Key Highlights

  • Nvidia (NASDAQ:NVDA) was trading down about 11.93%, or USD 20.73, at USD 153.00 in pre-market on Thursday, November 12, 2026, per market data; other reports put the move between about 9% and 12%.
  • The stock slipped 4.27% to USD 178.67 on Monday, November 9, after the board opened an independent investigation, and then rebounded 2.87% to USD 173.73 on Wednesday, November 11.
  • Jensen Huang, who co-founded the company in April 1993, resigned as president, chief executive and director effective immediately, and Chief Financial Officer Colette Kress is interim chief executive.
  • Third-quarter fiscal 2027 results are scheduled for November 17, 2026, the first scheduled event since the resignation, with no permanent chief executive named and no search timetable disclosed.

From a Published Report to a Board Investigation, October 29 to November 8

The sequence began on October 29, when a published report said US officials had concluded that a woman linked to an Nvidia-related company was a Chinese intelligence asset close to Huang. That was an allegation, and Nvidia (NASDAQ:NVDA) has not confirmed any compromise. On October 30, Huang said in an interview that dealings with that company were normal. On Sunday, November 8, the board opened an independent investigation, citing reporting that he had been the target of a foreign intelligence effort. The board said it had no reason to believe US national security or company secrets were compromised, and Huang pledged to cooperate. He also reportedly told employees he had been unfaithful to his wife, according to published accounts.

The Price Steps: USD 178.67, USD 173.73, Then USD 153.00

The first market reaction came on Monday, November 9, when shares fell 4.27% to USD 178.67, and an investor reportedly filed a securities lawsuit in California. On November 10, the independent directors retained a law firm to run the probe. The stock rose 2.87% to close at USD 173.73 on Wednesday, though another report put that gain at 2.92%. After the close, a published report described a second alleged relationship, with a vice president who reported to Huang, and others said the board was weighing his future. Shares were reported down more than 8% after hours, and one report cited an overnight low of USD 156.20, the lowest since July 2025.

Resignation Announced Before the Open: Who Runs Nvidia Now

Before the US open on November 12, the company announced that Huang had resigned, effective immediately. The release gave no reason and no quote from him. Kress keeps her finance duties while serving as interim chief executive, and the board will search internal and external candidates. Harvey Jones, a former Synopsys chief executive and a director since 1993, becomes the board's first chair. Nvidia (NASDAQ:NVDA) did not say whether Huang keeps an advisory role. One report noted that the wording "resigned" differs from accounts describing a removal, a point the release does not address. KeyBanc downgraded the stock to Sector Weight, while Bernstein moved to Market Perform and cut its price target to USD 200 from USD 400, as reported.

Where Things Stand

Over 15 days, a report turned into a board probe, a second report and a resignation, and shares went from USD 178.67 on November 9 to USD 153.00 in pre-market on November 12. That is the answer, though the pre-market figure is not a close and the regular session has yet to open. Nvidia (NASDAQ:NVDA) now heads toward results on November 17 with an interim chief executive, no named successor and an investigation whose findings have not been released.