# Nvidia Shares Sink As Rival Chipmakers Rise After Jensen Huang Resigns

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19 outlets covering · First listed: Forbes, Nov 12, 2026, 8:43 AM · Read it: <https://www.forbes.com/sites/fionariley/2026/11/12/nvidia-sinks-11-at-open-after-jensen-huang-resigns-pushing-market-cap-below-microsoft/>

Nvidia opened down 11% on Thursday after the company announced CEO Jensen Huang’s resignation.

## Who's covering it

In the order they published:

- Nov 11, 2026, 5:10 PM: [Nvidia CEO Jensen Huang has resigned](<https://arstechnica.com/gadgets/2026/11/ceo-jensen-huangs-job-is-suddenly-on-the-line-at-nvidia/>) — Ars Technica (Digital news, United States)
  Nvidia CEO also had an affair with a senior executive at the firm.
- Nov 12, 2026, 6:22 AM: [Nvidia Stock Tumbles After Jensen Huang Resigns as CEO](<https://www.nytimes.com/2026/11/12/business/nvidia-stock-price-jensen-huang-ceo-affair.html>) — New York Times (Newspaper, United States, rated Lean left)
  News that the chipmaker’s chief executive, Jensen Huang, resigned drove Nvidia’s stock down, though the broader market rose slightly.
- Nov 12, 2026, 7:53 AM: [Jensen Huang, an architect of the AI boom, resigns as Nvidia CEO](<https://www.axios.com/2026/11/12/nvidia-jensen-huang-out>) — Axios (Digital news, United States, rated Center)
  Jensen Huang resigned as CEO of Nvidia after he reportedly had two affairs, including one with a purported Chinese spy. Why it matters: It's impossible to overstate how critical Huang is to Nvidia, to the AI buildout, to the stock market and economy. His departure could, per Wall Street sources, be the catalyst that endangers a ballooning AI bubble. This is breaking news.
- Nov 12, 2026, 7:56 AM: [Jensen Huang resigns as Nvidia CEO immediately](<https://www.reuters.com/live/nvidia-live-board-meets-fate-ceo-jensen-huang-after-affair-reports-2026-11-12/>) — Hacker News (Aggregator, United States)
- Nov 12, 2026, 7:59 AM: [Jensen Huang resigns as Nvidia CEO, exits board; shares plunge](<https://cointelegraph.com/news/jensen-huang-resigns-nvidia-ceo-board-member>) — Cointelegraph (Specialist)
  Colette Kress will remain Nvidia’s chief financial officer while serving as interim CEO as the board searches for a permanent successor.
- Nov 12, 2026, 8:04 AM: [Jensen Huang is out as NVIDIA CEO](<https://www.engadget.com/2314584/jensen-huang-is-out-as-nvidia-ceo/>) — Engadget (Digital news, United States)
  He has held the position since the company's founding in 1993, but has recently been embroiled in an international scandal.
- Nov 12, 2026, 8:06 AM: [BREAKING News: Jensen Huang Resigns as Nvidia CEO (Report)](<https://cryptopotato.com/breaking-news-jensen-huang-resigns-as-nvidia-ceo-report/>) — CryptoPotato (Specialist)
  The reported resignation comes after claims that he had another affair with a women working at the company.
- Nov 12, 2026, 8:10 AM: [Nvidia’s Jensen Huang resigns, chipmaker names CFO Colette Kress as interim CEO](<https://techcrunch.com/2026/11/12/nvidias-jensen-huang-resigns-chipmaker-names-cfo-colette-kress-as-interim-ceo/>) — TechCrunch (Digital news, United States)
  Nvidia gets a new chief executive, days after former CEO Jensen Huang admitted to a romantic affair with an alleged Chinese spy.
- Nov 12, 2026, 8:21 AM: [Jensen Huang resigns as Nvidia chief executive](<https://www.theregister.com/systems/2026/11/12/jensen-huang-resigns-as-nvidia-chief-executive/5309411>) — The Register (Digital news, United Kingdom)
  'Next week’s earnings call just became the most important in the company’s history'
