Nvidia's Jensen Huang steps down as CEO, shares slide up to 14%
Nvidia says Jensen Huang has resigned as president, chief executive and board member with immediate effect. Shares fell as much as 14% in a day, according to Moody's.
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what happened
Nvidia said Jensen Huang has immediately resigned as president, chief executive and board member. According to Moody's, the decision was announced on Thursday, November 12, with no explanation given. The board's statement said only that Huang's contributions to the company are “profound.”
Nvidia shares opened at 151.00 dollars after closing the previous session at 173.73 dollars, and at one point fell as much as 14%. According to Vested Finance data, they closed about 4% lower. Between October 6 and November 6, the company's market value dropped from roughly 5.78 trillion to 4.51 trillion dollars, and on Monday nearly 192 billion dollars was wiped out.
Colette Kress is serving as interim CEO while the search for a permanent leader continues.
why it matters
For markets, the key question is succession. Gartner says Nvidia had no plan for Huang's departure, and a typical search for a new chief executive takes six to nine months. Gartner does not expect any impact on delivery of the 2027 and 2028 products, but sees the risk growing from 2029 onward.
market impact
Nvidia shares: leadership uncertainty weighs on the stock and the AI chip sector
- Nvidia shares pressure down — Huang's exit and the lack of a succession plan weaken investor confidence
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on polymarket
sources
- Hard Reset — Moody's, 14 November 2026 at 08:01 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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