Nvidia Stock Crash on 12 November 2026: Shares Close About 4.3% Lower as AMD Gains 5.86% and Broadcom Rises 5.54% on Rotation
- November 13, 2026
- Posted by: Ankit Jaiswal
- Category: News
Nvidia fell as much as 14% at the open on 12 Nov, closing about 4.3% lower near $166. AMD +5.86% (about $568). Broadcom +5.54% (about $361 to $365). Nasdaq -0.39%.
Quick Answer
Nvidia shares opened as much as 14% lower on 12 November 2026 and closed about 4.3% down near 166 dollars after Jensen Huang resigned as chief executive, president and director. AMD rose 5.86% and Broadcom 5.54%, leading the S&P 500, as investors moved money within the chip sector. CoreWeave, which relies on Nvidia hardware, fell about 11%, and the Nasdaq slipped only 0.39%. The stock was down about 20% in November and had fallen for six straight weeks.
Nvidia stock crash headlines dominated markets on Thursday, 12 November 2026, as the world’s most valuable chip company opened sharply lower and then recovered part of the loss to close down about 4.3%. The stock had closed at 173.73 dollars on Wednesday, up 2.87%, before dropping about 8.6% in after-hours trade.
Two other chip names did the opposite. AMD jumped 5.86% and Broadcom gained 5.54%, which made the session a story about rotation as well as a sell-off. This article covers what happened, the possible reasons AMD and Broadcom rose, the concentration risk across the AI supply chain and what the move means for Indian investors. The Nvidia sell-off therefore had winners as well as losers.
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What Happened to Nvidia Shares on 12 November
| Stock or index | Move on 12 November | Approximate level |
|---|---|---|
| Nvidia (NVDA) | Opened down as much as 14%, closed about 4.3% lower | About $166 |
| AMD | Up 5.86% | About $568 |
| Broadcom | Up 5.54% | About $361 to $365 |
| CoreWeave | Down about 11% | Not applicable |
| Nasdaq Composite | Down about 0.39% | Not applicable |
Reports on the Nvidia close vary slightly by time of day, with intraday readings ranging from a fall of about 4.3% to about 5.6%. The closing figure of about 4.3% is the one used here. The deeper context is a poor run: Nvidia was down about 20% in November and had fallen for six consecutive weeks before this session. Nvidia shares have swung widely through the day, so timing matters when comparing sources.
Why AMD and Broadcom Rose as the Nvidia Stock Fall Unfolded
When the sector leader stumbles, investors often shift money toward its closest competitors and suppliers, instead of leaving the theme altogether. AMD makes graphics and AI accelerators that compete with Nvidia’s products. Broadcom designs custom AI chips and networking equipment for large cloud customers, which means it benefits from AI spending even when Nvidia’s share of that spending is questioned. The Nvidia stock fall gave investors a reason to rebalance inside the sector.
This is market commentary and not a company statement, and it cannot be proven from price moves alone. Both stocks also rose in a session when the Nasdaq fell, which suggests buyers saw them as beneficiaries of the same AI demand.
Concentration Risk Across the AI Supply Chain
The 11% drop in CoreWeave shows how tightly linked the group is. The cloud company depends heavily on Nvidia hardware, so news about Nvidia affects its outlook and its borrowing costs. In the same way, suppliers, server makers and data centre builders carry exposure to a single customer’s plans and stock price. It is a clear example of how a Nvidia sell-off spreads to partners.
| Risk | Why it matters |
|---|---|
| Leadership change | Uncertainty about strategy and execution during a transition |
| Customer concentration | A few cloud companies account for a large share of demand |
| Valuation | Expectations are high, so disappointments move prices sharply |
| Dependence among suppliers | A fall in one stock can spill into partners such as CoreWeave |
Valuation After the Nvidia Sell-Off
One data provider shows a trailing price to earnings ratio of about 21 for Nvidia, and some reports cite a forward multiple near 12, the lowest since 2012. The forward figure depends on analyst estimates, which can change quickly, so it should be treated with caution. A lower multiple does not mean the stock is safe, because earnings can fall as well as rise. Valuation arguments about Nvidia shares will continue after this fall.
