Nvidia (NVDA) closed the completed November 11 U.S. regular session at $173.73, up 2.87% from November 10. Separately captured November 12 premarket trading was more than 6% below that close and below the November 10 six-month intraday low of $165.89. Premarket prints can change and do not create a new completed daily candle.
The completed November 11 daily chart places the close below the $217.12 50-day and $204.47 200-day averages. The October 6 six-month intraday high was $243.37; the full high-to-November 10-low decline was 31.84%. A daily reclaim of the $165.89 low would require a later daily retest and close above it. Neither the premarket trade nor the moving averages guarantee a floor or target.
CNBC reported that Nvidia's board met Wednesday to discuss CEO Jensen Huang's future. Nvidia's November 8 board statement and November 10 independent-director statement predate that report. No board decision had been announced at the original source freeze. News timing alone does not prove why the shares moved.
Update, November 12: Nvidia announced that its board accepted Jensen Huang’s resignation as president, CEO and director on November 11, effective immediately. CFO Colette Kress is interim CEO while remaining CFO, and Harvey C. Jones is chair. Nvidia’s SEC Form 8-K confirms the transition. The November 11 completed chart and earlier November 12 premarket observation above remain dated snapshots, not a post-announcement close.
Nvidia scheduled its next financial results for November 17.
For the fuller company review, see Nvidia Stock of the Day and the Nvidia vs AMD comparison. Market research only, not a recommendation to buy or sell.