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Nvidia sheds $1 trillion in a month; Huang slips to 13th on Forbes rich list

Nvidia faced a sharp decline in stock value following CEO Jensen Huang's surprising resignation, igniting fears about its leadership stability. In just on

TOI BusinessNovember 13, 20261 min read

Nvidia sheds $1 trillion in a month; Huang slips to 13th on Forbes rich list

Nvidia faced a sharp decline in stock value following CEO Jensen Huang's surprising resignation, igniting fears about its leadership stability. In just one week, the company's market value plummeted by nearly $500 billion, with shares now down around 30% from October's peak. Consequently, AI ecosystem firms suffered losses, while competitors thrived. Investors are now bracing for Nvidia’s upcoming quarterly report, eager to assess revenue and future projections.

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