Nvidia Closes Below $4 Trillion Valuation in Wake of Jensen Huang Resignation

Nvidia's market capitalization fell below $4 trillion on Friday for the first time since July 2025, concluding a volatile week of trading following the resignation of co-founder and chief executive Jensen Huang.

Shares of the Santa Clara, California-based chipmaker fell 2.01% on Friday to finish at $162.85, according to market data and reporting from CNBC Technology (https://www.cnbc.com/2026/11/13/nvidia-nvda-stock-jensen-huang-transition.html). The decline brought the company's weekly loss to 12.75% and marked its sixth consecutive weekly drop—its longest negative streak since 2012. Over the trailing month, Nvidia has shed more than 20% of its market value.

The sharp pullback came after Huang stepped down on Thursday following growing board scrutiny over multiple extramarital relationships. Nvidia named longtime Chief Financial Officer Colette Kress as interim chief executive, while board member Harvey Jones assumed the role of board chairman.

Huang initially disclosed an affair in a memorandum to staff on Sunday, prompting Nvidia's board of directors to initiate an investigation. Public pressure intensified through the week as media reports surfaced detailing other relationships, including scrutiny over alleged ties to a Chinese national suspected of working on behalf of Beijing. The New York Times reported on Wednesday that Huang was involved in an extramarital relationship with Kimberly Powell, Nvidia's vice president of health care, and Reuters reported Thursday on another relationship with an unnamed employee. Nvidia did not provide comment to CNBC on the reports.

The leadership transition unsettles investors at a pivotal moment in the expansion of AI data center infrastructure, an industry that Huang shaped over three decades. Prior to his departure, Wall Street analysts warned that losing the co-founder could erase up to 20% of Nvidia's market value. Stephane Houri, head of equity research at ODDO BHF, told CNBC's "Squawk Box Europe" that the technical architecture and trajectory of the AI sector had been heavily reliant on Huang's vision.

Kress now assumes operating leadership of the dominant AI accelerator manufacturer as Nvidia prepares for its upcoming quarterly earnings report and the board evaluates permanent succession plans.