Stocks Closed Slightly Lower in the Stock Market Today, November 12, 2026, and Nvidia Said CEO Jensen Huang Resigned

8:12 p.m. ET

Closing summary: stocks end lower on the day Nvidia's CEO resigned, and Cerebras jumps after hours

The big stock funds closed lower on Thursday, the day Nvidia said its chief executive had resigned. Nvidia said at 8:48 a.m. ET that Jensen Huang has resigned, and StockTitan's article on Huang's resignation covers the change. Nvidia closed at $166.19, down 4.34% from Wednesday's close.

SPY, the S&P 500 fund, closed down 0.35% from Wednesday's close, and QQQ, the Nasdaq 100 fund, 0.32%. DIA, the Dow fund, closed down 0.38%, and IWM, the small-company fund, 1.64%.

The big stock funds rose after hours. At 7:59 p.m. ET, SPY was up 0.25% from its close, and QQQ 0.40%. IWM was up 0.13% at 7:59 p.m. ET, and DIA 0.15% at 7:44 p.m. ET.

In the movers table, ADI Global Distribution (ADIG) fell the most, on a day when it lowered its 2026 outlook. Agi (AGBK) rose the most. It had reported third-quarter results after Wednesday's close.

Cerebras Systems (CBRS) was up 18.34% at 7:59 p.m. ET, against its 4:00 p.m. ET close. At 4:05 p.m. ET, it reported record third-quarter revenue of $210.8 million, up 55% in a year, and raised its full-year outlook (Cerebras release). StockTitan's article on Cerebras's results covers the quarter.

Cisco (CSCO) was down 0.27% at 7:59 p.m. ET from its close. It had been up 0.55% at 6:02 p.m. ET. At 4:05 p.m. ET, Cisco reported first-quarter revenue of $18.5 billion, up 24% in a year, and raised its revenue outlook for fiscal 2027 (Cisco release). StockTitan's article on Cisco's results covers the quarter.

Applied Materials (AMAT) was up 0.76% at 7:59 p.m. ET. Nvidia traded at $167.84 at 7:59 p.m. ET, up 0.99% from its close.

Liftoff Mobile (LFTO) was up 17.26% at 7:59 p.m. ET, and Newsmax (NMAX) 13.29% at 7:57 p.m. ET. Candel Therapeutics (CADL) was down 39.09% at 7:58 p.m. ET. The 6:06 p.m. ET update below gives each company's news.

Vir Biotechnology (VIR), a drug developer, was down 12.86% at 7:55 p.m. ET. At 7:38 p.m. ET, it said it had priced a sale of 15 million new shares at $10.00 each. It expects $150 million before fees and costs, and it expects the sale to close on November 16 (Vir release).

At the 7:59 p.m. ET prices, Microsoft's stock market value was about $3.87 trillion, about 4% less than Nvidia's $4.04 trillion. At the 4:00 p.m. ET close, the gap was about 3%.

6:06 p.m. ET

Cerebras reports record revenue and jumps 18.01% after hours, while the big stock funds edge up

Cerebras Systems (CBRS) was up 18.01% at 6:02 p.m. ET, against its 4:00 p.m. ET close. The company sells computers built for AI, and it also rents out their computing power online. After-hours trading runs after the regular session ends, and fewer shares usually change hands.

At 4:05 p.m. ET, Cerebras reported record third-quarter revenue of $210.8 million, up 55% in a year. It said it raised its full-year outlook (Cerebras release). StockTitan's article on Cerebras's results covers the quarter.

Cisco (CSCO) reported its first-quarter results at 4:05 p.m. ET. Its stock was up 0.55% at 6:02 p.m. ET from its close. StockTitan's article on Cisco's results covers the quarter.

Applied Materials (AMAT), which also reported results after the close, was up 0.56% at 6:01 p.m. ET.

Liftoff Mobile (LFTO), which sells advertising tools to app makers, was up 15.13% at 5:32 p.m. ET. Its third-quarter revenue rose 32% in a year, to $238 million. Its CEO said the results came in well above the top of the company's own forecast (Liftoff release).

