GoKawiilNvidia CEO Jensen Huang resigns amid scandal; stock falls nearly 13% on week
Nvidia shares dropped almost 13% last week after reports emerged that the company's board was investigating CEO Jensen Huang's ties to a woman suspected of spying for China, followed by further reports of affairs with two employees. Huang resigned Thursday, and longtime CFO Colette Kress was named interim CEO. Despite the Nvidia turmoil, the S&P 500 gained 2.5% and the Nasdaq rose 2.3% for the week, though a hot producer price index report on Friday raised fears of further Federal Reserve rate hikes.
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The abrupt departure of Nvidia's long-time chief executive injects fresh uncertainty into a stock that has been a bellwether for the broader AI trade, and investors may reassess the company's leadership and strategic direction without Huang. Commentator Jim Cramer suggested a 'Jensen-less Nvidia' could be less attractive to some investors, reflecting how closely the company's identity has been tied to its founder. The simultaneous inflation data suggests markets are juggling company-specific risk with macroeconomic concerns about future rate policy.
- Nvidia stock fell nearly 13% last week following a leadership scandal involving CEO Jensen Huang.
- Huang resigned Thursday and CFO Colette Kress was named interim CEO.
- Broader indexes still posted weekly gains, though hot inflation data raised concerns about further Fed rate hikes.
Source: cnbc.com — Alexa Lomonaco, 2026-11-14
Published there as: “Nvidia's leadership crisis rattles the AI trade. Here's how we're adjusting our portfolio”
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