Nvidia shares plunge 10% as Jensen Huang resigns

Nvidia NVDA$173.72·Market Closed shares fell 10% to $156, returning to levels last seen in June 2025, Jensen Huang had resigned as president, chief executive and board member, effective immediately.

Chief financial officer Colette Kress will become become interim CEO, the company said. Huang’s reported departure would mark a major leadership change for the chipmaker, whose processors underpin much of the artificial intelligence industry.

The development follows mounting scrutiny of Huang and reports that directors were considering his future.

Investors now face uncertainty over succession, strategic continuity and the implications for confidence across the broader AI sector, which often acts as a proxy for the cryptocurrency market. Bitcoin showed little initial reaction to the news, continuing to trade just under $72,500, 1.7% lower in the last 24 hours.