Nvidia CEO Jensen Huang Quits; European Shares Fall at Open
European shares fell at the open on Friday after Nvidia CEO Jensen Huang resigned. Nvidia dropped 4.3% on Thursday and slid again on Friday. Wall Street closed mostly lower, while London and Paris finished higher and Frankfurt slipped slightly.
European shares fell at the open on Friday, November 13, 2026, after Nvidia announced that chief executive Jensen Huang had resigned. London's FTSE 100 opened down 0.2%, and the benchmark indices in Paris and Frankfurt each opened down 0.3%.
Nvidia said on Thursday that Huang had stepped down as president, chief executive and board member, effective immediately. Chief financial officer Colette Kress is interim CEO. The announcement followed reports of two affairs, including one with a woman suspected of spying for China, which raised US national security concerns.
Nvidia keeps sliding
Nvidia shares closed down 4.3% on Thursday. They fell about another 2% on Friday. The S&P 500, Nasdaq Composite and Dow Jones Industrial Average each lost about 0.4% on Thursday.
Rivals moved sharply both ways. Advanced Micro Devices rose 5.9% on Thursday, then sank 8.8% on Friday. Broadcom fell nearly 5% on Friday. Angelo Kourkafas of Edward Jones put the pullback in those two stocks down to profit-taking.
Ben Barringer, head of technology research at Quilter Cheviot, said he expects no short-term impact on Nvidia if its order book stays strong. His concern is longer term. "With his voice now removed from the table," he said, the company "may not carry the sway it once did."
Closing moves
European markets recovered from the open. The FTSE 100 closed up 0.4% at 10,902.56 and the CAC 40 in Paris rose 0.1% to 8,368.91. Frankfurt's DAX slipped 0.1% to 26,749.95.
On Wall Street, the Dow rose 0.1% to 52,347.55. The S&P 500 fell 0.4% to 7,561.67, and the Nasdaq Composite lost 0.9% to 25,136.27.
Asia was mixed. Japan's Nikkei 225 gained 0.5% to 61,142.35. South Korea's Kospi fell 1.0% and Hong Kong's Hang Seng dropped 1.6% to 23,637.60. SoftBank Group lost 5.1% in Tokyo, while SK Hynix dropped 3.2% in Seoul.
Oil, inflation and the dollar
Oil added pressure after US President Donald Trump said Washington did not need a deal with Iran. Brent crude was up 0.7% at $96.48 a barrel in early trade, against roughly $72 before the Iran war began in late February.
US wholesale inflation also weighed. The Producer Price Index rose 0.3% in October from September, and the annual reading hit 6.5%, the highest since November 2022. Investors expect the Federal Reserve to raise interest rates by at least a quarter point next month.
Those expectations lifted the dollar to its highest level against the euro since April 2025. The euro bought $1.1021 on Friday, down from $1.1055 a day earlier.
Kourkafas expects AI to return to the spotlight next week, when Nvidia reports quarterly results and Anthropic makes its Wall Street debut.
