Jensen Huang steps down as Nvidia CEO, leading the week's tech headlines
Nvidia co-founder Jensen Huang resigned as CEO, and the stock fell 12.75% over the week. A Microsoft outage and Cisco's quarterly results also drew investor attention.
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what happened
Nvidia co-founder Jensen Huang has stepped aside from the chief executive role, the company announced Thursday. CFO Colette Kress will act in the role on an interim basis. Several brokers cut their ratings on the stock, including GF Securities, William Blair, Melius Research, Evercore and KeyBanc, citing doubts about leadership and succession planning. Nvidia shares slipped 2% on Friday and lost 12.75% for the week, according to Seeking Alpha's weekly roundup.
Elsewhere, a prolonged Microsoft outage left Outlook and Teams unavailable for hours, disrupting businesses and some government functions across Asia and the US. Microsoft said it kept working to restore service and had seen no sign of malicious activity; its shares closed higher on Friday. Cisco's first-quarter report showed 43% year-over-year growth in networking, though margin pressure in hardware weighed on the stock. Applied Materials posted fourth-quarter fiscal results, and analysts read them as evidence of robust chip-equipment demand. Bloomberg, citing people familiar with the matter, reported that CoreWeave plans to raise at least $4 billion via an investment-grade loan, with Morgan Stanley and MUFG potentially arranging the financing.
why it matters
The story matters beyond one company because Nvidia is a bellwether for demand for AI chips, so leadership questions can ripple through the whole semiconductor group. The Nasdaq Composite closed lower on Friday.
market impact
Nvidia and AI chip stocks: leadership uncertainty and brokerage downgrades add pressure on the shares
- Nvidia shares pressure down — leadership doubts and brokerage downgrades weigh on the stock
- Nasdaq Composite pressure down — weakness in tech stocks at the end of the week drags the index lower
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sources
- Notable tech headlines for the week: Nvidia, Microsoft and Cisco in focus — Seeking Alpha, 14 November 2026 at 15:10 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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