Nvidia shares dropped 10% to $156 as CEO Jensen Huang resigned immediately, with CFO Colette Kress stepping in as interim leader amid broader market uncertainty.
Jensen Huang resigned immediately as president, CEO and board member, and CFO Colette Kress becomes interim CEO. Shares fell 10% to $156 (last quoted $159.58), back to June 2025 levels. An abrupt exit of the long-standing CEO creates deep uncertainty over succession and strategic continuity, which typically pressures the stock further in the near term.
Bitcoin, often a proxy for AI-driven sentiment, trades just under $72,500, 1.7% lower over 24 hours, and briefly slumped below $72,000 alongside Nvidia's slide and five straight days of ETF outflows. However, the article notes little initial reaction to Huang's resignation itself, limiting the direct impact.
Nvidia shares fell 10% to $156 today, returning to June 2025 price levels following the immediate resignation of president and CEO Jensen Huang. CFO Colette Kress has been appointed as interim CEO, leaving investors to navigate uncertainty regarding the chipmaker's future leadership and strategic direction.
Shares fell 10% to $156 after Jensen Huang resigned immediately as president, CEO and board member, with CFO Colette Kress taking over as interim CEO.
Chief Financial Officer Colette Kress has become interim CEO while investors assess succession and strategic continuity.
Bitcoin showed little initial reaction, trading just under $72,500 and 1.7% lower over the last 24 hours, after briefly dipping below $72,000.