Nvidia stocks jump back up after ex-CEO Jensen Huang's ousting
Nvidia's share price has seemingly grown by around 10% since pre-market trading lows.
This week has been tumultuous for Nvidia, as CEO Jensen Huang admitted to an affair on Sunday, followed by a second affair allegation the next day. Shares of Nvidia began at $151 in pre-market trading on Monday, but have since rebounded to between $163 and $166 in early Nasdaq trading following Huang's announcement of his retirement as CEO.
One might expect a decline due to Huang's departure, with CFO Colette Kress set to replace him, but the stock price currently matches where it stood on November 11 at 5 PM ET. Nvidia's stock has been volatile this week, fluctuating by $15 between Friday night and Monday morning, then rising to $181 by Monday's end, before dropping to $167 on Tuesday.
The opening price today marked Nvidia's worst since June 2025, just prior to the memory crisis. This jump to around $165 represents a 10% increase for the company. Despite the setback, Nvidia remains a highly successful and valuable business, worth multiple trillions of dollars. The company's cofounder and CEO, Jensen Huang, has been pivotal to Nvidia's success since 1993.
While the situation is unfortunate, the team remains committed to open-source AI, refusing to slow down. Tech industry leaders have expressed their disappointment, including Tim Sweeney, Clement Delangue, Jim Cramer, and Donald Trump, all suggesting numerous candidates for Huang's potential replacement.
Written by urgent.news from PC Gamer's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
