The Jensen Huang resignation as chief executive of Nvidia was announced on November 12, 2026, following allegations of Chinese espionage involving a woman with whom he had an affair, according to the New York Times. Nvidia shares fell 14% intraday before paring losses, but the impact on broad indices stayed limited: the Dow Jones dropped 0.36% while Brent crude jumped 3.3% amid comments from Donald Trump on Iran.
Jensen Huang’s resignation and its impact on Nvidia stock
According to the New York Times, Jensen Huang resigned from his position as chief executive of Nvidia on November 12, 2026, after admitting to an affair with a woman whom US intelligence suspects of spying for China: “Jensen Huang, Nvidia’s chief executive, resigned on Thursday after admitting to an affair with a woman who U.S. intelligence says was spying for China” (New York Times). Nvidia stock plunged 14% intraday before recovering part of its losses, according to data cited by CNBC, a move that shows how a single governance event can sink a flagship stock without necessarily dragging an entire index down with it.
Broad indices close slightly lower on November 12
Despite the shock to Nvidia, broad indices only posted modest declines. The Dow Jones Industrial Average shed 189.40 points, or 0.36%, to close at 52,297.09 points, the Nasdaq Composite lost 0.39% to 25,366.09 points, and the S&P 500 fell 0.35% to 7,592.40 points, according to CNBC. This gap between a single stock’s dramatic fall and the market’s relative stability is a reminder that one company’s market capitalization, even one heavily weighted in the Nasdaq, does not mechanically pull the whole market down by the same proportion.
Brent jumps after Donald Trump’s comments on Iran
In oil markets, Brent crude rose 3.3% to settle at $95.82 a barrel and WTI gained 2.55% to $88.74 a barrel on November 12, 2026, according to the same CNBC data. The rise followed comments from Donald Trump reported by Rigzone, which quoted the US president saying: “We don’t need a deal with Iran. Those days have long since passed” (Rigzone). These remarks reduced hopes for a diplomatic de-escalation with Tehran, a factor oil markets have watched closely since recent tensions covered in the November 2, 2026 briefing on Iran-Qatar talks and the November 9 briefing on attacks in the Strait of Hormuz.
| Indicator | Change | Closing level |
|---|---|---|
| Dow Jones | -0.36% | 52,297.09 points |
| Nasdaq Composite | -0.39% | 25,366.09 points |
| S&P 500 | -0.35% | 7,592.40 points |
| Brent | +3.3% | $95.82 a barrel |
| WTI | +2.55% | $88.74 a barrel |
Agenda for November 13, 2026: US PPI and final French inflation reading
The US Producer Price Index (PPI) for October is due at 8:30 AM ET on November 13, 2026, according to the calendar published by the Bureau of Labor Statistics. In France, Insee will release the final results of the October 2026 consumer price index at 8:45 AM Paris time, according to its publication calendar. No consensus value is given here, since no reliable figure from the releasing institution itself was found for either report.
Frequently asked questions about the November 12, 2026 session
Why did Nvidia stock fall while broad indices stayed stable?
Nvidia stock reacted directly to the announcement of its chief executive’s resignation, an event specific to the company. Broad indices like the Dow Jones or the S&P 500 include hundreds of stocks, which dilutes the impact of a shock concentrated on a single name, even a large-cap one.
Why did Brent crude jump the same day?
Brent crude rose 3.3% after comments from Donald Trump reducing hopes of a deal with Iran, reported by Rigzone. This geopolitical factor adds to tensions already observed in the Persian Gulf in recent weeks.
What does the US PPI release on November 13 cover?
The Bureau of Labor Statistics is releasing the October 2026 Producer Price Index at 8:30 AM ET, according to its official calendar. This indicator measures price changes at the producer level, upstream of final consumption.
What data does Insee release that day?
Insee is releasing the final results of the October 2026 consumer price index at 8:45 AM Paris time, according to its publication calendar. This confirms or revises the provisional estimate already published the previous month.