Who will succeed Jensen Huang at Nvidia? Analysts weigh in.

Nvidia's CEO Jensen Huang resigned, citing personal reasons, causing a selloff in AI infrastructure stocks. Nvidia shares fell 5% to $164.33. Affected companies include CoreWeave (CRWV, -7%), IREN (IREN, -8.5%), TeraWulf (WULF, -2%), and Nebius (NBIS, -18%). Nebius also reported disappointing revenue guidance. U.S. intelligence officials suspect Huang's resignation may be linked to national security concerns, though Nvidia has not confirmed this.

Nvidia's stock initially dropped 13% after CEO Jensen Huang's resignation due to a scandal, but rebounded to around $167 by noon. The tech industry has faced challenges, with AI stocks declining post-midterms and Google's 12.6% drop after missing earnings. Nvidia previously held the record for the largest one-day loss in U.S. trading history, losing $593 billion in value.

Nvidia (NVDA) announced CEO Jensen Huang's resignation and named CFO Colette Kress as interim CEO. Shares dropped 14% following the news. Kress has been CFO since 2013, overseeing revenue growth from $4.28B to $215.9B. Huang's exit follows an investigation into personal misconduct.

Nvidia's co-founder and CEO Jensen Huang resigned after reports of extramarital affairs, including one with a woman U.S. intelligence suspects is a Chinese spy. Colette Kress, the CFO, is now interim CEO. Nvidia shares fell 5% on the news. The scandal raises questions about Nvidia's leadership and potential U.S.-China trade tensions.

Nvidia options traders adjusted positions following CEO Jensen Huang's departure, with some betting on a long-term recovery. Options volatility surged, but investors rolled bullish positions into 2027 and bought call options. Nvidia shares fell 4.84% to $165.40, with 90-day implied volatility rising to 52%.

Alibaba (BABA) shares dropped 7% to $94.77 amid reports of stricter US restrictions on Chinese firms accessing advanced AI chips. The US Commerce Department may block remote access to processors, affecting Alibaba's cloud computing plans. Alibaba's ties to Nvidia partner Megaspeed, linked to Chinese intelligence, also raised concerns. Nvidia's CEO resigned over the controversy. Alibaba reports Q3 earnings on November 19, with its T-Head semiconductor unit planned for a Hong Kong IPO.