Nvidia crisis wipes $1tr off market value

Nvidia shares fell 5.4% on Thursday after an earlier slide of as much as 14.3%, as investors reacted to CEO Jensen Huang’s departure and turmoil at the chipmaker. The Express Tribune reported that CFO Colette Kress will serve as interim chief executive while the company seeks a permanent replacement. The leadership crisis comes as AI-related shares are already facing concerns over funding and regulation.

Nvidia’s market value was heading below $4 trillion for the first time since July 2025, after losing more than $1 trillion over the past month. The stock’s decline also weighed on Nvidia-backed CoreWeave, which dropped 8.1%, while the Philadelphia Semiconductor index was down 0.9% after a steeper intraday fall. Investors are also assessing whether Nvidia’s role in financing AI infrastructure could affect smaller businesses reliant on that funding.