent chief executive could redraw the trading band currently stretching from USD 148.80 into the mid USD 160s.