Nvidia shares slide as Huang resigns, Kress named interim CEO
Nvidia shares are falling 10% to $156 after a sudden leadership change at the chipmaker behind much of the artificial intelligence industry's computing infrastructure. The move returns the stock to levels last seen in June 2025 and raises questions over succession, strategy and broader sentiment across AI-linked markets.
Highlights
- Nvidia announces Jensen Huang's immediate resignation as CEO, with CFO Colette Kress appointed interim CEO, signaling abrupt leadership change.
- Nvidia shares fall to $156, their lowest since June 2025, as investors digest the surprise executive transition and increased scrutiny of company leadership.
- Nvidia's upheaval stirs wider AI-linked assets but Bitcoin remains relatively stable near $72,500, down 1.7% in 24 hours.
Leadership transition at the chipmaker
As reported by CoinDesk, citing Nvidia, Jensen Huang is resigning effective immediately as president, chief executive and board member, while chief financial officer Colette Kress is becoming interim CEO.The company describes an abrupt transition at a pivotal moment for the semiconductor group, whose processors underpin a large share of AI development. Huang's departure marks a major management change for Nvidia and leaves investors assessing how quickly the board can stabilize leadership and preserve strategic continuity.
Market fallout reaches AI-linked assets
Nvidia stock is dropping to $156, a level last seen in June 2025, as investors react to the sudden change at the top. The development follows mounting scrutiny of Huang and reports that directors were considering his future.The implications extend beyond the company because Nvidia is widely treated as a bellwether for the AI trade. In crypto markets, which often move in tandem with AI risk appetite, Bitcoin is showing little immediate reaction and continues to trade just under $72,500, down 1.7% over the last 24 hours.
Earlier, we reported on the JQQQ blockchain fund offering digital access to the Nasdaq-100 amid intensified selling pressure.
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