Stocks Fall as Huang Resigns, Nvidia Turns to CFO
Channel: Bloomberg Television
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Read a transcript preview of “Stocks Fall as Huang Resigns, Nvidia Turns to CFO” from Bloomberg Television, uploaded on 2026-11-13.
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Language: English (original, creator captions)
[0:01] The countdown is on. Everything you need to get the edge at
[0:05] the end of the market day. This is the close.
[0:11] An AI boom and a CEO bust. Live from studio two here at Bloomberg
[0:16] headquarters in New York. I'm Romaine Bostick, and I'm Jasmine.
[0:19] And we're kicking you off to the closing bell here in the U.S..
[0:22] Let's get a check on where markets stand right now.
[0:24] The S&P 500 down just about 2/10 of a percent coming off of those lows, after
[0:28] it was down as much as 9/10 of a percent earlier.
[0:32] But looking at chipmakers of course Nvidia coming off those lows but still
[0:35] was down as much as 14% earlier at one point erasing more than $600 billion.
[0:41] But you're seeing actually if you're looking at AMD and then also Broadcom,
[0:46] those are catching a bit. The two best performers in the S&P 500.
[0:49] You also saw William Blair upgrading AMD to outperform previously market perform
[0:54] here. As you're seeing other quarters of sell
[0:57] side looking into the eye trade here. And then of course oil prices.
[1:00] Brent crude actually up more than 3% right now, trading around close to $96 a
[1:07] barrel. You had Trump declaring that the U.S.
[1:09] doesn't need a deal with Iran. But if you look over what's happening
[1:12] with the U.S. ten year Treasury yield five spot one
[1:15] here. So crossing back above that 5% level
[1:17] remain. Well, we go back to Nvidia.
[1:19] The shares down 3% down as much as 14% on the day.
[1:22] And we're going to spend most of the show discussing that stunning departure
[1:26] of Jensen Wong from the chip company he and two fellow engineers sketched out