AI Stocks Close
🔔 AI Stocks Close — Thursday, November 12, 2026 at 2:15 PM
Closes: SPX 7,588.54 (-0.40%) · NDX 25,347.45 (-0.47%) · DJI 52,296.71 (-0.36%)
Day narrative: A once-in-a-decade leadership shock hit the market's biggest stock and the tape barely flinched — Nvidia fell as much as 14% on Jensen Huang's abrupt resignation, then clawed most of it back as traders rotated straight into AMD and Broadcom. Rising yields did more damage than the drama: the 10-year pushed back above 5% with a December Fed hike now fully priced.
Sectors: Best Energy (+2.0%) · Worst Health Care (-0.2%)
Movers:
• NVDA -5.6% — Huang resigned as CEO, president and director effective immediately amid reports of affairs including a woman suspected of being a Chinese spy; CFO Colette Kress is interim CEO
• AVGO +5.6% — the designated winner of Nvidia's leadership vacuum, best mega-cap chip bid of the day
• AMD +5.0% — William Blair upgrade to Outperform, plus the new MI450X GPU and a PsiQuantum deal
• SMCI -10.8% — AI hardware leverage cuts both ways; worst watchlist name on the board
• IONQ -8.3% — quantum and speculative AI names got sold hard as yields climbed
• MSTR -6% / Bitcoin below $72,000 — risk assets wobbled with the yield move
After-hours / Earnings:
• AMAT reported a beat on both lines, -2.1% AH to $386.68 — options had priced a 10% swing, so a 2% fade counts as a non-event
• CSCO reported in line, -0.6% AH to $100.13 — quiet reaction, no guidance fireworks
Watchlist:
• MU $789.43 (-2.70%)
• NVDA $164.06 (-5.57%)
• MSFT $521.66 (+0.1%)
• GOOGL ~$295 (+1.6%)
• META $620.92 (-1.2%)
• AMZN $267.37 (+0.5%)
• AAPL $354.63 (-0.2%)
• AMD $580.40 (+4.97%)
• TSLA $396.80 (+1.5%)
• PLTR $171.78 (-0.79%)
• ARM (-3.02%)
• SMCI $27.16 (-10.76%)
• ORCL $125.50 (-2.24%)
• SOUN $3.91 (-6%, new 12-month low)
• IONQ ~$31.2 (-8.34%)
• BBAI $2.12 (-7.82%)
• AVGO $364.50 (+5.58%)
• CRM $218.01 (+2.12%)
• ADBE $239.50 (+0.80%)
• IBM $248.22 (+1.51%)
• SNOW ~$299.15 (-0.45%)
• MDB $336.94 (-0.35%)
• NET $316.74 (+0.55%)
• CRWD $224.33 (-1.11%)
• TSM $408.08 (-1.88%)
• ASML $1,534.24 (-1.92%)
Macro:
• 10-year Treasury yield back above 5% at ~5.06%, touching 5.058%; 30-year at 5.44%, up 9bps
• CME FedWatch has December odds of a rate hike at 100%, with ~13% odds of a half-point move; Goldman added another quarter-point hike to its March forecast
• Initial jobless claims rose to 200,000 from 191,000, above the 195,000 consensus; continuing claims fell to 1.697M
• Oil jumped after President Trump said the US doesn't need a deal with Iran
• IPO watch: Anthropic's listing is tracking to price Nov 18 and trade Nov 19 on Nasdaq, seeking roughly $1.4 trillion on a $70–78 band — still private, not tradeable yet
Tomorrow: October PPI at 8:30 a.m. ET is the whole show — after Tuesday's hot CPI, a second upside inflation print would cement the December hike and keep pressure on long duration growth names. Earnings calendar is thin on Friday; Richemont reports in the morning overseas. Watch for Nvidia follow-through and any board news on a permanent CEO.