The leadership crisis unfolded after an investigation into Jensen Huang's personal affairs prompted his immediate resignation, leading to the appointment of Chief Financial Officer Colette Kress as interim CEO. The executive departure triggered widespread declines across international markets, dragging down tech equities in Europe, Japan, and South Korea alongside key suppliers like Micron and Dell. Meanwhile, short sellers captured billions in paper profits, and competing chipmakers saw modest gains as the industry braces for a prolonged search for a permanent successor.
Key points
Chief Financial Officer Colette Kress will manage operations as interim chief executive w…: Chief Financial Officer Colette Kress will manage operations as interim chief executive while the board searches for a permanent leader.
The leadership vacuum sparked widespread selloffs across global suppliers and tech equiti…: The leadership vacuum sparked widespread selloffs across global suppliers and tech equities in Europe, Japan, and South Korea.
Rival chip manufacturers AMD and Broadcom gained ground as investors reassessed the compe…: Rival chip manufacturers AMD and Broadcom gained ground as investors reassessed the competitive landscape following Nvidia's governance turmoil.
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Nov 12 : Global AI-linked stocks fell on Thursday after Nvidia CEO Jensen Huang resigned following a deepening scandal around his affairs, upending the chipmaker's leadership and posing fresh risks to a sector already reeling with funding and regulatory concerns.
Chief Financial Officer Colette Kress will take over as interim CEO as Nvidia looks for a permanent successor, the company said.
As the centerpiece of the AI ecosystem, the chipmaker finances infrastructure built around its chips - a strategy that has drawn scrutiny over circular funding and now risks weighing on the sector as its crisis deepens.
AI stocks have struggled after the Democrats swept the midterm elections, including in states opposed to new data centers, stoking fears that tighter regulation could slow the AI infrastructure build-out.
Nvidia's shares slid 10.3 per cent in premarket trading and put its market value on course to drop below $4 trillion for the first time since July 2025 amid reports that the board was deciding whether to oust Huang.
Nvidia-backed neocloud firms CoreWeave dropped 13.6 per cent after surging more than 27 per…
Market participants are focusing on NVDA as key price boundaries become critical focal points for trading activity. Technical markers representing support and resistance are being closely assessed to gauge potential price momentum. These monitored thresholds help investors evaluate the stock's stability and directional movement during market sessions.
Shares of the clean energy company are facing market pressure during the current trading session. Investors are closely monitoring the downward movement as the firm navigates ongoing sector volatility. The decline reflects shifting sentiment and potential market-wide headwinds affecting related energy technologies.
Major global equities experienced significant shifts in their overall valuations during Thursday's trading session. Tech and e-commerce leaders drew heightened scrutiny from investors as their total market values adjusted. These valuation adjustments positioned both companies among the day's primary market capitalization movers.