From The San Francisco Standard · · 1m
Nvidia Shares Tumble After Huang Resigns
Nvidia shares plunged 14% Thursday as Jensen Huang resigns amid reports of extramarital affairs.
In brief
Nvidia shares plunged 14% Thursday as Jensen Huang resigns amid reports of extramarital affairs. Nvidia shares dropped 14% Thursday after CEO Jensen Huang resigned following revelations of extramarital affairs. Originally reported by The San Francisco Standard.
Nvidia Shares Plunge
Nvidia shares dropped 14% Thursday morning after CEO Jensen Huang resigned.
Market Reaction
The S&P 500 fell 0.45% to 7,585.27 while Nasdaq dropped 0.65% to 25,300.96.
Huang's Resignation
Jensen Huang resigned as CEO amid reports of extramarital affairs with a subordinate.
Financial Impact
Nvidia lost over $1 trillion this month, exceeding Singapore's annual economic output.
Interim Leadership
CFO Colette Kress will serve as interim CEO while the board chair oversees operations.
Investor Concerns
Analysts warn that Nvidia's value depends too heavily on one individual for portfolio stability.
Next Steps
Nvidia reports fiscal third-quarter 2027 results Tuesday with an earnings call at 2 p.m. PT.
In short
Nvidia shares dropped 14% Thursday after CEO Jensen Huang resigned following revelations of extramarital affairs.
