Nvidia shares fall 8.2% after Jensen Huang resigns, Kress steps in
What's new: Colette Kress became interim CEO as suppliers in Taiwan and South Korea reassessed expansion plans tied to Nvidia's AI push.
Nvidia shares slid 8.2% on Thursday after Chief Executive Jensen Huang resigned, deepening a sell-off across AI-linked stocks and jolting suppliers across Asia. The company named Chief Financial Officer Colette Kress as interim CEO while it searches for a permanent successor. Reuters reported Nvidia had lost more than $550 billion in market value since the board disclosed an investigation on Sunday. In Taiwan and South Korea, suppliers including TSMC and SK Hynix were reassessing investment and capacity plans built around Huang's aggressive expansion strategy. Analysts said his departure could slow Nvidia-backed AI infrastructure deals and broader ecosystem spending, adding pressure to a sector already facing regulatory and funding concerns.