Nvidia CEO Jensen Huang resigns; CFO Colette Kress takes over as shares fall

Nvidia CEO Jensen Huang has resigned, causing shares to plunge 13% and the company's market value to drop below $4 trillion for the first time since July 2025. CFO Colette Kress will serve as interim CEO during the leadership transition. Huang, who co-founded Nvidia and owned about 3.61% of the company, also stepped down from the board. His departure has unsettled investors already questioning whether the AI boom is a bubble, with the broader market falling as the Nasdaq declined 0.67% and the S&P 500 slipped 0.49%. Nvidia's earnings are due next week, adding to uncertainty. Analysts note Huang was seen as the "front man of AI," and his exit could slow industry momentum or affect funding for smaller companies reliant on Nvidia's chips. Concerns about chip supply shortages and regulatory scrutiny may also impact the AI market's trajectory.