NVDA Pares 14% Drop On Day Nvidia Confirms CEO Huang's Resignation

Nvidia (NASDAQ: NVDA) shares opened at $151.01 on 12th November, 13.1% below the previous close of $173.73. The stock fell as far as $148.80 before recovering to $165.65 at 17:49 UTC, 4.65% below the previous close with the session still open.

Nvidia confirmed a change at the top the same day. In a 12th November release, the board said Jensen Huang had resigned as president, chief executive and a member of the board, effective immediately. Colette Kress, the chief financial officer, was named interim chief executive, and Harvey Jones became the board's first chair.

Board Inquiry And A Briefing Request Preceded The Exit

Nvidia's release gave no reason for the resignation. The board opened an independent inquiry on 8th November, and its independent members said on 10th November that they had retained outside lawyers to run the investigation.

Lawmakers are also involved. Three House committee chairmen said on 5th November that they had asked Huang for a closed-door briefing on 18th November about his interactions with a person their release calls a publicly reported Chinese intelligence asset.

NVDA Price Analysis: Fibonacci Levels In Focus

NVDA's 12th November low of $148.80 was 14.3% below the previous close, before the recovery to $165.65 at 17:49 UTC. The 2.87% rebound of 11th November has been erased entirely.

The stock now trades well below its 100-day and 200-day exponential moving averages, near $210 and $204 respectively. The Fibonacci retracement on the daily chart, drawn between $208.93 and $243.37, puts the 2.382 level at $161.33. The session traded through that level and back above it.

A daily close below $161.33 would open a drop to the 2.618 level at $153.21. Losing that support would point the price towards the 3.0 level at $140.05. That would extend an already steep decline from the October peak. Resistance sits far above, at the 1.618 level at $187.65.

The Money Flow Index touched 20 on 10th November, the edge of oversold territory, for the first time in nearly a year. It stood at 29.77 after the 11th November close.

The last time the index reached this level, in November 2025, NVDA consolidated between about $194 and $171 for about four months before recovering. A similar range could emerge again.

What Would Confirm A Recovery

If the recovery holds and NVDA finds investor support after Huang's exit, a further bounce is possible. Climbing above $180 would bring NVDA close to the 1.618 level at $187.65, and $200 is the next recovery reference above that. A daily close below the 12th November low of $148.80 would invalidate the recovery reading.

The next scheduled test is close. Nvidia's release says its third-quarter results are due on 17th November, as previously scheduled. This is a dated technical assessment of the charts as captured, not a guaranteed forecast.