Nvidia Shares Sink After Huang Is Ousted as CEO
By Connor Hart
Shares of Nvidia tumbled after Jensen Huang, its chief executive and co-founder, resigned, effective immediately.
The stock fell 11%, to $154.33, in premarket trading Thursday, deepening an earlier slump as speculation mounted over Huang's future.
The chip maker said its board has launched a search for a permanent CEO and will consider both internal and external candidates. The process will be overseen by former Synopsys Chief Executive Harvey C. Jones, who has been appointed as the first-ever chairman of the company's board.
Colette Kress, Nvidia's finance chief, will take over as chief executive on an interim basis.
Nvidia's statement thanked Huang for his "immeasurable contributions" to the company and the industry. There was no reason given for his resignation, and no comment from Huang.
Huang's resignation comes after widespread reports of two alleged extramarital affairs--one with a suspected Chinese spy and another with Kimberly Powell, a senior executive at Nvidia who runs the company's healthcare business.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
November 12, 2026 09:35 ET (14:35 GMT)
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