BUZZ - Nvidia CEO Jensen Huang resigns, stock price plummets

Latest Updates

November 12 - ** Nvidia (NVDA.O) shares plunged 13% in early trading, potentially on track for the biggest single-day drop since January 2025

** CEO Jensen Huang will immediately step down from his position at Nvidia (link)

** The company stated that during the search for a permanent successor, Chief Financial Officer Colette Kress will serve as interim CEO

** Jensen Huang, co-founder of Nvidia, owns about 3.61% of shares, making him the company's fourth-largest shareholder. He will also step down from the company's board of directors

** Nvidia appointed former Synopsys CEO and board member Harvey Jones as the first Chairman of the Board

** “This will have a profound long-term impact, as he has positioned himself at the center of artificial intelligence and related fields,” said Paul Nolte, senior wealth advisor and market strategist at Murphy & Sylvest

** As of the close of the previous trading day, NVDA has fallen 6.8% year-to-date

** Here are the recommendations made this week for the stock by various brokerage firms:

(To facilitate non-native English speakers, Reuters has automated the translation of its reports into several other languages. As automated translation may contain inaccuracies or lack the necessary context, Reuters does not guarantee the accuracy of automated translation texts, which are provided solely for readers’ convenience. Reuters accepts no responsibility for any damage or loss arising from the use of automated translation.)