Chip Giant's Stock Tumbles After Jensen Huang Exit -- WSJ

Nvidia CEO Jensen Huang has resigned, capping an era during which he stoked the global AI boom and became a geopolitical star.

Shares in the chip giant tumbled as much as 14% after the U.S. market opened. They have since recovered to be down about 5%.

Huang's departure leaves a vacuum at the center of the AI ecosystem. Nvidia named finance chief Colette Kress as interim CEO until a permanent successor is found. Huang has led Nvidia since co-founding it in 1993 and has said he doesn't believe in succession planning, so there's no clear candidate waiting in the wings.

Prediction markets floated names of company insiders, while investors are trying to work out how much of Nvidia's value is wrapped up in its totemic leader (a lot, according to some analysts).

The leadership crisis has wiped hundreds of billions of dollars off Nvidia's market value, and reverberated through markets around the world.

The Nasdaq see-sawed, initially falling about 1.5% before paring losses and turning higher.

Shares of some Nvidia competitors, including AMD and Broadcom, are gaining, while other companies in its orbit such as Micron and CoreWeave are taking a hit.

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November 12, 2026 14:08 ET (19:08 GMT)