Global markets decline following Jensen Huang's resignation from Nvidia

On November 13, 2026, European stock markets opened with losses, retreating from recent highs as investor confidence wavered regarding the artificial intelligence sector. The STOXX 600 index fell 0.2% to 662.64 points, with personal and household goods sectors experiencing a 1% decline. Major European indices, including London's FTSE 100, Paris, and Frankfurt, also saw downward trends, while U.S. futures, such as the Nasdaq 100, mirrored this uncertainty.

The volatility was triggered by the abrupt resignation of Jensen Huang, who stepped down as CEO, president, and board member of Nvidia following revelations of extramarital affairs. Investors expressed concern over the future of AI development, as Huang was a central figure in financing the sector's growth. Market sentiment was further pressured by rising oil prices following recent statements from Donald Trump regarding Iran.

Despite the sector-wide nervousness, individual company performance varied significantly. Nvidia's stock dropped 4.3% in Thursday's session, while its competitor AMD gained 5.9%, signaling a shift in investor focus. The company has since appointed an interim CEO to oversee operations during this period of leadership transition.