Nvidia shares plunge 5% as CEO Jensen Huang resigns, market cap drops below $4 trillion

Nvidia shares plunged 5% on Thursday, briefly falling 10%, pushing its market capitalization below $4 trillion after CEO Jensen Huang announced his immediate resignation from the company's board and chief executive role. The resignation follows reports of Huang's extramarital affairs, including one with a subordinate and another with a woman allegedly linked to Chinese intelligence. CFO Colette Kress will serve as interim CEO, while analysts have halved their price target to $200, citing leadership uncertainty. Bernstein analyst Stacy Rasgon said no clear visionary successor exists, and investors warn the lack of a succession plan makes the stock "uninvestable." Huang co-founded Nvidia in 1993 and was central to its rise as an AI chip leader.