Nvidia shares drop over 13% as CEO Huang quits, then trim loss
Berlin — November 12, 2026 -- Nvidia shares fell by more than 13% after the resignation of chief executive Jensen Huang, then narrowed the loss to about 4%, according to a release from the German outlet WELT. By FairsOnline's calculation, that is a recovery of roughly 9 percentage points, or about 70% of the initial drop.
Finance chief Colette Kress takes over as interim CEO while Nvidia searches for a successor
Huang leaves after more than 30 years at the head of the chipmaker. According to the release, his departure followed reports of personal misconduct and internal investigations by the board. CFO Colette Kress leads the company on an interim basis. Nvidia is looking for a permanent CEO both inside and outside the company.
The release describes the organization as built around Huang, with about 60 managers reporting directly to him. The release does not specify the allegations or the board's findings.