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Nvidia shares slide after Huang departure, South Korean broadcaster reports

The leadership shake-up includes an interim CEO, a new board chairman and a search considering candidates inside and outside the company.

Channel: MBCNEWS ·

South KoreaStory of November 13, 2026Trari Newsroom

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Nvidia shares fell more than 10% in early trading after Jensen Huang's departure, according to South Korea's Munhwa Broadcasting Corporation, whose MBCNEWS breaking-news broadcast connects the founder's exit with a wider decline in US technology stocks.

The report says the Nasdaq Composite opened about 1.5% lower. Nvidia makes graphics processors used in gaming and artificial intelligence, placing its leadership transition at the center of an industry whose growth Huang helped shape.

According to the report, Nvidia's board announced that Huang had immediately resigned as president, chief executive and a director. It thanked him for his contribution but gave no specific reason for his departure or indication of whether he would retain any relationship with the company.

The broadcaster places the announcement against reporting about alleged extramarital relationships. It distinguishes the board's formal description of a resignation from accounts by The Wall Street Journal and Bloomberg describing Huang as having been ousted.

Chief financial officer Colette Kress takes interim charge while the board considers internal and external candidates for the permanent role, the report says. Kress joined Nvidia in 2013 after finance roles at Cisco and Microsoft. In a statement cited in the coverage, she pledged to build on the foundations Huang established and continue the company's work in accelerated computing and AI.

The board also named Harvey C. Jones its first chairman, adding another change to Nvidia's leadership structure. The company said its quarterly earnings announcement and accompanying conference call would go ahead as scheduled on November 17.