Nvidia Slides 12.75% as Nasdaq Futures Gain 3% Before Earnings

Nvidia shares (NVDA) fell 12.75% in the week ended November 13, 2026, while E-mini Nasdaq 100 Falls 1.7%">Nasdaq-100 futures (NQ) gained 3.02%, Fazen Markets data shows. At 17:08 UTC on November 15, NVDA traded at $162.85, down 6.26% on the day, inside a $158.39-$170.00 range. The divergence matters because Nvidia is widely treated as a barometer of the artificial intelligence trade, and the gap between the stock and its benchmark now frames the next test near $167-$174.

Context — why the Nvidia-Nasdaq gap matters now

The report's own comparable is the week itself. Nvidia lost 12.75% while the broader benchmark it is usually grouped with gained 3.02%. That is not a small relative move; it is a separation between one bellwether and the index that contains it.

What changed inside that week is visible in the daily sequence. On Monday, November 9, Nvidia opened near $173 after the prior Friday's $186.64 close, recovered toward $179, and still finished lower. Tuesday brought renewed selling. Wednesday lifted the stock to $177.54 before it settled at $173.73.

Thursday was the outlier. Nvidia opened near $151 on November 12 and traded across a $148.80-$167.14 range, recovering to roughly $166 by the end of the first four-hour period and closing at $166.19. Volume reached about 747.7 million shares, more than four times the prior 20-session average.

Friday reframed that recovery. Nvidia opened near $170, briefly touched it, then traded down to $158.39 before closing at $162.85. A trader encouraged by Thursday would have wanted the stock to hold above $170 and challenge Wednesday's highs. It did not.

Two company developments now sit on top of the price action. Nvidia confirmed on November 12 that Jensen Huang had resigned as CEO and that CFO Colette Kress would serve as interim chief executive. Third-quarter fiscal 2027 results are scheduled for Tuesday, November 17, at approximately 4:20 p.m. Eastern, with a conference call at 5 p.m. Eastern. The report notes Nvidia's relative weakness was already evident before the leadership announcement, so the price gap cannot be attributed to that news alone.

Data — what the numbers show

Metric	Value
NVDA weekly decline	-12.75%
NQ weekly gain	+3.02%
NVDA close, Nov 13	$162.85
NVDA Nov 13 range	$158.39-$170.00
Nov 12 range	$148.80-$167.14
Nov 12 volume	~747.7 million shares
Prior Friday close	$186.64

Before and after: Nvidia closed the prior Friday at $186.64 and finished the following Friday at $162.85. The November 12 session alone spanned $148.80 to $167.14, a range wider than the eventual weekly close implies.

The peer comparison is the index itself. NQ futures closed Friday at 27,927.25 after reaching a 27,695.25 low, and still finished the week higher. Nvidia finished the week sharply lower.

The longer-horizon gap is larger. Nvidia ended Friday roughly 22.5% below October's estimated lower trading-value boundary near $210.21. Nasdaq futures finished about 1.1% below their October equivalent near 28,232.75. The report flags these volume-based estimates as approximate, but the magnitude of the difference is the point: Nvidia needs far more structural recovery than the index to revisit its October trading region.

Analysis — what it means for markets and tickers

The immediate read is relative weakness concentrated in one name rather than broad technology deterioration. If that holds, the exposure sits with AI-linked equities that trade on Nvidia's read-through — semiconductor and AI infrastructure names — while the index itself absorbs the shock. The report does not quantify that read-through, so the size of any spillover remains unmeasured.

The counter-argument deserves weight. Thursday's session showed buyers could push the stock from $148.80 to $166.19 on heavy volume, and Friday did not break Thursday's $148.80 extreme. A single failed recovery attempt is not proof that sellers have regained full control.

Positioning cuts both ways. Bulls need to reclaim and hold $167-$174, then defend it on a retest. Bears are watching whether $158-$162 holds; a sustained break puts the November 12 low of $148.80 back in play. Friday's close sat below the estimated center of the week's trading activity but inside its estimated value area — weak positioning, not a confirmed breakdown.

The acknowledged limitation is methodological. The $167-$172 point-of-control estimate is a reference area, not a support or resistance line, and the report states the available price observations cannot establish who initiated Thursday's move or the exact intraday sequence. Execution risk is also elevated: a stock can gap through multiple technical levels after a major announcement, and stop orders cannot guarantee their intended price.

Outlook — what to watch next

The first catalyst is Nvidia's third-quarter fiscal 2027 earnings on Tuesday, November 17, at approximately 4:20 p.m. Eastern, followed by the 5 p.m. Eastern call. The second is how the market treats the interim CEO transition under Colette Kress.

For Nvidia, watch whether bulls reclaim and defend $167-$174, then the more demanding $177-$181 region, which includes the observed $179.92 weekly high. Failure there returns attention to $158-$162 and, if weakness persists, $148.80.

For Nasdaq futures, the comparison is recovery above 28,000-28,115 versus deterioration below 27,585-27,725, a zone containing Friday's 27,695.25 low. A sustained NQ loss there, alongside Nvidia below roughly $158-$160, would be the stronger cross-market evidence of deterioration.

Frequently Asked Questions

What does Nvidia's 12.75% weekly decline mean for retail investors?

It means the stock moved far more than the index it is usually grouped with. Nvidia fell 12.75% while E-mini Nasdaq-100 futures gained 3.02% in the same week. For a long-term holder, the relevant question is different from a short-term trader's: regaining $174 would improve the short-term chart but would not restore the prior technical structure or establish that the stock is cheap.

Why did Nvidia fall while Nasdaq futures rose?

The report does not attribute the gap to a single cause. It notes Nvidia's relative weakness was already evident before the November 12 leadership announcement, and that the CEO resignation and earnings date are separate developments layered on top of existing price weakness. The comparison also uses Nvidia's stock-market sessions against the longer trading sessions of continuous NQ futures.

What happens if Nvidia breaks below $148.80?

That level is the November 12 observed low and the next reference below the $158-$162 defensive area. The report treats a break as a test rather than a guaranteed continuation: a temporary break followed by a strong recovery would carry different implications from repeated failures to regain the price. Earnings on November 17 could produce a gap through multiple levels.

Bottom Line

Nvidia's 12.75% weekly drop against a rising Nasdaq future is the divergence that defines Tuesday's earnings test.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. CFD trading carries high risk of capital loss.