Nvidia Shares Rise in Premarket Trading as Investor Focus Turns to Leadership Change

By Joe Stonor

Nvidia shares staged a modest recovery in premarket trading following a sharp selloff triggered by the resignation of longtime chief executive and co-founder Jensen Huang, as the focus shifts to the company's new leadership.

Shares were up 1.8% at $169.22 premarket, having fallen more than 4% in the previous session. They are currently down 17% over the month-to-date, and down by more than 9% for the year--on track for their worst annual performance since 2022.

The chipmaker said Thursday that finance chief Colette Kress had agreed to serve as interim CEO until a permanent successor is named. The board is starting a search for the company's next CEO and will consider internal and external candidates. Nvidia's board also appointed longtime director Harvey C. Jones to become its first-ever chair.

Nvidia's third-quarter results next week will be closely watched for any near-term direction on the chip company's share price after Huang's resignation, XTB's Kathleen Brooks wrote.

"While we expect another monster report and we fully expect earnings to come in above estimates of $108 billion, it's the future outlook that is more important than ever for Nvidia's share price," Brooks said.

Huang resigned following reports of two extramarital affairs, including one with a suspected Chinese spy and another with an employee.

Write to Joe Stonor at josephmichael.stonor@wsj.com

(END) Dow Jones Newswires

November 13, 2026 07:56 ET (12:56 GMT)