Intel stock falls nearly 3% as Nvidia’s leadership shake-up rattles chipmakers

What happened

How Nvidia got here On November 8, 2026, Nvidia announced an independent board investigation into allegations involving Huang’s personal conduct. Four days after the probe was announced, on November 12, Huang resigned, effective immediately. NVIDIA is a semiconductor company based in Santa Clara.

Nvidia's leadership turmoil highlights the fragility of tech partnerships, impacting investor confidence and causing ripple effects across the sector. Intel is a semiconductor and electrical company based in Santa Clara.

Intel didn’t do anything wrong this time. It just happens to have the most important shareholder in the chip business, and that shareholder has no permanent CEO.

Jensen Huang is now Nvidia’s former CEO. His exit has hit the broader tech sector, not just the company he co-founded.

Huang then sent employees a note that weekend acknowledging infidelity. Chief financial officer Colette Kress stepped in as interim CEO while the board looks for a permanent successor.

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