On November 12 local time, Nvidia announced that Jensen Huang had resigned as president, CEO, and board member, effective immediately. Succession arrangements: CFO Colette Kress will serve as interim CEO, and Harvey C. Jones will become Nvidia’s first chairman of the board. The board has begun a CEO search and is considering both internal and external candidates. Huang led Nvidia for 33 years; the announcement did not state the reason for his departure. Market reaction: After the news broke, NVDA fell more than 13% at one point in premarket trading, and hit an intraday low of $148.80. It closed that day at $166.19, down 4.34%, wiping out approximately $182 billion in market value in a single day. #NVDA #NVIDIA #Aİ