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Nvidia Stock Falls 4% After CEO Jensen Huang Resigns

SEC EDGAR2 min read6 sources

Why did Nvidia stock fall 4%?

Nvidia (NVDA) stock fell about 4% on Thursday after CEO Jensen Huang resigned over reported affairs, leaving CFO Colette Kress as interim CEO and the shares roughly 30% below their October record.

Key numbers

Nvidia, Thursday close-4.3%after a 13%+ drop at the open
Biggest intraday drop-14%other reports say 13%
Market value at Thursday close$4.0Tfrom $4.5T a week earlier
Below Oct 6 record~30%record $239.24 (per [2]); reported prices differ
Nvidia, Friday so far-2%extending the slide

What happened

Nvidia (NVDA) stock fell about 4% on Thursday after CEO Jensen Huang resigned over reported affairs, leaving CFO Colette Kress as interim CEO and the shares roughly 30% below their October record. Huang left the CEO job and the board immediately, and the company's regulatory filing gave no reason. Shares dropped more than 13% when trading opened, then recovered most of that by the close. Kress keeps her finance role while the board searches for a permanent CEO. On Friday, shares traded about 2% lower.

Why it matters

Nvidia makes the chips that power most artificial intelligence (AI) systems, and it has lost its leader just days before it reports earnings on November 17. Analysts had warned that Huang's exit could cost the company as much as 20% of its value. At about $4 trillion, Nvidia is so large that its ups and downs can pull on the wider stock market and on funds that hold it.

Who this affects

Marketbearish
Medium impact
Nvidia holders face losses while other chip stocks diverge.
Companybearish
High impact
Nvidia loses founder-CEO; shareholders face uncertainty and losses.
Competitorsbullish
Low impact
AMD and Broadcom shares rose as Nvidia stumbled.
Industrymixed
Medium impact
AI chip industry questions founder-dependence at its biggest supplier.

Nvidia vs AMD, Broadcom, Intel

NvidiaNVDA$4.0T-4.3%
AMDAMD—+3%
BroadcomAVGO—+5%
IntelINTC—-2%+

As of 2026-11-12

How we got here

  1. Nvidia shares hit a record high of $239.24 (per).

  2. Board accepts Huang's resignation after a second affair report; Kress named interim CEO.

  3. Shares fall over 13% at the open, then close down about 4%.

  4. Shares trade about 2% lower as investors weigh the departure.

What to watch

  • Nvidia reports quarterly earnings, its first report since Huang resigned.2026-11-17
  • Board's search for a permanent CEO, open to internal and external candidates.Ongoing

Educational content only. Not investment advice.

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