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Nvidia Shares Slide on Reports of CEO Shake-Up as Apple, Alphabet Gain

According to Stocktwits, Nvidia fell over 8% in extended trading on reports its board may replace CEO Jensen Huang, while Apple and Alphabet edged higher.

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what happened

Shares of Apple and Alphabet edged up in the overnight session, while Nvidia stock dropped sharply. Stocktwits reports that Nvidia's board is considering replacing CEO Jensen Huang following fresh news of a romantic relationship between him and a company executive.

Nvidia shares fell more than 8% in extended trading. Retail investors on Stocktwits speculated that money could leave the chipmaker and move into more traditional tech names such as Apple and Alphabet. Apple hit an all-time high on Wednesday, building on an earlier exit from AI stocks that followed concerns about a slowdown in the sector after Democrats won both chambers of Congress.

Dan Niles, founder of Niles Investment Management, compared a possible Huang departure to Apple's period after Steve Jobs left, and asked whether June 22 marked the top of the AI trade. Among other chip names, AMD rose more than 7%, and the SOXX semiconductor ETF gained 6%.

why it matters

The story is about more than one CEO: Nvidia remains a heavyweight in AI-linked indexes, so leadership uncertainty can quickly spread to the semiconductor sector and broader tech benchmarks. The rotation theory so far reflects retail speculation rather than a confirmed trend.

market impact

Nvidia and chips: leadership uncertainty pressures the stock; Apple and Alphabet may benefit from speculated rotation out of AI names.

  • Nvidia shares pressure down — leadership uncertainty and reports of a possible CEO replacement
  • Apple shares pressure up — speculation that capital is rotating from AI stocks into traditional tech
  • Alphabet shares pressure up — speculation that capital is rotating from AI stocks into traditional tech

tags

StockUnited States

instruments

NVDA ↗AAPL ↗GOOGAMD ↗SOXX

on polymarket

Will NVIDIA (NVDA) hit (LOW) $136 in November?16.5%Will NVIDIA (NVDA) hit (LOW) $144 in November?27.5%Will NVIDIA (NVDA) close above $210 end of November?3.8%

sources

  1. AAPL, GOOG Stocks Gain Overnight As NVDA Slides: Are Retail Investors Rotating Into Traditional Tech Amid Leadership Turmoil? — Stocktwits, 12 November 2026 at 04:48 UTC

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