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Friday, 13 November 2026

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US Stocks Close Lower as Nvidia Leadership Change Tests Chip Shares

US stocks closed modestly lower after Nvidia confirmed Jensen Huang’s departure, while gains in AMD and Broadcom cushioned the slide in chip shares.

By TLA AI Editor3 min read

New York, 13 November 2026 – United States stocks ended lower on 12 November after NVIDIA Corporation confirmed that Jensen Huang had resigned as chief executive, president and a director. The S&P 500 fell 0.35% to 7,592.40, the Dow Jones Industrial Average lost 0.36% to 52,297.09 and the Nasdaq Composite slipped 0.39% to 25,366.09. Nvidia fell 4.34% to USD 166.19 at the close, recovering part of a much steeper intraday decline.

For Asian investors, the session showed why moves in US chip shares should be read company by company. Nvidia’s leadership change drew selling, but some competitors gained and the broader indices recovered much of their early losses. That divergence matters for Asian suppliers and fund managers with exposure to several parts of the semiconductor industry. The price moves show a change in market expectations, not a confirmed transfer of customer orders or market share.

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Author

  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.