Berlin — November 12, 2026 -- Nvidia shares fell by more than 13% after the resignation of chief executive Jensen Huang, then narrowed the loss to about 4%, according to a release from the German outlet WELT. By FairsOnline's calculation, that is a recovery of roughly 9 percentage points, or about 70% of the initial drop.
Finance chief Colette Kress takes over as interim CEO while Nvidia searches for a successor
Huang leaves after more than 30 years at the head of the chipmaker. According to the release, his departure followed reports of personal misconduct and internal investigations by the board. CFO Colette Kress leads the company on an interim basis. Nvidia is looking for a permanent CEO both inside and outside the company.
The release describes the organization as built around Huang, with about 60 managers reporting directly to him. The release does not specify the allegations or the board's findings.
US Congress investigations and Nvidia-funded AI start-ups widen the question beyond the boardroom
The release says investigations in the US Congress have been announced. They concern possible security risks and chip exports to China. WELT also points to a network of AI start-ups that Nvidia finances from its profits and that buy Nvidia chips in return. The release lists the effect of a leadership change on that network as an open question, alongside the group's standing in Washington.
WELT's "Alles auf Aktien" publishes a special episode on Friday at 5:00
The episode is due on Friday, November 13, 2026, on welt.de and on major podcast platforms. WELT financial journalists Holger Zschäpitz and Nando Sommerfeldt discuss the case with Ludwig Ensthaler, a partner at venture capital firm 468 Capital. One question on their agenda is whether the share price decline is an entry point or the start of a structural risk discount.
WELT says it will send out key quotes from the recording on Friday morning, free to use with the credit "Alles auf Aktien" / WELT.