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● LIVE Updated 42m ago · 15 sources tracked

Nvidia Stock Plunges After Jensen Huang Resigns as CEO

Nvidia shares plunged following the resignation of Chief Executive Officer Jensen Huang, triggering a broader market retreat. Individual investors rushed to buy the dip as markets weighed the departure alongside corporate governance issues, leadership shifts, and forthcoming earnings. Colette Kress took over as CEO. Financial figures pointed to severe market reactions, with sources reporting Nvidia stock falling approximately 12.7 percent over five trading sessions to close at $162, while other figures noted drops of 10 percent and 22 percent.

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  • ✓ Jensen Huang has resigned as Nvidia CEO.
  • ✓ Colette Kress took over following the CEO departure.
  • ✓ Nvidia stock fell approximately 12.7 percent over five trading sessions, closing at $162.
  • ✓ Individual investors rushed to buy the dip in Nvidia stock.
🛡️ Source Corroboration: 15 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

Jensen Huang resigned as Nvidia CEO, prompting a steep drop in the company's stock price and leadership succession by Colette Kress.

Live updates

  1. Nvidia Shares Plunge After Jensen Huang Resigns Amid Scandal

    Nvidia shares plunged following the resignation of Chief Executive Officer Jensen Huang, triggering a broader market retreat. Individual investors rushed to buy the dip as markets weighed the departure alongside corporate governance issues, leadership shifts, and forthcoming earnings. Colette Kress took over as CEO. Financial figures pointed to severe market reactions, with sources reporting Nvidia stock falling approximately 12.7 percent over five trading sessions to close at $162, while other figures noted drops of 10 percent and 22 percent.

    Why it matters

    Jensen Huang's departure places the center of the artificial intelligence economy under intense pressure during a period of corporate turmoil. Key House intelligence lawmakers urged a probe of Huang's relationship with an alleged Chinese spy. Meanwhile, the board investigated a relationship between Huang and an Nvidia executive who reports to him.

    What is confirmed

    • Jensen Huang has resigned as Nvidia CEO.
    • Colette Kress took over following the CEO departure.
    • Nvidia stock fell approximately 12.7 percent over five trading sessions, closing at $162.
    • Individual investors rushed to buy the dip in Nvidia stock.

    Still unconfirmed

    • Key House intelligence lawmakers urged a probe of Huang's relationship with an alleged Chinese spy.
    • Jensen Huang had a relationship with an Nvidia executive who reports to him.
    • The Nvidia board weighed a move to oust CEO Jensen Huang.

    What to watch next

    • Upcoming Nvidia earnings reports and corporate governance disclosures
    • Further developments from House intelligence lawmakers regarding probes
    • Broader market stabilization and recovery of Nasdaq-100 futures
    Sources used for this update (20)
    1. www.zerohedge.com — Futures Rise, Oil Slides As Iran's Supreme Leader Talks Peace And Shrugs Off Ras Tanura Attack
    2. The New York Times — Jensen Huang Said to Have Had Relationship With Nvidia Executive Who Reports to Him
    3. CBS News — Nvidia's stock dives as chipmaker's board weighs move to oust CEO Jensen Huang
    4. CNBC — Nasdaq-100 futures slide, dragged lower as Nvidia sell-off resumes: Live updates
    5. MarketWatch — Stock Market Today: Dow seen steady as S&P 500 and Nasdaq set to retreat on concerns Jensen Huang may be ousted from Nvidia — live updates
    6. WSJ — Nvidia Live Updates: NVDA Stock Price Tumbles Over CEO Jensen Huang Crisis
    7. Business Insider — 'Big Short' Michael Burry says to 'get out' of Nvidia stock on CEO Jensen Huang's exit
    8. The New York Times — Nvidia Stock Plunges After Jensen Huang Resigns as CEO
    9. The New York Times — Jensen Huang Resigns as Nvidia CEO After Affairs: Live Updates
    10. NBC News — Nvidia is at the center of the AI economy. What happens now?
    11. The Atlantic — A $5.7 Trillion Face-Plant
    12. Politico — Key House intel lawmakers urge probe of Huang’s relationship with alleged Chinese spy
    confidence 90%
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