Stock Market Today (Nov. 13, 2026): Nasdaq futures fall after Nvidia CEO resigns Rob Lenihan Fri, November 13, 2026 at 9:58 AM EST 2 min read NVDA -3.67% ^IXIC -1.58% Trade NVIDIA 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.
This live blog is refreshed throughout the day with the latest updates from the market. To find the latest Stock Market Today threads, click here.Happy Friday. Stocks were rising as investors welcomed a cooler-than-expected monthly wholesale inflation reading and Nvidia (NVDA) shares recovered from losses following the resignation of CEO Jensen Huang.
Huang resigned after 33 years leading the AI chipmaking giant he co-founded, following reports of relationships with a woman suspected of being a Chinese intelligence asset and company subordinates.
Chief Financial Officer Colette Kress has stepped in as interim CEO while the board searches for a permanent successor.
In a statement Thursday, Kress said Nvidia's "strength has always come from its people" and that she was "committed to building on the extraordinary foundation Jensen created over the last 33 years."
October's Producer Price Index (PPI), a measure of wholesale inflation, increased 0.3% from the previous month, below the 0.4% increase expected by economists polled by Dow Jones.
However, producer prices rose 6.5% from a year earlier, marking the largest annual increase since November 2022.
"Now that the uncertainty about Jensen Huang's future at Nvidia has passed, the stock is trading at a very compelling valuation and is a buy at current levels," said James Demmert, chief investment officer at Main Street Research.
"The company is trading at a forward PE of 13, yet it's growing revenue at 60% year-over-year. We think the stock has support at $165 per share, and sentiment is extremely negative," he said.
"It's a great time to buy the stock prior to Tuesday's earnings report, where investors will once again be reminded about its incredible growth, backlog orders and, perhaps most importantly, the ability to hear from interim CEO Colette Kress."
In the longer term, Demmert acknowledged, "Nvidia risks being less innovative and timely without Jensen Huang, but the company will figure out how to adapt and continue to produce products that can keep the company growing."
This story was originally published by TheStreet on Nov 13, 2026, where it first appeared in the Stock Market Today section. Add TheStreet as a Preferred Source by clicking here.
