Key Facts
Bitcoin fell to its lowest level since Aug. 20, trading near $71,400 Thursday, as tech stocks slid after NVIDIA said CEO Jensen Huang had resigned effective immediately.
NVIDIA’s board named CFO Colette Kress as interim CEO and Harvey C. Jones, the former Synopsys CEO, as the company’s first-ever independent board chair.
NVDA shares fell about 14% in early trading, according to the Associated Press, as Bitcoin extended a rough stretch that began with a Nasdaq selloff on Nov. 5.
Bitcoin fell to its lowest level since Aug. 20, trading near $71,400 Thursday, as tech stocks slid after NVIDIA said CEO Jensen Huang had resigned effective immediately.
NVIDIA’s board named CFO Colette Kress as interim CEO and Harvey C. Jones, the former Synopsys CEO, as the company’s first-ever independent board chair.
NVDA shares fell about 14% in early trading, according to the Associated Press, as Bitcoin extended a rough stretch that began with a Nasdaq selloff on Nov. 5.
NVIDIA Shares Sink as Bitcoin Extends Its Losing Streak
“NVIDIA’s strength has always come from its people,” Kress said, adding that she is committed to building on the foundation Huang created over his 33 years at the company. Board Chair Jones said the leadership team has the board’s full confidence and that NVIDIA’s operations, customer commitments, and product roadmap are expected to continue without interruption.
NVDA shares fell about 14% in early trading, according to the Associated Press, wiping out tens of billions of dollars in market value from the chipmaker. NVIDIA is still scheduled to report third-quarter fiscal 2027 results on Nov. 17, as previously announced, with an earnings call to follow.
