Nvidia is on course to lose more than $700 billion in market value following the sudden resignation of CEO Jensen Huang, according to CBS News. The company's shares fell 9.5% in early trading on Thursday, adding to losses earlier in the week.
Analysts have warned that losing Huang could weaken investor confidence, given his central role in building Nvidia into a leading artificial intelligence chipmaker. However, some argue that the company's technology, software and customer network remain valuable despite the leadership change.
The sell-off comes amid wider concerns about whether the AI industry can generate sufficient profits to justify its massive investments.
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#TechToday | Nvidia shares crash over 10% after Jensen Huang's exit; $750 billion wiped out as AI stocks tumble https://t.co/nXMkZPlRAo
— Business Today (@business_today) November 12, 2026
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