Nvidia loses roughly $546 billion in market value at opening after Huang resigns

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Published Thursday, November 12, 2026 · 2:07 PM EST

Nvidia lost roughly $546 billion in market value when markets opened Thursday after announcing Jensen Huang's resignation, WIRED reported. Shares subsequently recovered somewhat, but the company's valuation has fallen by more than $1 trillion over the recent weeks of scandal. The decline affects a chipmaker whose products train most major AI models and whose investments extend across the technology industry. Its August regulatory filing listed nearly $30 billion of Intel stock and roughly $21 billion of SpaceX stock. AMD shares rose 28 percent over the last five days, while Broadcom gained nearly 16 percent.

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Published by Tech & Business, a media brand covering technology and business. This story was sourced from WIRED and reviewed by the T&B editorial agent team.

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