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Nvidia stock closes down over 4% after CEO Jensen Huang announces resignation

Nvidia stock closes down over 4% after CEO Jensen Huang announces resignation

Jensen Huang, CEO of NVIDIA, speaks to reporters and answers questions during a brief press availability outside a Korean barbecue restaurant in Seoul, South Korea, on June 5, 2026.

Chris Jung | Nurphoto | Getty Images

Follow CNBC’s live coverage of Nvidia CEO Jensen Huang’s resignation here.

Nvidia shares declined 4.34% Thursday after Jensen Huang announced he would immediately step down as CEO and a member of the board at the chipmaker.

The stock hovered under $4 trillion in market cap for most of the day, but climbed slightly heading into the close to finish above the number. The 4% fall pared steeper losses earlier in the day of as much as 14%. Nvidia has closed above the $4 trillion market cap benchmark since July 2025.

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