Nvidia shares drop 10% after Jensen Huang resigns
By John Towfighi
Nvidia shares dropped sharply Thursday morning in premarket trading after CEO Jensen Huang stepped down.
Nvidia shares (NVDA) fell 10% before the morning bell, with declines accelerating after the company announced his departure.
The crisis surrounding Huang is unsettling the outlook for the company at the very core of the AI trade. Huang has been a central pillar of the AI boom, championing the technology’s potential and serving as a key figure in dealmaking across the tech industry.
Nasdaq futures fell 1.4%, while S&P 500 futures lost 0.7%.
Who is this guy? Where is the one with the leather jacket?
The jacket is the true CEO of Nvidia. It’s still employed
Jensen’s wife got the jacket. Maybe she’ll keep it in the divorce.