Business & Finance · November 12, 2026
Nvidia Stock Tumbles After Jensen Huang Resigns as CEO
FreeGet stories like this compared, every morning at 7.
Jensen Huang resigned as the CEO of Nvidia on November 12, 2026, following reports of multiple scandals, including alleged extramarital affairs. The chipmaker's board named Chief Financial Officer Colette Kress as interim CEO to lead the company during the transition. The news caused Nvidia’s stock to drop significantly, falling as much as 14% to 16% during intraday trading before closing down approximately 4.3%. The leadership change comes at a critical time for the artificial intelligence industry, as Nvidia remains the primary provider of chips used to train and power AI models. Markets also noted potential ripple effects for smaller cloud companies and upcoming industry milestones, such as Anthropic's expected initial public offering.
Read the original coverage
Nvidia Stock Tumbles After Jensen Huang Resigns as CEO
Read at The New York Times ↗Nvidia Tumbles as its CEO Jensen Huang Departs Amid Multiplying Scandals
Read at Wall Street Journal ↗- NBC NewsMainstream
Nvidia stock falls after Huang resigns, weighing on broader market
Read at NBC News ↗ - AxiosMainstream
Jensen Huang, an architect of the AI boom, resigns as Nvidia CEO
Read at Axios ↗ - FortuneFinancial
Meet Nvidia’s billionaire interim CEO, Colette Kress—she helped turn the chipmaker into a nearly $4 trillion giant and took home $16 million last year | Fortune
Read at Fortune ↗ - Business InsiderMainstream
Nvidia's CEO is out. Join Business Insider's editors for a live Q&A on what happens now.
Read at Business Insider ↗ - Financial TimesFinancial
Nvidia sends a painful message on how to value a CEO
Read at Financial Times ↗ - Raw StoryIndependent
Bombshell new allegations in Nvidia CEO affairs surface as stocks dive
Read at Raw Story ↗
Reported by multiple outlets
- Jensen Huang resigned as CEO of Nvidia on November 12, 2026
- Colette Kress was named interim CEO following the resignation
- Nvidia's stock price dropped following the announcement
- The broader market or specific indexes closed lower or only slightly changed despite Nvidia's decline
- Nvidia's chips are central to the AI economy and power industry-wide models
Reported by only some outlets
- The resignation followed reports of two affairs, one involving an executive who reported to Huang and another reportedly involving a Chinese spy
- Huang admitted on Sunday to being 'unfaithful' to his wife
- Nvidia's stock wiped out nearly $1 trillion in market value during the month of November
- Colette Kress is a billionaire with an estimated net worth of $1.2 billion
- Anthropic is planning an initial public offering for the following week
- Competitors AMD and Broadcom saw their stock prices advance following the news
Industry-friendly coverage frames it as…
emphasize Nvidia's role as a 'central bank' for AI and the 'significant transformation' guided by Kress; focus on market recovery after initial fears and the resilience of the AI economy
Skeptical / consumer coverage frames it as…
portray the company as being 'thrust into crisis' due to a lack of succession planning and highlight the risk to smaller companies that 'leaned on Nvidia's checkbook'
Numbers that differ
- Intraday stock drop percentage: The New York Times says 'as much as 14 percent'; NBC News says 'diving as much as 16%'
FreeDaily Brief newsletter
Get the 5-minute Daily Brief, with the topics you pick.
The Daily Brief is free
About these outlets
CadNews does not determine absolute truth or endorse political viewpoints. It compares publicly available reporting, identifies shared facts, highlights framing differences, and flags uncertainty.