WORLDTECHNvidia’s valuation sinks to decade-plus low after Jensen Huang exits
What happened
Nvidia's leadership change introduces uncertainty, impacting investor confidence and highlighting the importance of stable governance in tech. Co-founder and chief executive Jensen Huang resigned after a board investigation into his personal conduct. NVIDIA is a semiconductor company based in Santa Clara.
What happened inside Nvidia The sequence began in late October 2026, when the New York Times published reports about Huang’s personal life. Shortly afterward, Nvidia’s board launched its own investigation.
On November 12, 2026, that streak ended.
Investors responded quickly, and not kindly: the stock fell as much as 13% intraday and finished the week down approximately 12%. Huang then acknowledged infidelity in a letter to employees.
Within weeks, the only CEO the company had ever known was gone. The board moved fast on the succession question, at least for now.
Colette Kress, Nvidia’s chief financial officer since 2013, was named interim CEO on the same day Huang stepped down. Kress keeps her CFO responsibilities as well.