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Nvidia shares recover some losses after Huang exit, Korean report says

The report describes emergency leadership changes, fresh misconduct allegations and a congressional inquiry continuing after the founder's departure.

Channel: YTN ·

South KoreaStory of November 13, 2026Trari Newsroom

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젠슨황, 결국 불명예 퇴진...세번째 불륜 스캔들도 나와 / YTN

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0:25The correspondent cites Reuters on another alleged employee relationship and reports Huang's immediate resignation.
1:47Nvidia shares initially fall more than 13%, then recover part of the loss, according to the report.
3:04The report identifies Colette Kress as interim CEO and Harvey Jones as the new separate board chair.
4:00Lawmakers pursue testimony concerning possible national-security implications, with a subpoena discussed if Huang refuses to appear.
5:00The closing update reports Huang's legal representation and Trump's suggestion of Tim Cook as a successor.

Nvidia shares plunged more than 13% at the opening of New York trading before recovering much of that loss following Jensen Huang's resignation, South Korea's 24-hour news broadcaster YTN reports. By the time of its broadcast, the decline had narrowed to around 5% as buyers returned.

Washington correspondent Shin Yoon-jung says the board announced Huang's immediate departure as chief executive, president and director. Although the announcement described a resignation, the report says major international outlets characterized it as an effective dismissal.

Huang co-founded Nvidia in 1993. Its chips serve both gaming and artificial intelligence, making a change at the top consequential well beyond the company's own investors. The broadcast says the technology-heavy Nasdaq also recovered some of its initial losses, while investment banks lowered Nvidia price targets amid uncertainty about its leadership.

The report cites Reuters, in turn citing multiple sources, on an additional alleged relationship between Huang and an employee. It also describes a US investigation into allegations that Megaspeed illegally transferred advanced Nvidia AI chips to China. Those allegations are presented as matters under investigation, not findings that Huang committed an offense.

For Nvidia, the immediate response is a new management structure. The broadcast says finance chief Colette Kress has become interim CEO while the company searches for a permanent successor, and Harvey Jones has been appointed to a newly created separate board-chair position. Kress sent employees a message acknowledging the difficult circumstances shortly after her appointment, according to the report.

The congressional investigation is continuing. The broadcast describes preparations for closed-door testimony from Huang and a possible subpoena if he declines to appear. House Speaker Mike Johnson and Democratic leader Hakeem Jeffries welcome his departure in interview clips, with Jeffries calling for answers about whether American national security was compromised.

The report closes by saying Huang has retained law firm Paul Weiss and that Donald Trump suggested Apple's Tim Cook as a successor on social media, not that Cook had been appointed. Nvidia's next scheduled steps, it says, are quarterly results on November 17 and an employee meeting the following day.