Jensen Huang Resigns as Nvidia CEO Amid Affair Scandals

Update (Nov 12, 14:42 UTC): Jensen Huang officially resigned as CEO on Thursday amid reports of extramarital affairs, with CFO Colette Kress stepping in as interim chief executive while the board initiates a search for a permanent successor.

Nvidia (NVDA) shares plummeted 13.08% to trade at $151.00 during market hours on Wednesday, following reports that Chief Executive Officer Jensen Huang has resigned from his position. According to independent reports, the departure of the long-serving executive triggered a sharp sell-off in the artificial intelligence hardware leader.

The stock opened lower and experienced heavy volume, trading within a daily range of $150.88 to $151.33. Total trading volume reached 94,675,714 shares. The sharp decline pushed the equity to the bottom of its new 52-week range, which now spans from $150.88 to $243.37, down significantly from its previous close of $173.73.

Key facts

• NVDA share price: $151.00, down 13.08% from its previous close of $173.73.
• Daily trading range: $150.88–$151.33, touching a new 52-week low.
• Trading volume: 94,675,714 shares.
• Market catalyst: Board announces resignation of CEO Jensen Huang.

Simultaneously, reports emerged that top Democrats have urged the incoming Trump administration to preserve all records in preparation for potential investigations involving the company. Financial markets continue to absorb the leadership transition and regulatory scrutiny surrounding the technology giant.