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Nvidia Shares Drop 4.3% After Jensen Huang Resigns

Nvidia Shares Drop 4.3% After Jensen Huang Resigns

Thairath•International•21m ago

Reader Briefing

Nvidia shares fell and the US market became volatile following the resignation of CEO Jensen Huang.

  • •Jensen Huang resigned as CEO of Nvidia on Thursday, November 12, 2026.
  • •Nvidia shares closed down 4.34% on November 12, 2026, after an initial drop of 14.35%.
  • •Collette Kress, the CFO, will serve as acting CEO of Nvidia.
  • •The resignation followed revelations of Jensen Huang's extramarital affairs, including one with an alleged Chinese spy.

Overview

  • •Jensen Huang stepped down as CEO after revelations of two extramarital affairs, one involving a woman alleged to be a spy for China.
  • •Collette Kress, the CFO of Nvidia, will act as the acting CEO while the board considers internal and external candidates for a permanent successor.
  • •Nvidia shares dropped as much as 14.35% at market open before closing down 4.34%, resulting in a market value loss of approximately 182 billion US dollars.
  • •The decline of Nvidia shares led to a 0.39% drop in the Nasdaq index and a 0.35% drop in the S&P 500 index on November 12, 2026.
  • •AMD shares rose by 5.86% and Broadcom shares rose by 5.54% on November 12, 2026.
  • •CoreWeave, a company supported by Nvidia, saw its shares fall by 6.86%.
  • •Since reaching a record high on October 6, Nvidia shares have decreased by 30.5%, representing a market value loss of approximately 1.76 trillion US dollars.

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Key Entities

Person

Jensen Huang(เจนเซน หวง)ℹ️
The co-founder and former CEO of Nvidia who resigned following revelations of extramarital affairs.
Collette Kress(โคเล็ตต์ เครสส์)
The CFO of Nvidia who will serve as the acting CEO.

Organization

Nvidia(เอ็นวีเดีย)ℹ️
A major global AI chip manufacturer and designer.
Nasdaq(แนสแด็ก)ℹ️
A US stock market index that decreased by 0.39% on November 12, 2026.
S&P 500ℹ️
A US stock market index that decreased by 0.35% on November 12, 2026.
AMD(เอเอ็มดี)ℹ️
A major chip manufacturer whose shares rose 5.86% on November 12, 2026.
Broadcom(บรอดคอม)ℹ️
A chip manufacturer whose shares rose 5.54% on November 12, 2026.
CoreWeave(คอร์วีฟ)ℹ️
A company supported by Nvidia whose shares fell 6.86%.

Place

China(จีน)ℹ️
The country for which one of Jensen Huang's extramarital partners was allegedly a spy.