Nvidia stock pares morning losses after CEO Jensen Huang announces resignation

Jensen Huang announced that he would step down immediately as Nvidia’s chief executive and board member, prompting a sharp fall in the company’s shares. The move matters because Nvidia is one of the world’s most valuable companies, and investors now face uncertainty over who will lead it.

Nvidia shares were down 4% on Thursday after recovering from a fall of more than 10%, leaving the company valued just below $4 trillion. Chief Financial Officer Colette Kress will act as interim CEO while the company searches for a successor, and former Synopsys CEO Harvey C. Jones will become board chair. The article links Huang’s departure to recent reports about his personal relationships, including an admission of an affair and reports of another relationship with an Nvidia executive.