# Micron stock drops 5% amid Nvidia CEO resignation fallout

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5 outlets covering · First listed: Crypto Briefing, Nov 12, 2026, 9:48 AM · Read it: <https://cryptobriefing.com/micron-stock-drops-nvidia-ceo-resignation/>

Nvidia's leadership turmoil highlights vulnerabilities in tech sectors, potentially prompting regulatory scrutiny and strategic shifts industry-wide.

AI summary (may contain mistakes): Jensen Huang has resigned as Nvidia CEO, and Colette Kress was named interim CEO, according to Blockchain.News. The Financial Times reported his departure followed revelations of extramarital affairs, while the BBC said US lawmakers want to question him over whether one alleged relationship was with a Chinese spy. The New York Times reported that President Trump had urged Huang to fight for his job before he resigned.

## Who's covering it

In the order they published:

- Nov 12, 2026, 3:06 AM: [Nvidia stock closes down over 4% after CEO Jensen Huang announces resignation](<https://www.cnbc.com/2026/11/12/nvidia-nvda-jensen-huang-second-affair.html>) — CNBC (Business & finance, United States, rated Center)
  Chief Financial Officer Colette Kress will serve as interim CEO until a new leader is appointed.
- 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, 9:40 AM: [Jensen Huang’s net worth drops $10 billion as Nvidia stock slides in the fallout of affair scandals with company exec and alleged spy](<https://fortune.com/2026/11/12/ceo-jensen-huang-net-worth-drops-10-billion-nvidia-stock-slides-fallout-affair-scandals-company-exec-alleged-spy/>) — Fortune (Magazine, United States, rated Center)
  Jensen Huang is no longer one of the top 10 richest billionaires in the world, tumbling down past Walmart heirs Jim Walton, Rob Walton, and Alice Walton.
- Nov 12, 2026, 9:48 AM: [Micron stock drops 5% amid Nvidia CEO resignation fallout](<https://cryptobriefing.com/micron-stock-drops-nvidia-ceo-resignation/>) — Crypto Briefing (Specialist)
  Nvidia's leadership turmoil highlights vulnerabilities in tech sectors, potentially prompting regulatory scrutiny and strategic shifts industry-wide.
- Nov 12, 2026, 4:37 PM: [What we know after Jensen Huang's resignation as Nvidia's CEO](<https://www.pbs.org/newshour/nation/what-we-know-after-jensen-huangs-resignation-as-nvidias-ceo>) — PBS NewsHour (Public broadcaster, United States, rated Lean left)
  Nvidia announced Huang's resignation on Thursday, effective immediately. The California-based company said that Colette Kress — who has been Nvidia's chief financial officer and executive vice president since 2013 — will step into the role of interim CEO.