Huang exit rattles Nvidia shares and puts index funds in focus

Canada's public broadcaster reports a sharp pre-market fall as Colette Kress takes interim charge of the chipmaker.

Channel: CBC News ·

CanadaStory of November 13, 2026Trari Newsroom

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Jensen Huang resigns as Nvidia CEO

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0:44De Montigny reports that Nvidia's board met overnight following newspaper revelations about Huang.
1:15Nvidia shares were down approximately 10% in pre-market trading, according to the report.
1:23Chief financial officer Colette Kress becomes interim CEO while Nvidia searches for a permanent successor.
2:18The discussion explains how Nvidia's weight in major indexes exposes broader investment portfolios to its share-price fall.
3:08De Montigny says earlier reports had erased more than $600 billion in market value over three days.

Nvidia's leadership crisis has implications for investors who never bought its shares directly. The chipmaker's significant weight in major stock indexes means a steep fall can also affect funds held in retirement and other savings portfolios.

That is the wider concern examined by Canada's CBC News, the Canadian Broadcasting Corporation's news service, in "Jensen Huang resigns as Nvidia CEO." Reporter Philippe de Montigny says shares were down about 10% in pre-market trading following the co-founder's departure.

According to the report, Nvidia's board met overnight after newspaper revelations about Huang's extramarital relationships. The segment also relays an allegation of a connection to Chinese intelligence. These are allegations reported in the broadcast, not findings established by the segment.

Nvidia announced that chief financial officer Colette Kress would take over as interim CEO while the company searches for a permanent successor. Huang co-founded Nvidia in 1993, making the transition a departure from leadership that had been in place since its beginnings.

The company develops graphics processors used in gaming, scientific computing and artificial intelligence. Its importance to the AI industry helps explain why a leadership change can carry consequences beyond one company's stock.

De Montigny reports that the initial revelations had already erased more than $600 billion in market value over the preceding three days. The broadcast highlights Nvidia's influence on both the Nasdaq and S&P 500, connecting the boardroom upheaval to the portfolios of ordinary savers.

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