Nvidia stock rebounds 2.3% premarket after CEO Huang's resignation
Nvidia shares rose 2.3% in premarket trading Friday, signaling a muted recovery after the stock fell over 4% Thursday following the resignation of scandal-plagued CEO Jensen Huang, which has erased nearly $1 trillion in market value this month. Colette Kress, Nvidia's former finance chief, has taken over as interim CEO, while an outside firm searches for a permanent successor. Huang was ousted after revelations of extramarital affairs, including with an alleged Chinese spy and two employees, raising investor concerns about strategy continuity. Analysts warn the leadership crisis adds uncertainty to the AI equity boom, though some see rivals AMD and Broadcom gaining market share. Nvidia reports quarterly results next week, with broader concerns about AI infrastructure spending sustainability persisting.