Nvidia dropped 14% at Thursday's open after Jensen Huang resigned, erasing $600B+ in value and taking its market cap below $4T for the first time since 2025 (Bloomberg)
CFO Colette Kress takes over as interim CEO while Nvidia’s board considers a permanent successor.
Huang’s resignation covers all three of his positions: CEO, president and board member, effective immediately. Nvidia also appointed Harvey C. Jones as its first board chair. The supplied excerpt reports shares down more than 5%; it does not contain the headline’s 14% opening decline or $600 billion loss.
Techmeme's note
Huang’s resignation covers all three of his positions: CEO, president and board member, effective immediately. Nvidia also appointed Harvey C. Jones as its first board chair. The supplied excerpt reports shares down more than 5%; it does not contain the headline’s 14% opening decline or $600 billion loss.
Techmeme's note
score 9