THE THURSDAY TAPE
NVIDIA SHOCKWAVES. RED SCREENS. A LOADED NHL BOARD.
THURSDAY, NOVEMBER 12, 2026 • THE TRADEZ DESK / MARKET NOTES
HELLO, TRADERZ
Happy Thursday! We’re waking up to red screens, a major shake-up in the AI trade, and a full night of hockey, football, and Minnesota playoff action. Plenty to watch. Not every opportunity is worth chasing. Let’s get into it.
THE BIG STORY | NVIDIA & THE AI TRADE
Jensen Huang is out as NVIDIA CEO, effective today, with CFO Colette Kress stepping in as interim CEO. That’s a massive leadership change at the company that has helped define the AI trade. NVDA is under pressure as markets digest the news. My gut wants to ask whether this is a buying opportunity; my risk-management brain is asking what we still don’t know.
Does this change the long-term demand for AI infrastructure, or does it change how investors value the company and its leadership? I’m watching price action, management’s next steps, and the broader semiconductor complex. I’m not calling the bottom, and I’m not treating a sharp drop as an automatic discount.
Source: NVIDIA Newsroom, “NVIDIA Announces CEO Transition,” Nov. 12, 2026. https://nvidianews.nvidia.com/news/nvidia-announces-ceo-transition
MARKET PULSE | STONKS, GRAINS & CRYPTO
Stonks — The morning is starting in the red, with NVIDIA dominating headlines. Volatility is back, and patience matters as much as conviction.
Grains — A lot of red across the board today. I’m watching whether downside pressure keeps building or whether buyers eventually show up with some conviction.
Crypto — Bitcoin and Ethereum are also trading lower in the morning snapshot. Not every red day needs a trade.
LAST NIGHT’S FILM ROOM | 2–4 ON NHL WINNERS
Not my finest night handicapping hockey. I liked Buffalo, Calgary, Edmonton, Vegas, Anaheim and San Jose. Vegas and Edmonton came through; four others did not. Edmonton also needed overtime rather than winning by multiple goals. Here’s the scorecard — no spinning it.
MY READ
FINAL SCORE
RESULT
BUF over TB
TB 8–3 BUF
MISS
CGY over NYR
NYR 3–1 CGY
MISS
EDM over PHI
EDM 3–2 PHI (OT)
WIN*
VGK over UTA
VGK 5–3 UTA
WIN
ANA over NSH
NSH 4–2 ANA
MISS
SJ over PIT
PIT 3–2 SJ
MISS
*Correct winner, incorrect projected margin. These are game-outcome reads, not a statement of Kalshi trading P&L.
TONIGHT’S NHL WATCHLIST
CAR vs SEA — Carolina is a wagon. I expect the Hurricanes to control this matchup. This one is part of the NHL Global Series in Finland.
MIN at TOR — Good matchup for the Wild. I’m leaning Minnesota and keeping an eye on the latest Faber availability news.
TB at CBJ — Tampa just hung eight on Buffalo. They’re on a back-to-back, but I’m leaning Lightning.
MTL at BOS — Two teams I respect. Should be a great game; slight Montreal lean.
COL at OTT — Prices look close. Give me Colorado.
WSH at NJ — I like New Jersey to win by a couple.
DET at FLA — Give me Florida.
WPG at DAL — Give me Dallas.
BUF at CHI — Buffalo needs a response after last night. Chicago offers the opportunity; give me the Sabres.
STL at UTA — Near a pick’em in my snapshot. I like the Mammoth.
NYI at LA — Give me the Islanders.
THURSDAY NIGHT FOOTBALL | COMMANDERS AT GIANTS
We’ve got Washington at New York on Prime tonight. The Kalshi prices in my snapshot are nearly even, and I’m leaning Giants. At a near pick’em, I’d rather watch the first few drives than force an entry just because it’s a national TV game.
MINNESOTA FOOTBALL | ROAD TO THE BANK
Good luck to every Minnesota high school football program playing in the state tournament this week. Quarterfinals are underway, including Prior Lake against Rosemount tonight. Play hard, enjoy the moment, and earn your shot at the next rounds and a trip to U.S. Bank Stadium. Should be an electric night of football across the state.
GET IN THE MIX
P-Mac Tradez is where I share the market moves, sports watchlists, trading lessons and occasionally the bad reads too. For my lacrosse crowd, The Coaches Box is still rolling with film breakdowns, coordinator content and resources for coaches.
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Drop your biggest market question or your strongest NHL lean in the community. Where is everybody seeing opportunity today? Happy trading — P-Mac.
DISCLOSURE • Personal commentary as of the morning of Nov. 12, 2026; not financial advice or a guaranteed prediction. Quotes and opinions can change. Trading event contracts, stocks, commodities and crypto carries risk of loss. Kalshi link is a referral link and may provide me a benefit.
