Nvidia shares plunge after Jensen Huang resigns as CEO, CFO named interim chief
+184 new sources since this summary was written
Nvidia announced that co‑founder Jensen Huang resigned as chief executive and board member with immediate effect. The board appointed CFO Colette Kress as interim CEO. The news sent the stock down about 11% in pre‑market trade, wiping roughly $460 billion from market value. Nvidia will report its fiscal Q3 results on 17 November under the interim leadership.
Why it matters
The resignation creates leadership uncertainty and a massive market‑value loss, which could affect investor sentiment ahead of the upcoming earnings release. The earnings call on 17 November will be the first under interim CEO Kress, and analysts will watch for guidance and any impact of the leadership change.
Key facts
- 1Jensen Huang resigned as CEO and board member with immediate effect. businessupturn.com
- 2CFO Colette Kress was appointed interim CEO. businessupturn.com
- 3Pre‑market price was $154.68, down $19.05 or 10.97% from the prior close of $173.73. businessupturn.com
- 4The decline represents an estimated $460 billion loss in market capitalisation on a prior market cap of about $4.19 trillion. businessupturn.com
- 5Nvidia will report its fiscal 2027 third‑quarter results on 17 November 2026. businessupturn.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.