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2026-11-12

Nvidia CEO exit sinks small caps; yields jump on oil supply threats

Stock Heatmap
Size = market cap (square-root scaled within sectors) · Color = day's change · Click a sector name to zoom, a tile to open the stock
Zoom into Information TechnologyInformation TechnologyAAPL-0.2%MSFT+0.4%NVDA-4.3%AVGO+5.5%AMD+5.9%MU-1.6%PLTR-0.5%CSCO+1.2%ORCL-1.0%INTC-2.1%TXN+0.9%AMAT-3.6%LRCX-0.9%PANW-3.5%ANET+5.1%IBM-1.4%CRWD+0.3%DELL-0.7%KLAC-2.3%ADI+0.1%APH+0.4%SHOP-1.7%QCOM+0.3%CRM-0.2%ACN-1.5%WDC-0.7%MRVL-2.6%SNDK-4.1%STX-1.2%NOW-2.0%GLWADBEFTNTINTUCDNSMSISNPSTELADSKLITEKEYSROPALABNTAPPMCHPZoom into Communication ServicesCommunication ServicesGOOGL+1.8%GOOG+1.6%META-0.8%NFLX-2.9%DIS-1.2%VZ-0.1%TMUS-0.7%T-0.4%APP-2.7%CMCSA-0.9%LYVTTWOSKYDTKOFOXAFOXECHOCHTROMCNWSZoom into FinancialsFinancialsBRK.B+0.3%JPM-0.2%V-1.2%MA-1.2%BAC-0.3%MSGSWFCZoom into IndustrialsIndustrialsSPCX+0.1%Zoom into Health CareHealth CareLLY-0.7%JNJ+1.1%ABBVUNHMRKTMOAMGNGILDABTPFEDHRZoom into Consumer DiscretionaryConsumer DiscretionaryAMZN+0.5%TSLA+1.7%HD-0.9%MCDTJXSBUXBKNGHLTCVNAMELIROSTDASHORLYGMZoom into Consumer StaplesConsumer StaplesWMT+0.4%COSTKOPGPMPEPZoom into EnergyEnergyXOM+1.8%CVXCOPZoom into UtilitiesUtilitiesZoom into Real EstateReal EstateZoom into MaterialsMaterials
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Market Summary

Market & SentimentBroad weakness, with the Russell 2000 down 1.64% versus roughly 0.35% for the large-cap indices. Breadth was poor: 380 decliners against 120 advancers, though 68.1% of stocks remain above their 50-day average. Nvidia's 4.34% drop after CEO Jensen Huang's resignation drove the tech tone, while renewed Middle East shipping risk pushed crude higher and lifted yields.

Sectors & StocksEnergy led at +1.51% as oil gained over $1 on Strait of Hormuz disruptions, with Valero up 3.09%. Communication services rose 0.80%. Materials lagged at -1.47% as gold fell 3% to a one-year low, dragging Newmont down 4.92%. Chip names split: AMD rose 5.86% and Broadcom 5.54% on custom-AI-chip appeal, while Nvidia fell 4.34% and Sandisk 4.11%. Moderna dropped 6.97% on 2027 cash-cost guidance.

Rates, FX & CryptoThe 2-year rose 13bp to 4.86% and the 10-year 12bp to 5.10%, leaving 2s10s at 24bp. The move fits oil-driven inflation concern as Middle East peace hopes faded. EUR/USD fell 0.41% and USD/SGD rose 0.26%. Crypto weakened: BTC fell 3.36% to about $71.4k and ETH 1.79%.

Earnings & AnnouncementsCisco beat and said AI infrastructure revenue will double this fiscal year. Cerebras jumped 13% on a revenue beat and a new Microsoft deal. Microsoft bought $1 billion of Anthropic shares in its IPO placement; Amazon's stake was valued at $271.8 billion. SpaceX plans over $74 billion in AI supercomputing spending across Texas and Arizona. FinDog moved Gartner from Neutral to Bullish.

What to Watch Next Trading Day
  • Applied Materials fiscal Q4 results after chip-equipment selloff
  • Treasury reaction to oil and Hormuz shipping risk
  • Nvidia leadership and Intel partnership follow-through
  • Cisco AI infrastructure commentary and networking peers
Top News
  1. Nvidia falls 5% after CEO Jensen Huang resigns
    Nvidia's CEO departure left no named successor, hitting the stock and raising questions about the chip roadmap and the company's $13 billion Intel stake.
    NVDAINTCCNBC11-12 20:01 UTC
  2. Four tankers struck by explosions in Strait of Hormuz
    Iran reported explosions on four tankers in the Strait of Hormuz, a key oil chokepoint. The disruption lifted crude and fed inflation concerns across rates and gold.
    Reuters11-12 16:27 UTC
  3. Houthis say they attacked Saudi East-West pipeline station
    Yemen's Houthis claimed an attack on a pumping station on Saudi Arabia's East-West oil pipeline, adding to supply risk from the region.
    Reuters11-12 20:18 UTC
  4. Fed says October 2027 meeting will not vote on rates
    Fed Chair Kevin Warsh announced that the October 2027 meeting will not include a rate vote, a policy change affecting how markets read the Fed's calendar.
    CNBC11-12 18:11 UTC
  5. Cisco beats, sees AI infrastructure revenue doubling
    Cisco reported better-than-expected results and said AI infrastructure revenue will double this fiscal year as it pushes deeper into AI networking.
    CSCOCNBC11-12 21:20 UTC
  6. Cerebras jumps 13% on beat and Microsoft deal
    Cerebras beat quarterly revenue expectations and announced a Microsoft partnership, adding another major cloud partner alongside Amazon and Oracle.
    MSFTCNBC11-12 21:23 UTC
  7. Microsoft buys $1 billion of Anthropic shares in IPO
    Microsoft purchased $1 billion of Anthropic stock in the AI company's IPO placement, deepening ties days after Anthropic launched a spreadsheet product.
    MSFTAMZNYahoo11-12 18:01 UTC
  8. SpaceX plans $74 billion in AI supercomputing spending
    SpaceX plans to invest more than $74 billion in AI supercomputing facilities in Texas and Arizona, expanding a business now larger than its rockets and Starlink.
    SPCXYahoo11-12 19:52 UTC
  9. Gold drops 3% to over one-year low
    Gold fell 3% to its lowest in more than a year as fading Middle East peace hopes fanned inflation fears, pressuring miners such as Newmont.
    NEMReuters11-12 03:40 UTC
  10. Moderna sinks 7% on 2027 cash-cost guidance
    Moderna guided to about $4 billion in 2027 cash costs and $4–4.5 billion annually through 2030, mostly for oncology, sending shares down 7%.
    MRNAYahoo11-12 19:38 UTC

Stories are selected and summarized by AI from the day's news coverage. Click a headline to read the original. Not investment advice.

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