Newsmax (NMAX), the cable news company, was up 12.89% at 6:00 p.m. ET. Its third-quarter revenue rose 52.5% in a year, to $69.0 million. That includes a one-time payment of $14.0 million from a customer (Newsmax release).

Relmada Therapeutics (RLMD), a drug developer, was up 12.50% at 5:47 p.m. ET.

Relmada reported new results from a mid-stage trial of NDV-01, its drug for a type of bladder cancer. It looked at patients whose cancer was gone after a year of the trial. Of the 14 such patients who had reached their 18-month check, 86% were still clear (Relmada release).

Candel Therapeutics (CADL), a cancer drug developer, was down 38.06% at 6:02 p.m. ET. In its results release, it said it currently plans to ask the FDA to approve its prostate cancer drug in the middle of 2027. That plan depends on its talks with the agency (Candel release).

Nvidia traded at $167.23 at 6:02 p.m. ET, up 0.62% from its close of $166.19.

The big stock funds edged up after hours. At 6:02 p.m. ET, SPY, the S&P 500 fund, was up 0.13% from its close, and QQQ, the Nasdaq 100 fund, 0.16%.

IWM, the small-company fund, was up 0.10% at 6:02 p.m. ET. DIA, the Dow fund, was up 0.03% at 6:00 p.m. ET.

4:18 p.m. ET

Stocks close slightly lower, and Nvidia ends the day down 4.34%

The regular session ended at 4:00 p.m. ET. SPY, the S&P 500 fund, closed down 0.35% from Wednesday's close. QQQ, the Nasdaq 100 fund, closed down 0.32%, and DIA, the Dow fund, 0.38%. IWM, the small-company fund, closed down 1.64%.

Nvidia closed at $166.19, down 4.34% from Wednesday's close of $173.73. It was down 8.48% a minute before its 8:48 a.m. ET announcement.

Nvidia's close was 10.96% below its November 6 close of $186.64.

At the close, Microsoft's stock market value was about $3.88 trillion, about 3% less than Nvidia's $4.0 trillion. Microsoft stayed below Nvidia, as at 3:02 p.m. ET.

Agi (AGBK), a Brazilian bank, joined the table with a close up 17.25%, the biggest gain in it. It had reported third-quarter results after Wednesday's close (Agi release). Enovix (ENVX), down 28.66%, and Nexxen (NEXN), up 12.82%, joined it too. Both reported results on Thursday morning.

Global Payments (GPN) closed down 12.03%, and Super Micro Computer (SMCI) closed down 11.30%.

Cisco (CSCO) reported first-quarter revenue of $18.5 billion at 4:05 p.m. ET, up 24% in a year, and raised its revenue outlook for fiscal 2027 (Cisco release). Its stock was up 1.49% at 4:16 p.m. ET from its 4:00 p.m. ET close.

Applied Materials (AMAT) reported record fourth-quarter revenue of $10.41 billion at 4:01 p.m. ET, up 53% in a year (Applied Materials release). Its stock was up 1.66% at 4:16 p.m. ET from its close.

3:03 p.m. ET

The big stock funds slip below Wednesday's close again, and Nvidia stays lower

SPY, QQQ and DIA turned lower again after the 1:15 p.m. ET update. At 3:02 p.m. ET, SPY, the S&P 500 fund, was down 0.33% from Wednesday's close. QQQ, the Nasdaq 100 fund, was down 0.45%, and DIA, the Dow fund, 0.21%, both at 3:02 p.m. ET. All three had been above that close in the 1:15 p.m. ET update. IWM, the small-company fund, was down 1.50% at 3:02 p.m. ET.

Nvidia was down 5.64% at 3:02 p.m. ET, less than it was a minute before its 8:48 a.m. ET announcement.

In the same minute, Microsoft's stock market value was about $3.87 trillion, about 2% less than Nvidia's $3.95 trillion. Apple's was about $5.17 trillion, the largest of the three. Market value is the share price times the number of shares.

Altimmune (ALT) joined the table, down 13.73% at 3:02 p.m. ET. The company is developing pemvidutide, an experimental drug for serious liver diseases. On Thursday morning it reported a third-quarter net loss of $31.6 million, against $19.0 million a year earlier (Altimmune release).

