Nvidia shares drop 10% after Huang steps down
In short
Nvidia shares fell 10% to $156 after Jensen Huang stepped down right away as president, CEO and board member. Colette Kress is now interim CEO.
The leadership change hit the stock quickly and showed investors reacting to the sudden shift at the top.
What the reporting says
Colette Kress was named interim CEO. The move sent the stock down sharply in trading and marked a sudden leadership change at the company, based on the reported market reaction and succession update.
Why it matters
Nvidia shares fell 10% to $156 after Jensen Huang stepped down immediately as president, chief executive and board member. The reported change put CFO Colette Kress in as interim CEO. For investors, the main market signal is the sudden leadership handover and the sharp share-price reaction tied to it.