Nvidia confirmed on 12 November that co-founder Jensen Huang had resigned as chief executive, president and a director, effective 11 November. The company appointed longtime finance chief Colette Kress as interim CEO while searching for a permanent successor. Nvidia shares closed 12 November at $166.19, down 4.3% on the session, after a much steeper intraday fall. CBS News estimated the chipmaker had shed nearly $500 billion in MarketA place - physical or digital - where buyers and sellers meet and agree on a price. Lix’s simple rule: no buyers and sellers, no market.Read More value since the previous week's US market close. That valuation loss is an estimate tied to a particular comparison period, not a one-day closing loss.
Nvidia confirmed on 12 November 2026 that co-founder Jensen Huang had resigned as CEO, president and board director, effective 11 November. Longtime chief financial officer Colette Kress was appointed interim CEO while the company searches for a permanent successor. Nvidia shares closed at $166.19 on 12 November, declining 4.3% after experiencing steeper intraday losses. CBS News estimated that Nvidia had lost nearly $500 billion in market capitalisation since the previous week's US market close, highlighting investor uncertainty surrounding the leadership transition.
