Reuters reported at 12:07 PM ET on Friday that Nvidia's board approached Arm chief executive Rene Haas as part of a search for a new Nvidia CEO, according to the Financial Times.
What happened
Reuters, citing a Financial Times report published Friday, said Nvidia's board had reached out to Arm CEO Rene Haas in connection with a search for Nvidia's next chief executive. No other details on the search or its timing were included in the Reuters account. This is the first report on the matter and no company statement has been noted.
How the stock has moved
Nvidia (NVDA) traded at $160.62, down 3.35% from the prior close, after the report surfaced midday Friday.
| Measure | Value |
|---|---|
| Price | $160.62 |
| Change from the prior close | -3.35% |
| Market value | $3.87 trillion |
Source: Stock quote; the close before the first report from our saved closes · as of November 13, 2026 at 12:18 PM ET · Shows what the stock did after the news was first reported, not why.
Its suppliers and customers
Nvidia's suppliers and customers named in company filings were broadly lower today. Among suppliers, Coherent fell 8.51%, Corning dropped 6.14%, Micron Technology declined 4.87%, ON Semiconductor slid 4.41%, Qnity Electronics was down 3.82%, and Synopsys eased 2.22%. Among customers, Supermicro fell 2.89% while HP Inc. gained 0.78%. These moves are not described as linked to the Nvidia CEO-search report.
| Company | Role | Stock | Today |
|---|---|---|---|
| Coherent, Inc. | Supplier | COHR | -8.51% |
| Supermicro | Customer | SMCI | -2.89% |
| HP Inc. | Customer | HPQ | +0.78% |
| Synopsys | Supplier | SNPS | -2.22% |
| Qnity Electronics, Inc. | Supplier | Q | -3.82% |
| ON Semiconductor | Supplier | ON | -4.41% |
| Corning Inc. | Supplier | GLW | -6.14% |
| Micron Technology | Supplier | MU | -4.87% |
Source: Relationships named in company filings (Earnings call transcript; SEC 10-K annual report); stock quotes · as of November 13, 2026 at 12:18 PM ET · A supplier or customer moving the same day is not evidence that one move caused the other.