Nvidia Shares Fall 13% at U.S. Open After Huang Steps Down

Nvidia shares fell 13% at the U.S. market open Thursday after the company announced that Jensen Huang would leave his role effective immediately.

Shares were down 12% in premarket trading at 9:15 a.m. ET (14:15 UTC). By 9:31 a.m. ET (14:31 UTC), they were down 13% at the open. Those were successive readings from the same session: the later figure showed a decline one percentage point deeper than the earlier one.

The timing matters when comparing the two figures. The 12% figure describes the premarket move, while the 13% reading was recorded at the opening of U.S. trading. They reflect separate observation times, rather than competing estimates of a single snapshot.

Nvidia's announcement made Huang's departure effective immediately. The company's interim CEO will hold an all-employee meeting.

U.S. stock indexes opened mixed, while AI-related stocks broadly fell. CoreWeave was down more than 16.82% at the open.