Nvidia stock briefly fell below $150 on Thursday for the first time since June 2025 after Jensen Huang resigned as CEO.
Shares slid under $149 in the first minutes of trading. That was a drop of as much as 14.3% from Wednesday’s close of $173.73.
The stock pared part of that loss within minutes.
Last close under $150 was June 24, 2025
Record close of $239.24 on October 6
Thursday’s low was 37.8% below that record
Nvidia said Huang resigned as president, CEO and board member, effective immediately. Chief Financial Officer Colette Kress is interim CEO and keeps the CFO job while the board searches for a permanent successor.
The board also named former Synopsys CEO Harvey Jones as its first-ever chair. Huang co-founded Nvidia 33 years ago.
The resignation follows reports of two extramarital affairs. The Wall Street Journal reported that one involved Alice Huang, who has held a senior role at Nvidia customer Megaspeed and whom U.S. officials, the Journal said, believe was passing information to the Chinese government. The Journal said the two are not related.
The New York Times first reported the second affair, with an Nvidia employee. Huang told staff on Sunday that he had been unfaithful to his wife. Nvidia’s board has said it has no reason to believe that national security or Nvidia secrets were compromised. Huang has said he supports the investigation and is committed to protecting Nvidia and America’s national security.
Nvidia’s announcement did not mention the reports.
The company still plans to report quarterly results next Tuesday. Nvidia was already lagging the AI stock rebound before the news. See more in our stocks coverage.
Nvidia heads into earnings without the founder who built it.
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