Jensen Huang resigns as Nvidia CEO: the week's most-searched market story, explained

Published 14 November 2026. Share prices are closing figures to Thursday 12 November.

Jensen Huang resigned as Nvidia's president, chief executive and board member on Thursday 12 November, with immediate effect. Chief financial officer Colette Kress became interim chief executive, and Nvidia's shares closed 4.3% lower that day, down 11% on the week.

It was the market story people searched for most this week. Google Trends listed "jensen huang" among the UK's top trending searches of the past seven days, at more than 1 million searches, with "nvidia stock" and "nvidia share price" as related queries. This page sets out what the company said, what the shares did and what is scheduled next. It says nothing about where the shares go from here.

What Nvidia said, day by day

Everything below comes from the company's own statements. None of them gives a reason for the resignation.

• Sunday 8 November: the board said it was opening an independent review after recent reports that Huang had been the target of a foreign intelligence effort. It said it had no reason to believe national security or company secrets had been compromised, and that it had confidence in Huang.
• Tuesday 10 November: the board's independent members said they had retained outside counsel, including a former acting US Attorney, to conduct the investigation.
• Thursday 12 November: Huang resigned. Kress keeps her finance role while the board searches for a permanent successor among internal and external candidates. Harvey C. Jones was appointed the board's first chair. He said the company expects its operations, customer commitments and product roadmap "to continue without interruption".

The move in numbers

Source: Nasdaq, Nvidia historical data and Nasdaq Composite historical data. Changes are calculated from daily closes.

Thursday's session was rougher than its close suggests. Nvidia touched $148.80, 14.4% below Wednesday's close, before recovering most of the fall. About 748 million shares changed hands, roughly seven times the October daily average of 103 million. Every fall in the share price cuts the company's market value by the same percentage.

Context: one stock, not the whole market

The selling was concentrated in Nvidia. Over the same four sessions, the Nasdaq Composite index, which holds Nvidia among thousands of listed companies, rose 3.2% to 25,366.09.

The slide also started before the board's first statement. Nvidia fell 9.3% on Thursday 5 November, and Thursday's close of $166.19 is 30.5% below its highest close since 1 October, $239.24 on 6 October. A fall of 10% to 20% from a recent peak is what traders call a market correction; this one is larger. For how Nvidia's rise once carried the index, see how Nvidia drove the Nasdaq to a new record.

What is scheduled next

• Tuesday 17 November, about 21:20 UK time: Nvidia reports its third-quarter results for fiscal 2027, as previously scheduled, with a conference call at 22:00. These will be the first results under the interim chief executive.
• No date given: the board's search for a permanent chief executive, and the independent investigation opened on 8 November.

The rest of this week's market dates are in the financial agenda for 9 to 13 November.

Single shares can move sharply around company news and results, in either direction. For what that means in practice, see volatility.

Sources

1. Google Trends: Trending now, United Kingdom, past 7 days (read 13 November 2026, 14:46 UK time)
2. NVIDIA Newsroom: Statement From NVIDIA Board of Directors (8 November 2026)
3. NVIDIA Newsroom: Statement From the Independent Members of the NVIDIA Board (10 November 2026)
4. NVIDIA Newsroom: NVIDIA Announces CEO Transition (12 November 2026)
5. Nasdaq: NVIDIA Corporation (NVDA) historical data, 1 October to 12 November 2026
6. Nasdaq: Nasdaq Composite Index (COMP) historical data, 2 to 12 November 2026