{
  "id": 19671829,
  "title": "Why Nvidia Stock Crashed Today",
  "url": "https://urgent.news/2026/11/12/why-nvidia-stock-crashed-today",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T15:35:11.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/11/12/why-nvidia-stock-crashed-today/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "Shares of Nvidia (NVDA) experienced a significant drop today, plummeting up to 14.3% by 10:24 a.m. ET, while still remaining 6.2% lower as of the same time. The driving force behind this decline was the announcement that co-founder, president, and CEO Jensen Huang had stepped down from his position, effective immediately. The board of directors has initiated the process to find a permanent replacement and has not ruled out considering internal or external candidates. Meanwhile, Chief Financial Officer Colette Kress assumed the role of interim CEO and executive vice president. Kress brings nearly 25 years of accounting and finance experience from various high-profile tech firms, including Microsoft and Cisco, having joined Nvidia in September 2013. Additionally, the board appointed Harvey Jones as the company's first-ever board chair. Speculation has been rife over the past week, with reports suggesting Huang's alleged affair with a woman suspected of being a Chinese spy and a relationship with an Nvidia direct report. In a statement last weekend, Huang acknowledged full responsibility for his actions, the ensuing harm caused, and accepted the ensuing criticism. He affirmed his commitment to safeguard Nvidia and uphold America's national security. The primary concern for shareholders now is Nvidia's future, and there is a wealth of uncertainty surrounding this. While Huang's influence on Nvidia's success is undeniable, his departure leaves a significant void that will be challenging to fill. As a long-time shareholder, the author views this development as a catastrophic loss for the company and maintains his position, albeit without viewing it as a buying opportunity.",
  "summary": "The semiconductor specialist is searching for a new CEO.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}