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Shares of the leading artificial intelligence (AI) company, Nvidia, fell 4.34% at the close of Wall Street this Thursday after a day marked by the resignation of its CEO and co-founder, Jensen Huang.
At the closing bell, the company's shares dropped to $166. In pre-market trading, shares had fallen as low as $150.
Nvidia shares have accumulated a decline of more than 16% since November 3, when they closed above $206. More than 8% of that pullback has occurred in the last five days.
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The Democratic victory in the midterm elections fueled investor fears of stricter regulation in the AI sector and triggered sell-offs of technology stocks.
Market pressure intensified after it was revealed that the Nvidia co-founder was having an extramarital affair with Alice Huang, a former executive at Megaspeed, a Singapore-based company that U.S. officials consider suspicious of working for the Chinese government.
This Thursday, the businessman resigned as chairman, CEO, and member of the company's board of directors.
In his place, Nvidia has appointed its Chief Financial Officer, Colette Kress, as interim CEO.
The company, which is scheduled to report its quarterly results on November 17, surpassed a $3 trillion market valuation in 2024 and exceeded $5 trillion in October 2025, driven by investments from major tech companies in infrastructure for developing and training AI models.
Huang's departure raises questions about the continuity of the company's strategy and its leadership in the sector. EFE
[Publicidad]