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US chip stocks fall premarket after Nvidia says Huang to step down as CEO

NewsFeeds update

US chip stocks extended premarket losses after Nvidia announced Jensen Huang would resign as chief executive, with Intel down 3.7%, Marvell and Micron each down 5.2%, Arm 4.1%, SK Hynix 5.1% and TSMC 3.5%.

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The story so far: Nvidia CEO Jensen Huang infidelity fallout

Jensen Huang admitted infidelity and resigned as Nvidia president, CEO and board member, with CFO Colette Kress named interim CEO. Nvidia employees posted an internal message calling for Huang to return, drawing more than 1,600 comments, most backing reinstatement. Bloomberg now reports the board removed Huang on 11…

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  1. Polymarket opens market on Huang leaving Nvidia CEO role by 31 December

  2. Jensen Huang's wife could theoretically receive over RMB 500bn in a divorce, Forbes reports

  3. Circulating statement attributed to Lori Huang is written by an online user, Nvidia CEO yet…

  4. Nvidia falls over 3% after hours on report of alleged extramarital relationship involving Jensen…

  5. Polymarket traders put Ian Buck top to succeed Jensen Huang at Nvidia

  6. Nvidia loses about $700bn in market value after Jensen Huang affairs exposed, Cointelegraph says

  7. Polymarket odds of Huang leaving Nvidia by end-2026 rise to 85%

  8. Whale opens $33.3m Nvidia long on Hyperliquid and sits on $2.57m loss

  9. Nvidia directors said to favour Colette Kress as interim CEO

  10. Nvidia shares could fall to $110-155 if Jensen Huang is replaced, model suggests

  11. Nvidia board works with outside firm on possible Huang successor, with Cook floated

  12. Polymarket puts Nvidia CEO Jensen Huang's odds of year-end exit near 88%

  13. Nvidia board said to discuss Jensen Huang's future in remote meeting

  14. Nvidia shares fall nearly 7% premarket amid Jensen Huang reports

  15. Jensen Huang calls China chip ban a 'hard-to-reverse mistake'

  16. Polymarket odds of Jensen Huang leaving Nvidia by March 2027 rise to 80%

  17. Musk and other Silicon Valley figures back Jensen Huang amid Nvidia board probe

  18. Nvidia shares drop more than 10% premarket after Huang resigns

  19. US chip stocks fall premarket after Nvidia says Huang to step down as CEO

  20. Nvidia premarket decline widens to 12% after Huang departure

  21. Nvidia names CFO Colette Cress interim CEO after Huang resigns

  22. Nvidia interim CEO Cress says all-hands meeting set for 18 November

  23. Nvidia shares fall 13% at the open as Huang Renxun resigns

  24. Nvidia shares rebound to $160, erasing post-resignation decline

  25. Nvidia interim CEO Colette Kress says all-hands meeting set for 19 November

  26. Jensen Huang will not hold any role at Nvidia in future, market reports say

  27. Nvidia interim CEO Colette Kress may take more cautious approach than Huang, The Information says

  28. Nvidia's Jensen Huang to forgo $108m in unvested equity awards

  29. Duan Yongping says Jensen Huang's departure will not hit Nvidia business short term

  30. Hugging Face's Clément Delangue says firm will keep fighting for open-source AI

  31. Serenity says he no longer believes in Nvidia's future

  32. Wall Street banks see no successor to Jensen Huang, with $150 a consensus floor

  33. SemiAnalysis says Nvidia CEO frontrunner Ian Buck reluctant to take role

  34. Jukan says Nvidia's next CEO may waver on Neocloud support

  35. Trump says Jensen Huang is going through hell over scandal

  36. Jensen Huang criticised Collette Kress as a 'CFO who just reports the numbers', report says

  37. Nvidia lists interim CEO Colette Kress first as Jensen Huang moves to founder role

  38. Nvidia staff post calls for Jensen Huang to return as CEO

  39. Nvidia board ousts Jensen Huang over alleged affair, Bloomberg reports

More AI updates

  1. MiniMax falls 10.2% in 24 hours to $19.77

    AIOdailyAIBearish

  2. Nvidia board ousts Jensen Huang over alleged affair, Bloomberg reports

    AIChainCatcherAINeutral

  3. Nvidia staff post calls for Jensen Huang to return as CEO

    AIOdailyAINeutral

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.