What the Nvidia Stock Crash Means for Indian Investors
| Channel | How it could matter |
|---|---|
| Indian IT stocks | Global technology sentiment can affect valuations and flows |
| Foreign investor flows | Risk-off moves abroad can reduce appetite for emerging markets |
| Nifty 50 movement | Technology weakness was cited among the reasons for a lower open on 13 November |
| Mutual funds and ETFs with US exposure | Large holdings in a few mega-cap stocks raise portfolio concentration |
Direct exposure to Nvidia through the Indian stock exchanges is not available, so Indian investors usually gain exposure through funds, or overseas accounts that follow the rules that apply to them. Check the holdings of any international fund to see how much sits in a small group of stocks. Even so, the Nvidia stock fall is a useful reminder about concentration.
Nvidia Stock Fall in Context: The November Slide
The Nvidia stock fall on 12 November came on top of a month of weakness. The shares had dropped about 20% in November and had declined for six straight weeks, so the leadership news hit a stock that was already under pressure. On Wednesday, 11 November, the stock had closed at 173.73 dollars, up 2.87%, before the after-hours fall of about 8.6% that set up Thursday’s opening gap.
The size of the opening gap, down as much as 14%, and the partial recovery by the close show how quickly sentiment can swing. Buyers stepped in at lower levels, which cut the loss to about 4.3% by the end of trading.
How Investors Read the Nvidia Sell-Off
Different groups read the Nvidia sell-off differently. Long-term holders look at demand from cloud companies and at the company’s product schedule. Traders focus on volatility and on rotation into AMD and Broadcom. Risk managers look at how many portfolios hold the same large technology names, since a fall in Nvidia shares can force selling in funds that track the same indices.
None of these views is complete. The share price reflects expectations about earnings several years ahead, so news that changes those expectations, such as a change in leadership, can move the price a lot even before any change shows up in revenue.
| Development | Possible effect |
|---|---|
| Permanent chief executive named | Reduces uncertainty and may steady Nvidia shares |
| Strong data on AI chip orders | Supports revenue estimates and the stock |
| Adverse findings from the board review | Could extend the sell-off |
| Further rotation to rivals | Would favour AMD and Broadcom over Nvidia |
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Risks and What to Watch Next
Watch for the appointment of a permanent chief executive, any update from the board on its review, and the next earnings report, where guidance on AI demand will be examined closely. Also watch whether AMD and Broadcom hold their gains, because sharp one-day rotation moves often fade.
Volatility is likely to stay high. After a fall of this size, prices can swing in both directions on each new headline, which is a reason to size positions carefully and avoid reacting to a single day’s move.
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Conclusion
The Nvidia stock crash of 12 November 2026 was a leadership shock inside a market that had already turned cautious on AI valuations. AMD and Broadcom gained as money rotated within the chip sector, while CoreWeave showed how concentrated the ecosystem has become. For investors, the lessons are about concentration, valuation and patience, not about predicting the next move.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Why did Nvidia shares crash on 12 November 2026?
Ans. Nvidia shares fell after news that Jensen Huang had resigned as chief executive, president and director with immediate effect, with Colette Kress named interim chief executive. The stock opened down as much as 14% and closed about 4.3% lower near 166 dollars. It had already fallen in after-hours trade the previous evening, and it was down about 20% in November.
How much did AMD and Broadcom rise?
Ans. AMD closed up 5.86% and Broadcom closed up 5.54%, and both were among the best performers in the S&P 500 that day. AMD traded near 568 dollars and Broadcom between about 361 and 365 dollars, according to market reports.
Why did money move into AMD and Broadcom?
Ans. Market commentary links the move to rotation within the chip sector. When the leader faces uncertainty, investors look for alternatives that also benefit from artificial intelligence spending. AMD competes with Nvidia in accelerators, and Broadcom designs custom chips and networking products for large cloud companies. This is an interpretation, not a stated cause.
How did the wider market react?
Ans. The Nasdaq closed down about 0.39%, much less than Nvidia, which shows the fall was concentrated in one stock and its close partners. CoreWeave, a cloud company that depends heavily on Nvidia chips, dropped about 11%.
Is Nvidia stock undervalued after the fall?
Ans. That depends on the earnings view. Reported trailing price to earnings multiples are around 21 on one data provider, and reports of forward multiples are lower still, but forward numbers rest on estimates that can change quickly. A lower share price does not by itself make a stock good value.
What does the Nvidia stock fall mean for Indian investors?
Ans. Direct effects are limited, but global technology sentiment can spill into Indian IT and electronics stocks and into the Nifty through foreign flows. Indian investors with exposure to US technology through funds should look at how much of their portfolio is tied to a few large stocks.
What are the risks after a sharp one-day fall?
Ans. Volatility usually stays high after a fall of this size. Leadership changes, ongoing investigations, customer concentration and valuation all matter, and prices can move quickly in either direction as new information arrives.