1:15 p.m. ET

ADI Global Distribution falls further, and the big stock funds stay slightly higher

ADI Global Distribution (ADIG) fell further after the 11:08 a.m. ET update. By 1:06 p.m. ET it was down 48.44% from Wednesday's close, against 39.79% at 11:02 a.m. ET. The distributor of security and audio-visual products lowered its 2026 outlook this morning. Its CEO said third-quarter profit was below the company's expectations (ADI release).

SPY, QQQ and DIA, the funds that track the S&P 500, the Nasdaq 100 and the Dow, stayed above Wednesday's close. At 1:06 p.m. ET, SPY was up 0.11% and QQQ 0.05%, and DIA was up 0.26% at 1:04 p.m. ET. IWM, the small-company fund, was down 0.90% at 1:06 p.m. ET.

Nvidia traded at $165.89 at 1:06 p.m. ET. That was 4.51% below Wednesday's close, a smaller fall than its 8.48% a minute before the 8:48 a.m. ET announcement. StockTitan's article on CEO exits during a board review looks at six selected cases since 2005 and how each stock did against the S&P 500 a year later. Those are past results. They leave out costs and taxes, and they do not predict how Nvidia's stock will do.

Fermi (FRMI) joined the table, up 19.89% by 1:06 p.m. ET. The company is developing a site with power for data centers. On Thursday morning it said a big cloud computing company signed agreements for an initial 600 megawatts there, including a $200 million prepayment (Fermi release).

11:08 a.m. ET

The big stock funds turn higher, and Nvidia wins back much of its early fall

SPY, QQQ and DIA, the funds that track the S&P 500, the Nasdaq 100 and the Dow, turned higher after the 10:05 a.m. ET update. At 11:02 a.m. ET, SPY was up 0.06% from Wednesday's close, QQQ 0.01% and DIA 0.23%, and all three had been lower at 10:05 a.m. ET. IWM, the small-company fund, was still down 0.89% at 11:02 a.m. ET.

Nvidia hit its low of the regular session at 9:31 a.m. ET, $148.80, or 14.35% below Wednesday's close. By 11:02 a.m. ET it traded at $165.20, down 4.91%.

AEVEX (AVEX) rose 27.26% by 11:02 a.m. ET, more than its 17.52% gain at 10:05 a.m. ET, on the morning after it raised its 2026 revenue outlook (AEVEX release).

Three more companies with results joined the biggest decliners. Katapult Holdings (KPLT), which offers lease-to-own deals and loans to consumers with weaker credit, fell 28.00% by 10:57 a.m. ET. Its release said its fourth-quarter outlook reflects a cautious view of the consumer (Katapult release). Standard Nuclear (STDN), which makes fuel for nuclear reactors, fell 18.43%, and its quarterly net loss grew to $13.1 million from $3.2 million a year earlier (Standard Nuclear release). Adecoagro (AGRO), a South American producer of food, sugar and fertilizer, fell 10.33%. In results released after Wednesday's close, it said its adjusted net income, its own profit measure, fell from a year earlier (Adecoagro release). The Standard Nuclear and Adecoagro moves are by 11:02 a.m. ET.

10:12 a.m. ET

Nvidia and the Nasdaq 100 fund win back part of their losses after a lower open, and home sales fall

Nvidia and QQQ, the Nasdaq 100 fund, opened lower at 9:30 a.m. ET and then won back part of their fall. In the first minute of the regular session, Nvidia traded 13.09% below Wednesday's close, a deeper fall than at the 9:04 a.m. ET update. By 10:05 a.m. ET it was down 7.44%. QQQ traded 1.47% lower in its first minute and was down 0.66% at 10:05 a.m. ET. StockTitan's article on Huang's resignation covers the change at Nvidia.

Three more companies with results joined the biggest movers. ADI Global Distribution (ADIG), which distributes security and audio-visual products, fell 37.26% by 10:04 a.m. ET, on a morning when it lowered its 2026 outlook (ADI release). Digi International (DGII), which makes connected devices for industry, fell 17.38% (Digi release). Mobility Global (MBGL), the owner of CARFAX, rose 11.95% and raised the middle of its 2026 profit forecast range (Mobility Global release). Both moves are by 10:05 a.m. ET.

