TSMC Shares Fall 3.5% as Nvidia CEO Jensen Huang Resigns

U.S. chip stocks extended premarket losses Thursday after Nvidia CEO Jensen Huang resigned, with TSMC down 3.5% as declines covered seven semiconductor companies.

Nvidia shares fell more than 10% in premarket trading. Intel was down 3.7%, while Marvell Technology and Micron each lost 5.2%. ARM Holdings fell 4.1%, and U.S.-listed SK Hynix dropped 5.1%.

Of the other six names, Marvell Technology and Micron had the largest listed losses, both at 5.2%, while TSMC's 3.5% fall was the smallest. Nvidia's decline exceeded every other percentage in the snapshot.

Huang resigned from three Nvidia roles: president, CEO and board member. Nvidia named Colette Kress interim CEO. The declines extended beyond Nvidia: all six other named semiconductor stocks were also lower in premarket trading. The other listed losses ranged from 3.5% to 5.2%, while Nvidia's drop exceeded 10%. All figures reflect Thursday's premarket session on Nov. 12, 2026.