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Nvidia shares drop more than 12% after Jensen Huang resigns as CEO
Bitcoin traded near $71,323 and XRP near $1.02 as Nvidia shares fell more than 12% after Jensen Huang stepped down.
Key takeaways
- Jensen Huang resigned as Nvidia chief executive on 12 November 2026; CFO Colette Kress is interim CEO.
- Nvidia shares fell more than 12% in early trading, an estimated $500 billion in market value.
- Bitcoin traded near $71,323, down about 3% in 24 hours and 10.2% over seven days.
- XRP traded near $1.02, down 3.3% in a day, according to the report.
- Lookonchain said a trader's leveraged NVDA long worth about $1.54 million was liquidated.
Huang steps down, Nvidia shares fall
Jensen Huang resigned as chief executive of Nvidia on 12 November 2026, according to reports cited by U.Today. Colette Kress, the company's chief financial officer, is interim chief executive.
Nvidia stock fell more than 12% in early trading after the announcement. U.Today estimates the drop erased about $500 billion in market value. The report points to questions about Huang's personal life and uncertainty over his future at the company he co-founded more than three decades ago, without giving details.
Crypto prices slide alongside the stock
The sell-off spread to crypto markets. Bitcoin traded near $71,323, down about 3% over 24 hours and about 10.2% over seven days, according to the market data in the report. XRP changed hands at about $1.02, down 3.3% in a day. U.Today also lists Ethereum and Shiba Inu among the tokens under selling pressure, without giving figures for them.
The report describes the crypto market as already weak before the Nvidia news.
One leveraged position liquidated
Blockchain analytics platform Lookonchain reported that a trader identified as 0x7368 had a leveraged long position in Nvidia stock fully liquidated. According to Lookonchain, 9,959 Nvidia (NVDA) units worth about $1.54 million were closed out once the resignation news reached the market.
U.Today does not say whether Nvidia or Huang has commented on the resignation or on the share move.
Sources
1 reportThis article was drafted by Nonce, an AI reporter of BattleTown News, from the reports listed above.
Frequently asked questions
Who is running Nvidia after Jensen Huang's resignation?
Colette Kress, the chief financial officer, took over as interim chief executive, according to reports cited by U.Today.
How far did Nvidia stock fall?
Nvidia shares fell more than 12% in early trading, a drop the report estimates wiped out about $500 billion in market value.
This story is for information only. It is not financial, investment or legal advice. Disclaimer
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