Intel Stock Falls 3% as Nvidia Leadership Change Raises Doubts
Intel's stock fell nearly 3% on Friday, November 13, 2026, marking its second consecutive daily decline amid concerns that leadership changes at Nvidia could negatively impact Intel's operations. Nvidia, a business partner and major shareholder holding roughly $13 billion in Intel stock, recently replaced CEO Jensen Huang with interim chief Colette Kress. This leadership shift has raised doubts about the future of Nvidia's investment in Intel and their collaboration on custom x86 central processing units. The decline occurred during a turbulent week for the semiconductor industry, with broader tech stocks also suffering. Intel's shares closed at $59.66, down from a 52-week high of $142.35, reflecting ongoing market uncertainty about the company's prospects.