Sales of previously owned homes fell 5.5% in October from September, the National Association of Realtors said on Thursday. They ran at a yearly pace of 3.75 million, adjusted for the seasons, and were 8.8% lower than a year earlier. NAR's chief economist, Lawrence Yun, said sales fell to their lowest level since August 2010, at a time when "mortgage rates have climbed to their highest levels since 2000, aside from a single month in 2023." The median price rose 0.4% from a year earlier, to $416,700 (NAR release).

9:04 a.m. ET

Nvidia says CEO Jensen Huang has resigned, and its shares fall further before the bell

Nvidia's board announced at 8:48 a.m. ET that Jensen Huang has resigned as president, chief executive and director, effective immediately. Colette Kress, the chief financial officer, is now interim CEO and stays CFO. Harvey C. Jones becomes the board's first chair, and the board will consider internal and external candidates for a permanent CEO (Nvidia release). Nvidia also reported the change to the SEC in a filing at 8:52 a.m. ET (Nvidia 8-K).

Nvidia was down 10.53% by 9:04 a.m. ET, against Wednesday's close. Most of that fall came before the announcement: the stock was 8.48% lower at 8:47 a.m. ET, and it did not recover after the release. QQQ, the Nasdaq 100 fund, was down 1.25% at the same time, and SPY, the S&P 500 fund, 0.63% at 9:03 a.m. ET. Nvidia said it will still report its quarterly results on November 17, as scheduled.

Weekly jobless claims rose. First-time claims for unemployment benefits were 200,000 in the week ending November 7, up 9,000 from the week before, the Labor Department said at 8:30 a.m. ET (Labor Department release).

8:08 a.m. ET

The Nasdaq 100 fund slips further with Nvidia as Nebius falls on its results day

Tech stocks fell further after the 7:00 a.m. update. QQQ, the fund that tracks the Nasdaq 100, was down 1.13% by 8:06 a.m. ET, against Wednesday's close. SPY, the S&P 500 fund, was down 0.53%, and Nvidia was down 7.66%.

Nebius (NBIS), which rents computing power to AI companies, fell 11.44% by 8:06 a.m. ET on a morning when it reported its third-quarter results. Its revenue for the quarter rose to $980.8 million (Nebius release). It also moved its goal of a $7 billion yearly sales pace from December to February (StockTitan's Nebius article).

Two more companies released results this morning, and both moved sharply. Intuitive Machines (LUNR), a space technology company, rose 10.45%, and it reported record quarterly revenue (Intuitive Machines release). Boost Run (BRUN), which also rents out AI computing power, fell 13.55% (Boost Run release). Both moves are pre-market, by 8:06 a.m. ET.

7:00 a.m. ET

Tech futures fall with Nvidia after a news report, CNBC says, while the Dow holds flat

Tech futures pointed lower on Thursday morning. Nasdaq 100 futures fell 0.7% and S&P 500 futures 0.4%, while Dow futures were around the flatline, CNBC reported in its 6:21 a.m. ET update. CNBC said the Nasdaq 100 futures fell as Nvidia shares slumped on the potential removal of its chief executive.

The funds that track the indexes show the same split. QQQ, the Nasdaq 100 fund, was down 0.80% and SPY, the S&P 500 fund, 0.41% by 6:49 a.m. ET, against Wednesday's close.

The Wall Street Journal reported on Wednesday evening that Nvidia's board is preparing to remove CEO Jensen Huang, CNBC said. Nvidia's board said on November 8 that it has confidence in Huang (Nvidia board statement).

Smaller stocks moved as well; several had released results since Wednesday's close. AEVEX, which makes drones and other autonomous systems, rose 12.20% by 6:43 a.m. ET, the morning after it raised its 2026 outlook after Wednesday's close (AEVEX release). YETI, the cooler and drinkware maker, fell 8.86% by 6:46 a.m. ET on a morning when it cut its sales outlook (YETI release).