Nebius

Jensen Huang has resigned as Nvidia CEO amid a scandal, with CFO Colette Kress stepping in as interim chief, triggering a broad selloff across global AI stocks. Nvidia fell 8.2% intraday, dropping below a $4 trillion market cap for the first time since July 2025, with over $550 billion wiped out since the board opened its investigation; CoreWeave and Nebius also slumped, while AMD and Broadcom rose 3.7% and 5.6%. The shakeup exposes risks in Nvidia's circular chip-and-infrastructure financing model and forces a repricing of the entire AI supply chain.