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Jensen Huang Resigns, Nvidia Shares Tumble
Collette Kress will lead Nvidia while the board searches for a permanent replacement after Huang’s exit rattled investors and raised export-law concerns.
- Jensen Huang resigned today as CEO of Nvidia, the company he co-founded, following reports of affairs with Nvidia vice president of healthcare Kimberly Powell and Alice Huang, described as a suspected Chinese spy.
- Sunday's email from Huang to 42,000 employees admitting to infidelity triggered a market selloff, erasing nearly 10 per cent—or $430 billion—from Nvidia's value in just two days of trading.
- CFO Collette Kress will serve as interim CEO while the board searches for a permanent replacement; analysts warn that Huang's departure could knock 25 to 30 per cent off Nvidia's value.
- The US Department of Commerce is investigating potential chip export law violations involving a Singaporean firm, while investors are monitoring competitor AMD as an inverse indicator of Nvidia's future performance.
- Despite the leadership crisis, Nvidia remains in strong financial shape, and investors will scrutinize next Tuesday's earnings call for insights into how the company will operate without its visionary founder.
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As CEO Jensen Huang, who has led Nvidia for 33 years, stepped down on the 12th (local time), Nvidia's stock opened trading at approximately $150, down about 13% from the previous close. As a result, Nvidia's market capitalization fell below $4 trillion (approximately 5,341.6 trillion won) for the first time since July 2025. Major Wall Street investment banks unanimously lowered their target prices for Nvidia. Citigroup's target price
The Nvidia action plunges 13% into Wall Street after his boss's resignation on Thursday.
·Montreal, Canada
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elnorte.com
elnorte.comNvidia's shares fell just over 4%, after plummeting up to 13% due to the announcement of CEO Jensen Huang's resignation.
·Monterrey, Mexico
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