CoinDesk
Nvidia shares plunged 10% to $156 after Jensen Huang stepped down immediately as president, chief executive and a board member. Chief financial officer Colette Kress will take over as interim CEO, the company said. The decline returned Nvidia shares to levels last seen in June 2025.
Why it matters
Huang's departure marks a major leadership change for a chipmaker whose processors underpin much of the artificial intelligence industry. The change puts succession and strategic continuity in focus for investors following the companies driving AI infrastructure spending.
The move follows mounting scrutiny of Huang and reports that Nvidia directors were considering his future.
Market impact
The 10% slide in Nvidia shares signals the immediate investor response to the leadership change. Nvidia's central position in AI chips also makes its direction relevant to confidence across the broader technology sector.
Bitcoin showed little initial reaction to the news, trading just under $72,500 and down 1.7% over the preceding 24 hours. Investors are assessing the implications of Kress's interim appointment and the company's succession plans.
Frequently asked questions
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Who is taking over as Nvidia's interim CEO?
Chief financial officer Colette Kress will take over as interim CEO, Nvidia said.
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Which Nvidia roles did Jensen Huang leave?
Huang stepped down immediately as president, chief executive and a board member.
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What price did Nvidia shares reach after the leadership change?
Nvidia shares fell 10% to $156, returning to levels last seen in June 2025.
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Why does Nvidia's leadership change matter to the AI sector?
Nvidia's processors underpin much of the artificial intelligence industry. The change puts succession and strategic continuity in focus for investors.
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How did Bitcoin trade after the Nvidia news?
Bitcoin showed little initial reaction, trading just under $72,500 and down 1.7% over the preceding 24 hours.
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