Nvidia (NVDA) is down 7.95% at $159.92 as Benzinga reported that Jensen Huang has resigned as president, CEO and board member, effective immediately. Reuters described the move as a major setback for the company at the center of the artificial intelligence (AI) buildout, with CFO Colette Kress stepping in as interim CEO.
| Measure | Value |
|---|---|
| Price | $159.92 |
| Change from the prior close | -7.95% |
| Prior close | $173.73 |
| Today's range | $148.81 – $162.27 |
| 52-week range | $148.81 – $243.37 |
| Market value | $3.85 trillion |
Source: Stock quote during the regular session · as of November 12, 2026 at 9:45 AM ET
What was reported
Benzinga reported that Nvidia confirmed Huang's immediate resignation from his roles as president, chief executive and director, with Colette Kress named interim chief executive.
TheStreet noted that shares were already sliding before the open, citing an evening report from The Wall Street Journal indicating the board had begun moving toward removing Huang from the top job. TheStreet added that, citing Bloomberg's live coverage, the board had convened late in the prior session without a formal announcement by Thursday morning, and that Bloomberg had also reported directors were working with an outside firm on possible successors, with Semafor cited as saying some board members favored Kress.
Benzinga separately reported that shares fell sharply in extended trading after accounts surfaced that the board was considering Huang's removal over allegations tied to his personal conduct. Benzinga noted that CNBC's Jim Cramer reacted with surprise to the possible exit, while other prominent commentators argued that demand for AI computing infrastructure remains strong regardless of who leads the company.
Traders on X, in posts WiseView is not treating as fact, are framing the decline mainly as a leadership and succession issue rather than a shift in AI chip demand, with some comparing it to past corporate leadership upheavals and disagreement over whether the drop reflects an overreaction or a repricing of governance risk ahead of earnings.
Its suppliers and customers
Among Nvidia's suppliers and customers named in company filings, Coherent, Synopsys, Qnity Electronics, ON Semiconductor, Corning and Micron Technology are all trading lower today, as is customer Supermicro, while customer HP Inc. is little changed. These moves are not evidence of any link to Nvidia's decline and should not be read as connected.
| Company | Role | Stock | Today |
|---|---|---|---|
| Coherent, Inc. | Supplier | COHR | -2.57% |
| Supermicro | Customer | SMCI | -8.58% |
| HP Inc. | Customer | HPQ | -0.28% |
| Synopsys | Supplier | SNPS | -0.83% |
| Qnity Electronics, Inc. | Supplier | Q | -1.46% |
| ON Semiconductor | Supplier | ON | -0.66% |
| Corning Inc. | Supplier | GLW | -2.93% |
| Micron Technology | Supplier | MU | -2.64% |
Source: Relationships named in company filings (Earnings call transcript; SEC 10-K annual report); stock quotes · as of November 12, 2026 at 9:45 AM ET · A supplier or customer moving the same day is not evidence that one move caused the other.