This week has been a mess for Nvidia, with its CEO, Jensen Huang, admitting to an affair on Sunday, only for a second affair allegation to come out yesterday. Today, Nvidia shares started as low as $151 in pre-market trading, but have since bounced back to between $163 and $166 in the opening hours of Nasdaq trading after the announcement of Jensen Huang's retirement as CEO.

One might assume a downward trajectory with Huang's resignation, and CFO Colette Kress replacing him, as it could flag instability to shareholders, but the stock price now sits where it once sat on Wednesday, November 11 at 5 PM ET. The Nvidia stock price has been unruly this week, dipping by $15 between Friday night and Monday morning, then climbing to $181 by the end of Monday, then once again dropping to $167 on Tuesday.

But, importantly, this morning saw the worst trade open for Nvidia stock since June 2025, just before the memory crisis started. The jump from $151 to around $165 represents a 10% increase for the company.

Naturally, stocks are a fickle business, and, famously, the 'dead cat bounce' effect describes a moment in a stock decline where it briefly recovers. But Nvidia, even with a big loss in market cap value, is still an incredibly successful company worth multiple trillions of dollars at the time of writing.

I had my eye on the trading value this morning, somewhat expecting a decline after the opening, given the drop overnight, and it's easy to see why.

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