# Nvidia bounces about 3% on its first morning without Jensen Huang, with producer prices up next Canonical URL: https://mrkts.gg/desk/morning-2026-11-13 Last updated: Nov 13, 2026, 6:25 AM ET Morning brief · Published Nov 13, 2026, 6:25 AM ET > Nvidia is up about 2.8% premarket as finance chief Colette Kress takes over as interim CEO, and the S&P proxy is up about 0.2% after Thursday's yield-driven slide. Microsoft is down about 2.2% after an outage, and Cerebras is up about 18% after its report. October producer prices at 8:30 AM ET decide whether long bonds get a break. ## In short - Stocks are edging higher before the open, with the S&P proxy up about 0.2% and long Treasuries still slipping after Thursday's drop. - Nvidia is up about 2.8% on its first morning under an interim CEO, while Microsoft is down about 2.2% after an outage. - October producer prices land at 8:30 AM ET, forecast at +0.4% after +1.3% in September, and San Francisco Fed President Mary Daly speaks at noon. ## Key numbers - SPY PRE: +0.22% (6:23 AM ET vs Thu close) - QQQ PRE: +0.14% (6:23 AM ET · Microsoft drags) - NVDA PRE: +2.83% (6:23 AM ET · interim CEO) - MSFT PRE: −2.17% (6:22 AM ET · outage) - CBRS PRE: +17.62% (6:23 AM ET · after report) - TLT PRE: −0.23% (6:21 AM ET · yields firm) - VXX PRE: −0.82% (6:14 AM ET · vol eases) - PPI (OCT): 8:30 AM (Prior +1.3% · forecast +0.4%) Friday, November 13 opens with Nvidia's first morning without Jensen Huang. Wires confirm finance chief Colette Kress is interim CEO and that the board has not named a permanent successor. The bigger test comes at 8:30 AM ET, when October producer prices show whether Thursday's jump in yields was justified. ## Setup into the open Thursday closed Choppy: the S&P proxy fell about 0.3% and small caps about 1.6% as long Treasuries dropped about 1.5%. As of about 6:23 AM ET, the S&P proxy is +0.22%, the Nasdaq proxy +0.14%, small caps +0.13% and the Dow proxy +0.15%. Nvidia is +2.83% and the chip ETF +0.63%, but Microsoft is −2.17% and AMD −1.87%. Long Treasuries are −0.23%, the vol proxy −0.82%, crude −0.76%, gold +0.46% and the dollar flat. Bitcoin is near $69,400, about +1.5% since midnight. ## What to watch After Thursday's close, Cisco raised its full-year sales outlook, yet it is down about 2.2% premarket against a calendar estimate of $1.33 a share and an implied move of about 7.1%. Applied Materials is up about 0.9% against $4.06. Cerebras is up about 17.6% against an expected −$0.13 loss and an implied move of about 11.9%. Producer prices come at 8:30 AM ET: headline forecast +0.4% after +1.3%, core +0.3% after +0.7%. Mary Daly speaks at 12:00 PM ET. No major companies report after the close. ## What X is saying Wires report House Speaker Mike Johnson sees growing consensus in Congress on limiting chip exports to China, and that Commerce Secretary Howard Lutnick reportedly agreed to testify on China chip sales. Posts say Cerebras printed its first adjusted profit, and some traders frame it as a winner from Nvidia's turmoil. ## Insight Nvidia's bounce looks like relief at an interim answer, not a verdict on the growing export risk. The bigger driver for the broad market is rates: Thursday's damage came from long bonds, not chips. A hot producer price print would put that pressure back on small caps, while a cool one gives them room. ## Desk stance The mood stays Choppy from Thursday's close: the gains are small and long Treasuries are still slipping. It would move to Grinding at the 9:45 AM ET refresh if long Treasuries turn green and small caps lead, and to Spooked if the S&P proxy falls below about −1% with the vol proxy up more than 5%. ## Scenarios - If If producer prices come in at or below forecast…: Long Treasuries bounce and small caps lead a steady rebound. - If If the print is in line and yields barely move…: Single-stock headlines from Nvidia and Microsoft set the tone. - If If producer prices run hot again…: Long Treasuries extend Thursday's drop and small caps fall more than 1%. - If If new chip export curbs are announced during the session…: Nvidia gives back its bounce and drags the chip ETF and the Nasdaq proxy. --- Get the Desk's daily market feature by email: https://mrkts.gg/newsletter?ref=ai&src=desk-morning-2026-11-13 AI-assisted commentary. Not investment advice.