Nvidia's Stock Faces Uncertainty After CEO Huang's Resignation
Jensen Huang resigned as Nvidia's CEO on Thursday following reports of two extramarital affairs, one with an employee and another with an alleged Chinese spy, triggering immediate leadership upheaval at the $4 trillion chipmaker. Chief Financial Officer Colette Kress will serve as interim CEO. Nvidia's shares opened at $150.99, their weakest since June 2025, after losing about a quarter of their value over the past month amid a broader tech selloff. Analysts have slashed price targets, with Bernstein downgrading the stock and predicting further double-digit declines due to the leadership vacuum. The scandal has also raised national security concerns, potentially weakening Nvidia's influence on U.S. chip export policy toward China. The company faces a shareholder lawsuit over alleged concealment of Huang's relationship, with its third-quarter earnings report scheduled for November 17.