- Nov 12, 2026, 8:43 AM: [Nvidia Shares Sink As Rival Chipmakers Rise After Jensen Huang Resigns](<https://www.forbes.com/sites/fionariley/2026/11/12/nvidia-sinks-11-at-open-after-jensen-huang-resigns-pushing-market-cap-below-microsoft/>) — Forbes (Magazine, United States, rated Center)
  Nvidia opened down 11% on Thursday after the company announced CEO Jensen Huang’s resignation.
- Nov 12, 2026, 9:01 AM: [Nvidia CEO Jensen Huang has resigned. What happens next?](<https://www.theverge.com/ai-artificial-intelligence/1030422/nvidia-jensen-huang-ai-china-alice-huang>) — The Verge (Digital news, United States)
  After the leather-jacketed CEO, president, and co-founder of Nvidia, Jensen Huang, acknowledged an affair with Megaspeed exec Alice Huang, his company initially announced an investigation. However, The New York Times reported on Wednesday that there was evidence of another affair, this time with an Nvidia executive who reported directly to him. A board meeting that
- Nov 12, 2026, 11:09 AM: [Jensen Huang resigns: A timeline of the Nvidia affair](<https://mashable.com/tech/jensen-huang-affairs-nvidia-resignation-timeline>) — Mashable (Digital news, United States)
  How did Jensen Huang's 33 years as Nvidia CEO come to an end? A timeline of the chip export investigation, the affair reports, and his resignation.
- Nov 12, 2026, 11:15 AM: [Jensen Huang Has Resigned. How Will Nvidia Replace Him?](<http://hbr.org/2026/11/jensen-huang-has-resigned-how-will-nvidia-replace-him>) — Harvard Business Review (Magazine, United States)
  Six HBR articles on what to do after a powerful founder steps down.
- Nov 12, 2026, 1:31 PM: [What we know after Jensen Huang resigns as Nvidia CEO](<https://news.google.com/rss/articles/CBMioAFBVV95cUxOMUxqUTE0WWZBT2xoV25SLUQ2dFgyWkhwZFZyRnk3d1Fibmtrb0d4T3otSXNpNmZiTVh0QUdkWTA4UmQ3cXQyVVM3ODc0V0g4YnVVbDJRYWF4VXlaXzMzZnJWNi1UR3YyZHJGbWNzaVFab2tiM3N2RjFIOUtWcnlJVWtMVnhQNmhJeTdPajNVUXZfU2NzWkw0aGJLVFMtaGY3?oc=5>) — AP (Wire service, United States, rated Center)
- Nov 12, 2026, 2:34 PM: [Nvidia shares drop 14% after CEO Jensen Huang resigns amid controversies](<https://cryptobriefing.com/nvidia-shares-drop-14-after-ceo-jensen-huang-resigns-amid-controversies/>) — Crypto Briefing (Specialist)
  Nvidia's leadership uncertainty and stock decline may ripple through tech sectors, affecting investor confidence and market stability.
- Nov 12, 2026, 4:14 PM: [Nvidia’s Huang Resigns. Now What?](<https://news.google.com/rss/articles/CBMikwFBVV95cUxPY2VsQ1hYcGYtT2lfc2U0QTAxMGFIbnNZVzZwNWhkdmpZZ2RlSEZScmVkRVV2bUF3N1BwMmRkT3lMR2s0WURvV0tYOHAwUllBNWNqY1hlUWVtcl9ZNHpTa0JlV0V0ZmJkVEpLVlhZYmdUNGd2VG5Cc29Ib29Qd2toWjljQjY0VVZ4QTJRbkRqaEpSb2s?oc=5>) — CNN (TV network, United States, rated Lean left)
- Nov 12, 2026, 4:14 PM: [Jensen Huang Is Out. Will Nvidia’s Rivals Cash In?](<https://www.wired.com/story/uncanny-valley-podcast-jensen-huang-is-out-will-nvidias-rivals-cash-in/>) — Wired (Magazine, United States)
  In a special episode of “Uncanny Valley,” we break down Jensen Huang’s resignation from Nvidia, what comes next for the company, and where the AI industry goes from here.
- Nov 12, 2026, 4:59 PM: [5 takeaways from Nvidia’s Jensen Huang scandal](<https://thehill.com/homenews/analysis/6217604-nvidias-jensen-huang-resigned/>) — The Hill (Newspaper, United States, rated Center)
  Corporate America is in the midst of its most dramatic scandal in years. Jensen Huang, the CEO and co-founder of Nvidia, resigned Thursday after admitting to one extramarital affair, with a woman suspected of being a Chinese agent, and amid new reporting of a second affair, this time with an Nvidia colleague. The vast company…
- Nov 13, 2026, 12:30 AM: [Value Nvidia, not Huang](<https://www.ft.com/content/1f76f0b0-96c6-41de-9725-9051545d32af?syn-25a6b1a6=1>) — Financial Times (Newspaper, United Kingdom, rated Center)