Arm shares slide as Nvidia succession search puts CEO Rene Haas in spotlight Louis Juricic Fri, November 13, 2026 at 12:37 PM EST 2 min read NVDA -3.19% ARM -5.62% 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.
Investing.com -- Arm Holdings shares fell 6.5% on Friday, extending weakness across the semiconductor sector, with the decline accelerating after the Financial Times reported that Nvidia's board had approached Arm Chief Executive Rene Haas as a potential successor to Jensen Huang.
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The report added another dimension to an already unsettled market for chip stocks, as investors grappled with the implications of Huang's abrupt departure from Nvidia and the uncertainty surrounding the future leadership of the AI chipmaker.
Haas is among several candidates being considered by Nvidia's board, although he has not been offered the position and there is no guarantee he would accept it, according to people familiar with the matter cited by the FT.
His potential move would represent a significant change for Arm, where Haas has served as CEO since 2022. He previously spent more than seven years at Nvidia and maintains close relationships with Huang and several members of Nvidia's board.
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The timing is particularly sensitive for semiconductor investors. Nvidia's leadership crisis has become a source of broader uncertainty for an industry heavily exposed to the AI investment cycle. The Philadelphia Semiconductor Index fell around 5% on Friday, with AMD and Broadcom among the notable decliners.
Nvidia shares also remained under pressure as investors assessed the implications of losing Huang, who led the company for 33 years and became one of the most influential figures in the global AI industry.
The potential recruitment of Haas raises questions not only about Nvidia's succession plans but also about continuity at Arm, whose processor architecture is central to much of the semiconductor industry, including Nvidia's own Grace and Vera CPU platforms.
Arm declined to comment, while Nvidia did not immediately respond to a request for comment.
For now, Nvidia's search remains open. But the market reaction illustrates how the uncertainty surrounding Huang's departure is beginning to extend beyond the company itself, reaching even some of the industry's most important partners.
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