Morning Brief

The week: Nvidia CEO Jensen Huang resigns; stock sinks

Week ending Saturday, November 14, 2026

Stocks rose about 2.5% even as Nvidia lost its CEO and fell nearly 13%, while AMD jumped almost 19%.

The market this week

S&P 500
7,562▲ +2.51%
7-day trend

Tracks 500 of the biggest U.S. companies. A broad gain means most big stocks did fine despite Nvidia's slide.

Nasdaq
25,136▲ +2.27%
7-day trend

Tech-heavy index. It rose even though its largest chip name fell hard.

Dow
52,348▲ +2.07%
7-day trend

Tracks 30 large, long-established U.S. companies. It also finished the week higher.

10-year yield
5.15%▲ +0.29 pts
7-day trend

What the U.S. government pays to borrow for 10 years. Higher yields tend to mean pricier loans.

Fear index (VIX)
19.3▼ -24.73%
7-day trend

Gauge of expected market swings. A lower reading means traders were less nervous than a week ago.

Change over the week: from the close on Friday, November 6 to the close on Friday, November 13.

Watchlist

AMD▲ +18.93%AMD closed at $534.06, +18.93% from the day before
TSM▲ +6.20%TSM closed at $398.73, +6.20% from the day before
META▲ +5.17%META closed at $641.69, +5.17% from the day before
ASML▲ +4.94%ASML closed at $1,495.16, +4.94% from the day before
AAPL▲ +4.06%AAPL closed at $356.27, +4.06% from the day before
GOOGL▲ +3.86%GOOGL closed at $295.77, +3.86% from the day before
AMZN▲ +2.84%AMZN closed at $266.66, +2.84% from the day before
MSFT▼ -1.27%MSFT closed at $523.88, -1.27% from the day before
NVDA▼ -12.75%NVDA closed at $162.85, -12.75% from the day before
Show as a table
TickerCloseChange
AMD$534.06+18.93%
TSM$398.73+6.20%
META$641.69+5.17%
ASML$1,495.16+4.94%
AAPL$356.27+4.06%
GOOGL$295.77+3.86%
AMZN$266.66+2.84%
MSFT$523.88-1.27%
NVDA$162.85-12.75%

Nvidia fell 12.75% while AMD rose 18.93%. Most other big tech names gained; Microsoft slipped 1.27% in a week with a major outage.

The week in stories

MarketsNVDA ▼ -12.75%

Nvidia CEO Jensen Huang resigns; stock sinks

Jensen Huang resigned as Nvidia's CEO on Thursday after scrutiny over two extramarital affairs, including a relationship with a woman reportedly deemed a Chinese spy. Nvidia closed below a $4 trillion market value for the first time since July 2025. The stock had its longest weekly losing streak since 2012, and it was already sliding from early October. The board says it has not picked a search firm for a permanent successor. Two big investors urged the board to consider Huang's possible return.

Why it matters: Nvidia is central to the AI boom, so who runs it, and how smoothly, matters well beyond one company.

MarketsNVDA ▼ -12.75%

Washington turns up pressure on Nvidia over China chips

After Huang's exit, attention turned to how Nvidia chips reach China. Treasury Secretary Bessent blamed Commerce for chip "leakage" to China. Commerce Secretary Lutnick reportedly agreed to testify to the Senate Banking Committee about China chip sales. The Republican-led Congress also wants Huang to appear in Washington before Democrats take control in January. Separately, questions arose over his family's firm and its financial ties to the chipmaker.

Why it matters: Export rules on advanced AI chips could face tougher scrutiny, shaping a key part of the U.S.-China tech race.

Markets

Stocks gain for the week; wholesale inflation at 6.5%

Despite Nvidia's turmoil, the S&P 500 gained about 2.5% for the week and the Nasdaq about 2.3%. The 10-year Treasury yield ended at 5.154, and the VIX fear index fell to 19.3. On the inflation front, wholesale prices, which track what businesses pay, rose 0.3% in October. Economists had expected 0.4%. The yearly rate is 6.5%, the highest in nearly four years.

Why it matters: Inflation at the producer level is running hot, and borrowing costs remain high.

AIMSFT ▼ -1.27%AMZN ▲ +2.84%

Cisco and Cerebras post AI-driven wins

Cisco beat earnings expectations and said its AI infrastructure revenue will double this fiscal year. The company is trying to become a bigger player in AI after missing the early years of the boom. Chip maker Cerebras beat on quarterly revenue and announced a new deal with Microsoft. Its shares rose. Cerebras already partners with Amazon and Oracle.

Why it matters: AI spending is spreading to companies beyond Nvidia, giving other suppliers a growing slice of demand.

Tech

SpaceX catches Starship upper stage for the first time

On Starship's 15th test flight, SpaceX tried to catch both the booster and the upper stage with its launch tower arms. The booster catch was aborted. The upper stage, though, was caught by the tower, a first for the company.

Why it matters: Catching the rocket is key to SpaceX's plan to reuse Starship quickly and cheaply.

Coming up