More recent source-attributed AI analysis in stocks.
Nvidia shares opened down about 14% after co-founder Jensen Huang suddenly stepped down and left the board, then closed down 4.3%. The Financial Times estimated a one-day market-cap loss of about $182 billion. Retail investors recorded $111 million in net buying during the first 30 minutes, 40 times the normal level, surpassing the prior $107 million record from February and reaching the highest level tracked since 2017. From Monday through Wednesday, Nvidia ranked first in U.S. retail net purchases for three straight days, attracting about $1.31 billion, or 61% of retail net inflows into U.S. stocks and ETFs during that period. Fidelity data cited by Reuters showed nearly 395,000 buy orders by Thursday midday versus about 80,000 sell orders. Six two-times leveraged long products attracted about $42.5 million from Monday through Wednesday, while inverse ETFs recorded active trading but no net buying. Nvidia’s interim CEO is CFO Colette Kress, and the company is seeking a permanent successor. Next week’s quarterly earnings and management commentary on AI-chip demand and the outlook are the key test for market confidence. Baird cut its rating to neutral and reduced its price target by 60% to $200, citing supply constraints and demand concerns affecting 2027 data-center visibility.
Nvidia CEO Jensen Huang resigned after allegations involving relationships with company employees, according to Reuters. Nvidia’s board appointed CFO Colette Kress as interim CEO and began a formal search for a successor, considering internal and external candidates. The board also launched an independent-led investigation with outside legal counsel earlier this month.
Nvidia shares fell 14% intraday before closing down 4.3%. The stock is down more than 30% since reaching a high in early October. The Philadelphia Stock Exchange Semiconductor Index opened down 3.7% and ended down 0.5%, while Broadcom and AMD rose as investors considered potential opportunities from Nvidia business gaps.
Nebius Group and CoreWeave sold off, while Super Micro Computer fell 11%. The leadership change adds uncertainty for companies connected to Nvidia’s financing and investment relationships. Analysts cited in the report said the transition creates execution and ecosystem risks, but does not change the broader AI investment trend. Hyperscalers have committed to substantial spending through 2027, while recent AI-company earnings indicated demand remains strong.
Trade.xyz’s NVDA perpetual contract on Hyperliquid recorded a record $2.14 billion in daily trading volume around its one-year listing anniversary. The contract launched on November 12, 2025, supports leverage of up to 10x, and has surpassed $19 billion in cumulative year-to-date turnover. The figures highlight growing activity in equity-linked crypto derivatives, while traders are watching whether activity holds after the anniversary spike and expands to other single-stock perpetuals.
Nvidia CEO Jensen Huang resigned as CEO, director and president, while the CFO became interim CEO. The company appointed a board chair for the first time and began a CEO search among internal and external candidates. Nvidia shares fell more than 4% at the close after dropping as much as 14% intraday, while rival AMD gained nearly 6%. Reports also said Nvidia faces a U.S. Department of Justice antitrust investigation. The market focus now centers on the leadership search, regulatory scrutiny and whether enterprise AI cloud revenue can convert high AI capital spending into returns. Elsewhere in AI, Nebius raised its capital-expenditure guidance to $27 billion but shares fell 17% after delaying its $7 billion ARR target; Anthropic’s IPO was reportedly about six times oversubscribed, while OpenAI’s reported new funding reached $15 billion versus an initial $30 billion target.