Nov 13, 2026 · 7 min
Tech stocks stumble on leadership, outage and AI-margin fears
Nvidia Drops, Microsoft Falls, Cisco Down as Order Growth Disappoints
The episode connects three different sources of pressure—executive uncertainty, operational fragility and concentrated AI growth—to the market’s reaction.
- 1Nvidia’s decline reflects investor uncertainty over Jensen Huang’s departure and the leadership challenge facing his successor.
- 2Microsoft remains under pressure as a global service outage disrupts organizations including the UK’s National Health Service, Euronext and UBS.
- 3Cisco beat and raised guidance, but weak order growth and expected gross-margin pressure sharpen concerns about its AI-heavy revenue mix.
Don't miss
Cisco’s shares fall despite a beat-and-raise quarter, highlighting how weak order growth and future margin pressure can outweigh good current results.
The brief
Nvidia’s weekly decline puts leadership risk at the center of the AI trade, as investors weigh Jensen Huang’s departure, succession and the case for stronger board oversight.
Bloomberg Markets Live editor Kristine Aquino joins the Stock Movers Report to examine why Nvidia, Microsoft and Cisco are each facing a different test of confidence.
Microsoft’s continuing service outage turns operational reliability into a market issue, with disruptions reported at the UK’s National Health Service, Euronext and UBS.
Cisco beat and raised its quarter, yet shares fell as order growth missed expectations and anticipated gross-margin pressure made the next fiscal year look harder.
Taken together, the moves show investors challenging not only technology demand, but also leadership continuity, service resilience and the economics of AI-related growth.
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