Investors Weigh Huang’s Nvidia Exit as Futures Rebound
WHO:
Bloomberg Markets - Yvonne Man and Avril Hong host “Bloomberg: The China Show,” covering China’s politics, policy, technology, trends, and economy.
CNBC - Jensen Huang, Nvidia’s founder and CEO, stepped down from the chip company.
CNBC - Nvidia CFO Colette Kress, who has worked at the company for more than a decade, will serve as interim CEO.
CNBC - Nvidia’s board is seeking a full-time replacement for Huang, both internally and externally.
CNBC - Analysts told CNBC Huang’s exit could trigger a 20% correction in Nvidia shares.
CNBC - U.S. intelligence officials believe a woman reportedly involved in an extramarital relationship with Huang is a Chinese spy.
CNBC - President Donald Trump commented on Iran in a Truth Social post.
WHAT:
Bloomberg Markets - A November rebound in beaten-down Chinese internet stocks is facing a reckoning from collateral damage tied to the Nvidia scandal.
CNBC - U.S. equity futures rose after major indexes dipped and Nvidia shares fell: Dow futures added 166 points, or 0.3%; S&P 500 futures gained 0.4%; Nasdaq-100 futures advanced 0.6%.
CNBC - In regular trading, the Nasdaq Composite and S&P 500 each fell about 0.4%; the Dow lost almost 190 points, or 0.4%.
CNBC - Nvidia shares fell 4.3%, dragging down all three major averages, but closed off their session lows.
CNBC - Brent crude rose more than 3% to settle at $95.82 a barrel.
CNBC - Trump wrote, “We don't need a deal with Iran.”
CNBC - Economists polled by Dow Jones forecast October producer price index inflation of 0.4% month over month and 6.6% year over year.
CNBC - The Nasdaq was up 3.2% for the week; the S&P 500 was on pace to gain 2.9%, and the Dow nearly 2%. All three were heading for their best weekly performances since early August.
WHERE:
CNBC - The report described trading in U.S. markets and mixed moves across Asia-Pacific markets: South Korea’s Kospi rose 1.98%, Japan’s Nikkei 225 rose 1.74%, Australia’s S&P/ASX 200 fell 0.62%, Hong Kong’s Hang Seng fell 0.58%, and mainland China’s CSI 300 fell 0.22%.
CNBC - A trader was pictured working on the New York Stock Exchange floor in New York, United States.
WHY:
CNBC - Huang’s departure followed reports of extramarital affairs, including a relationship with a woman U.S. intelligence officials believe is a Chinese spy.
CNBC - Rising oil prices pressured stocks after Trump’s Iran comment raised concern that the U.S.-Iran war could continue.
HOW:
Bloomberg Markets - “Bloomberg: The China Show” provides news and analysis on China through discussions with newsmakers.
CNBC - Nvidia’s board is conducting an internal and external search for Huang’s permanent successor.
(UPDATED November 13, 2026 10:00 UTC)
Nvidia CEO Jensen Huang stepped down, and CFO Colette Kress became interim chief executive. The board is searching for a permanent successor as Nvidia shares fell 4.3%. Oil climbed above $95 a barrel, while U.S. stock futures rose after market declines.
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(UPDATED November 13, 2026 08:59 UTC)
Jensen Huang has left Nvidia, with CFO Colette Kress serving as interim CEO during the search. Nvidia shares dropped 4.3%, pulling major U.S. indexes lower despite gains in futures. Oil prices climbed as President Trump rejected an Iran deal, renewing concerns about prolonged conflict.