Nvidia Shares Plummet After CEO Jensen Huang Resigns
Nvidia Corporation shares crashed and Chinese AI stocks declined following the resignation of CEO Jensen Huang amid personal scandals.
Shares of Nvidia Corporation experienced a seismic sell-off on November 12, 2026, briefly falling below $150 per share. The crash followed the announcement that CEO Jensen Huang resigned amid intensifying scandals involving his personal relationships. The stock's decline comes after a period of record highs, having reached approximately $243 per share in October.
Nvidia Corporation appointed Chief Financial Officer Colette Kress as interim chief executive to manage the leadership crisis. Market analysts suggest the volatility could trigger broader selling pressure across the Magnificent Seven and major market indexes, as investors question the returns on AI infrastructure investments and face uncertainty regarding electricity costs and data center regulation following midterm elections.
The instability extended to Chinese artificial intelligence stocks on Friday. Major developers including Z.AI, MiniMax, Tencent, and Alibaba saw share price drops due to fears that the United States government may tighten export controls. Specifically, investors worry the U.S. Commerce Department will use the Remote Access Security Act to block Chinese companies from accessing advanced AI computing via remote overseas data centers.
In contrast, domestic Chinese semiconductor firms such as SMIC and Cambricon saw gains. Investors are betting that stricter U.S. restrictions will accelerate the development of homegrown chip alternatives within China.
