{
  "id": 19721376,
  "title": "Markets whiplashed as Huang quits Nvidia",
  "url": "https://urgent.news/2026/11/12/markets-whiplashed-as-huang-quits-nvidia-19721376",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T21:54:00.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/world/nvidia-markets-jensen-huang-resigns-6547596"
  },
  "original_language": "en",
  "account": "Nvidia's shares took a significant dive of 13% at the start of trading in New York, as CEO Jensen Huang's resignation sent shockwaves through the market. The AI giant's co-founder and chief architect of the chips powering AI models stepped down amid a board revolt following revelations of his extra-marital affairs. Colette Kress, the company's CFO, will serve as interim CEO while the board considers internal and external candidates for a permanent replacement.\n\nThe stock, a key component in the Dow and Nasdaq indices, finished the day down 4.3%. While Nvidia's problems initially seemed dire, other tech companies managed to soften the blow. Broadcom and AMD, both tech-focused companies, gained more than five percent, providing a counterbalance to Nvidia's decline. Nasdaq, a tech-heavy index, started the day on an upward trajectory before ending 0.4% lower.\n\nSome investors are trying to assess the long-term implications of Huang's departure. Analyst Patrick O'Hare noted that the market is adjusting to the potential impact, with strength seen in rivals such as Broadcom and AMD. Other tech giants including Amazon, Microsoft, and Alphabet experienced mixed results, with some rising and others falling.\n\nWhile some analysts believe that Huang's departure won't affect short-term AI projects already in development, others have pointed to the political climate as a potential factor. FHN Financial's Chris Low suggested that the shakeup at Nvidia comes shortly after the US elections, which showcased public hostility towards data centers. Low pointed out that a slowdown in AI development could be a positive development for inflation and interest rates, although he emphasized that the loss of Jensen Huang might not spell the end of AI development but could potentially slow its progress.",
  "summary": "Nvidia shares plunged 13 per cent at the start of trading in New York before moderating.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Times of India",
        "title": "US markets end lower as Nvidia slump overshadows energy rally",
        "url": "https://urgent.news/2026/11/12/us-markets-end-lower-as-nvidia-slump-overshadows-energy-rally",
        "published": "2026-11-12T21:13:07.000Z"
      },
      {
        "outlet": "This Is Money",
        "title": "Nvidia loses £400bn in a week as boss quits after 'the most expensive affair ever'… denting UK investors' pots",
        "url": "https://urgent.news/2026/11/12/nvidia-loses-400bn-in-a-week-as-boss-quits-after-the-most-expensive",
        "published": "2026-11-12T22:35:07.000Z"
      }
    ]
  },
  "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."
}