From The Economic Times · Bloomberg · · 1m 10s
Nvidia stock drops as Huang exits
Nvidia shares plummet after Jensen Huang's ouster, marking worst week since Trump tariffs.
In brief
Nvidia shares plummet after Jensen Huang's ouster, marking worst week since Trump tariffs. Nvidia stock fell 13% in one week, its worst decline since April 2025, after Jensen Huang resigned as CEO amid scandal and Trump-era tariffs. Originally reported by The Economic Times.
Nvidia stock drops
Nvidia shares fell 13% in one week, the worst decline since April 2025, after Jensen Huang resigned as CEO.
Huang's scandal
Huang admitted to an affair with an alleged Chinese spy and another employee, leading to his removal by the board.
Market impact
Nvidia erased $570 billion in market value, exceeding 96% of S&P 500 stocks.
Analyst reactions
At least 13 analysts downgraded shares this month, with 15 hold ratings and 66 buy recommendations.
Congress testimony
Huang agreed to testify before Congress under oath, expected before Thanksgiving.
Senate Banking Committee
Senator Elizabeth Warren criticized Nvidia's dealings with the White House and Commerce Secretary Howard Lutnick.
Upcoming earnings
Nvidia reports quarterly earnings on Tuesday, November 17, amid ongoing market uncertainty.
The one thing
Nvidia stock fell 13% in one week, its worst decline since April 2025, after Jensen Huang resigned as CEO amid scandal and Trump-era tariffs.
