# Nvidia CEO Resigns, Stocks Dip

> Nvidia's CEO Jensen Huang resigned amid affair scandal, triggering stock drops but markets stabilized.
- Title: Nvidia CEO Resigns, Stocks Dip · Kiplinger | Shortify
- Summary: Nvidia's CEO Jensen Huang resigned amid affair scandal, triggering stock drops but markets stabilized.
- Keywords: nvidia, jensen huang, colette kress, nvidia stock, ceo resignation, affair scandal, stock market drop, interim ceo, Kiplinger
- Source: Kiplinger — https://kiplinger.com/investing/stocks/stocks-slip-as-wall-street-weighs-nvidias-ceo-crisis-stock-market-today
- Published: 2026-11-12T21:09:01+00:00
- Read time: 1 min
- Topics: nvidia, jensen huang, colette kress, nvidia stock, ceo resignation, affair scandal, stock market drop, interim ceo
## Nvidia CEO Resigns
Jensen Huang resigned as Nvidia CEO and board member after revealing a second affair with a direct report.

> Jensen Huang resigned as Nvidia CEO and board member
## Stocks React
Nvidia shares plunged 14% initially but ended down 4.3% as markets stabilized.

> Nvidia shares plunged 14% initially but ended down 4.3%
## Market Impact
The Nasdaq Composite fell 1% out of the gate but closed down 0.4% at 25,366.

> The Nasdaq Composite fell 1% out of the gate but closed down 0.4% at 25,366
## Interim CEO
Colette Kress, Nvidia's CFO with 13 years of experience, was named interim CEO.

> Colette Kress, Nvidia's CFO with 13 years of experience, was named interim CEO
## Market Analysts
Analysts predict short-term volatility but long-term opportunities for Nvidia investors.

> Analysts predict short-term volatility but long-term opportunities for Nvidia investors
## Stock Reactions
Micron Technology dropped 1.6% and neocloud CoreWeave fell 6.9% while AMD and Broadcom rose.

> Micron Technology dropped 1.6% and neocloud CoreWeave fell 6.9% while AMD and Broadcom rose
## Key takeaway

Nvidia shares fell 4.3% after Jensen Huang resigned as CEO, with interim CEO Colette Kress taking over.