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US Stock Analysis and Analyst Forecasts — November 12, 2026

Nvidia fell about 4% after CEO Jensen Huang's sudden resignation triggered ten analyst downgrades, AMD and Broadcom gained about 6% as the market dipped, oil and Treasury yields climbed, and Applied Materials beat estimates and guided above expectations but slipped after hours.

None of the following is our own view on any stock — it is a same-day record of market action, analyst activity and company news across the tracked universe on Thursday, November 12, 2026.

U.S. equities closed modestly lower, weighed down by one stock. The S&P 500 slipped about 0.35%, the Dow Jones Industrial Average shed about 0.36% and the Nasdaq Composite fell about 0.39%. Higher energy prices and bond yields added pressure: Brent crude rose roughly 4% to settle near $96.10 a barrel and U.S. crude gained about 3% to just under $89, after President Trump said he does not plan to pursue a peace deal with Iran, while the 10-year Treasury yield finished near 5.125%, its highest in several weeks, on expectations that the Federal Reserve could raise rates again. Gold fell close to 2.8% to roughly $3,875 an ounce and Bitcoin dropped about 3% to near $71,500.

The story of the day was Nvidia (NVDA). The company announced that co-founder Jensen Huang had stepped down as chief executive and as a board member with immediate effect, following reports about his personal conduct, and that Chief Financial Officer Colette Kress would serve as interim CEO while the board searches for a permanent successor. The stock fell by as much as 14% at one point before recovering and closed down roughly 4%, after a larger decline in after-hours trading the previous evening.

Wall Street reacted with a wave of rating changes. Ten analysts moved to a neutral stance over two days. Truist cut Nvidia to Hold from Buy with a $174 target, citing risks to corporate culture and to future revenue visibility. Bernstein moved to Market Perform and halved its target to $200 from $400, Evercore ISI went to In Line with a $186 target versus $465 before, and KeyBanc moved to Sector Weight, pointing to greater execution risk without a successor in place. Melius and Craig-Hallum also went to Hold with targets of $185 and $180, while William Blair, Oppenheimer and StoneX stepped back to neutral stances without a current target; Baird had cut to Neutral with a $200 target the day before. Even so, the broader analyst group still leans positive on balance, with 27 Buy and 10 Hold ratings and no Sells, and an average target of about $257.

Rivals moved the other way. Advanced Micro Devices (AMD) rose about 6%, helped by a William Blair upgrade that sees its AI accelerators gaining share from Nvidia and Intel, while Broadcom (AVGO) gained about 5.6% and Arista Networks (ANET), Alphabet (GOOGL) and Tesla (TSLA) also outperformed. Among decliners, Boeing (BA) and American Express (AXP) lagged, as did Strategy and CoreWeave, which sit outside our tracked universe. Nebius, also untracked, plunged about 18% after trimming the top end of its 2026 revenue outlook on data-center delays and raising its spending plans to roughly $27 billion. Oracle (ORCL) slipped about 1% after HSBC named it among 11 stocks to buy into the sell-off.

After the close, Applied Materials (AMAT) reported fiscal fourth-quarter results: adjusted earnings of $4.16 per share against a $4.06 consensus, and revenue up about 52.9% from a year earlier to $10.4 billion versus $10.3 billion expected. Its first-quarter outlook of $11.1 billion in revenue, plus or minus $500 million, and adjusted earnings of $4.35 per share, plus or minus $0.20, was above analyst expectations of $10.84 billion and $4.25. The shares still slipped about 3.6% in after-hours trading. Cisco (CSCO) was also scheduled to report after the bell, with analysts looking for about $18.1 billion in revenue and adjusted earnings of $1.33 per share.

Looking ahead, Walmart (WMT) reports third-quarter results on November 19, and options markets are pricing a move of nearly 7% in either direction.

As always: a price target is one firm's estimate rather than a forecast of what a stock will do, a single report can move a stock far from where the consensus sits, and none of this is a recommendation to buy or sell anything.

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Published 2026-11-12. Market commentary, not investment advice. Prices are delayed end-of-day data.