Huang Resigns from Nvidia; Shares Fall Up to 13%

Nvidia shares fell roughly 10% to 13% after co-founder Jensen Huang resigned immediately as CEO, president and board member. Reports raised allegations about personal relationships, which have not been proven; Nvidia did not state a reason for his departure. CFO Colette Kress was named interim CEO while the board searches for a permanent successor, and Harvey C. Jones became the board’s first chair. The leadership change unsettled investors over Nvidia’s strategic continuity and AI infrastructure spending, contributing to declines in technology and semiconductor stocks. Investors were also weighing oil volatility and rising bond yields.