AAPL, GOOG Stocks Gain Overnight As NVDA Slides: Are Retail Investors Rotating Into Traditional Tech Amid Leadership Turmoil? Aashika Suresh Wed, November 11, 2026 at 11:48 PM EST 4 min read NVDA -4.50% AAPL +2.05% GOOGM -1.48% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Nvidia's shares plunged overnight amid reports that the board is looking to replace CEO Jensen Huang.
Retail investors highlighted a rotation out of Nvidia and into Apple and Alphabet amid the ongoing uncertainty around the chipmaker's leadership trajectory.
Meanwhile, Dan Niles, founder of Niles Investment Management, implored markets to focus on considering whether Nvidia's prices will have topped at current levels.
Shares of Apple Inc. (AAPL) and Alphabet Inc. (GOOG) edged higher in the overnight session, even as Nvidia Corp.'s (NVDA) shares plunged amid reports that the board is looking to replace CEO Jensen Huang amid fresh news of an infidelity incident with a company executive.
The developments have fueled speculation among retail investors on Stocktwits about whether investors could eye a rotation out of the AI darling's stock and into more traditional technology shares, including Apple and Alphabet.
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AAPL stock was up 0.20% overnight at the time of writing, while GOOG stock gained 0.26%. Meanwhile, NVDA stock plunged more than 8% in extended trading hours.
Retail investors highlighted a rotation out of Nvidia and into Apple and Alphabet amid the ongoing uncertainty around the chipmaker's leadership trajectory.
One user said, "$AAPL all the Nvida money coming to Apple."
Another user said, "$AAPL i think im just going to wait for aapl earnings report. at least john ternus can control himself around chinese spies."
Apple's stock price surged to an all-time high on Wednesday amid the Nvidia scandal, building on an earlier rotation out of AI companies and into more traditional technology stocks after a Democratic win in the two chambers of Congress raised concerns about a slowdown in the industry.
Meanwhile, a user said about Alphabet, "$GOOG This scandal at Nvidia should be positive for Google."
Meanwhile, Dan Niles, founder of Niles Investment Management, drew a comparison between CEO Jensen Huang's potential ouster from Nvidia to Apple's performance after Steve Jobs' departure from the company in 2011 due to health complications.
In a post on X, he implored markets to focus on considering whether Nvidia's prices will have topped at current levels.
"There are 40K employees at Nvidia and Jensen was a generational CEO but the pipeline of products I believe will sustain the company for ~2 years. There is a deep bench of direct reports. The analogy I would give is Steve Jobs took his medical leave in Jan-2011 and sadly died in October," Niles said.
He noted that AAPL stock rose 26% in 2011 to 2012 compared to a more nominal rise in the S&P 500 and the Nasdaq as its revenue surged.
"It took till year 3 for Apple revenue growth to slow dramatically to
