Nvidia’s 13% Weekly Slide Wipes Out $573 Billion
Nvidia shares fell 13% in the week ended Friday, 13 November 2026, their worst weekly decline since April 2025, according to Cryptobriefing. The chipmaker lost approximately $573 billion in market value during the week, a figure the report attributes to the Wall Street Journal.
The selloff extends a decline of more than 30% from Nvidia’s record high on 6 October 2026. Shares have fallen roughly 20% since the start of November, erasing nearly $2 trillion in market capitalization from the October peak.
The trigger was the abrupt resignation of Jensen Huang as CEO, president and board member on Thursday, 12 November 2026, following reports of extramarital affairs, including one involving Alice Huang, a businesswoman suspected by US authorities of links to Chinese intelligence. The controversy raised questions about potential national security risks and Nvidia’s relationships with Chinese businesses. Nvidia said it had no reason to believe its confidential information or US national security had been compromised.
Huang’s Exit Followed Reports of Extramarital Affairs
Huang’s resignation came after reports of extramarital affairs, including one involving Alice Huang, a businesswoman suspected by US authorities of links to Chinese intelligence, according to Cryptobriefing. The reports raised questions about potential national security risks and Nvidia’s relationships with Chinese businesses.
Nvidia said it had no reason to believe its confidential information or US national security had been compromised, the report said. The company has not elaborated beyond that statement.
Chief Financial Officer Colette Kress was appointed interim CEO while the company searches for a permanent successor, leaving investors uncertain about the chipmaker’s future under new leadership.
Interim CEO Colette Kress Inherits a Leadership Vacuum
Chief Financial Officer Colette Kress was appointed interim CEO while Nvidia searches for a permanent successor, Cryptobriefing reported. The interim arrangement leaves investors uncertain about the chipmaker’s future under new leadership.
The leadership change comes ahead of next week’s earnings report, a date that now carries added weight for investors trying to gauge whether the company’s operations remain intact.
AMD Falls 8.8% as AI Trade Sells Off Broadly
The turmoil extended across the AI sector on Friday, 13 November 2026. Advanced Micro Devices fell 8.8% and the Philadelphia Semiconductor Index declined 3.4%, according to Cryptobriefing.
Nvidia shares declined about 2% on Friday after dropping 4.3% on Thursday, 12 November, when Huang resigned.
The broader semiconductor weakness suggests investors are repricing the AI trade rather than isolating Nvidia, though Nvidia’s decline was the steepest among the named stocks.
What Next Week’s Earnings Must Prove
Nvidia’s next earnings report, due next week, is the first scheduled test of whether the company’s business remains on track under interim CEO Colette Kress. Investors will also watch for any update on the search for a permanent successor.
A clear operational update from Kress and a credible succession timeline would be the first evidence that the leadership shock is contained. Absent that, the 30% drawdown from the 6 October peak remains the reference point for how much confidence has been lost.
Sources: rss_autopost