Nvidia stock plunges 14% to over one-year low as Jensen Huang quits amid affair; market cap falls below $4 trillion
Mint 5 hrs ago·12 Nov 2026, 2:39 pm
Nvidia shares dropped sharply, falling to a one-year low as the company announced a major leadership change. CEO Jensen Huang has resigned after 33 years, ending his tenure at the helm. The board has appointed CFO Colette Kress as interim CEO while they search for a permanent replacement. Additionally, Harvey C. Jones has been named the company’s first board chairman.
This sudden shift in leadership is a significant development for investors. Huang has been a central figure in driving Nvidia’s growth, and his departure raises questions about the company’s future strategy. The market reacted quickly, wiping out a large portion of Nvidia’s value in a single session. The company’s market capitalization has fallen below the $4 trillion mark.
Investors should watch for updates on the search for a new CEO. The market will likely scrutinize the board’s choice of a successor to ensure it aligns with Nvidia’s long-term vision. The interim leadership will also need to provide clarity on the company’s direction to stabilize investor confidence.
Excerpt from Mint
Nvidia shares fell 14.3% to $148.80 after CEO Jensen Huang resigned, ending his 33-year tenure. CFO Colette Kress was named interim CEO as the board searches for a permanent successor. Harvey C. Jones was appointed the company’s first board chairman. Nvidia shares came under heavy selling pressure at Thursday's open,…Read the original at Mint
Key takeaways
- Category: Company.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
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