NVIDIA CEO Resigns: Stock Plummets, Future Uncertain

NVIDIA's stock value saw a significant drop of approximately 12.7% over five trading days, concluding at $162.85 on November 13. This decline followed the immediate resignation of its founder, CEO, and board member, Jensen Huang, announced on November 12. The leadership change has prompted investors to re-evaluate Huang's critical role in NVIDIA's artificial intelligence strategy and customer relationships.

Following Huang's departure, Colette Kress assumed the role of interim CEO, while Harvey Jones became the board chair. Analyst Dan Ives of Yorkville Ives & Co. provided an assessment, valuing NVIDIA at $225 per share without Huang, a stark contrast to his $300 valuation with Huang still at the helm. This valuation difference underscores the substantial premium placed on Huang's leadership.

Despite the leadership transition, NVIDIA's financial performance demonstrated strong momentum. The company reported second-quarter fiscal 2027 revenue of $96.2 billion, marking a 106% increase year over year. Data center revenue alone surged by 117% to $89 billion, highlighting NVIDIA's commanding presence in the AI infrastructure market.