Nvidia’s $1.8 Trillion Slide From October Peak
Nvidia has shed roughly $1.8 trillion in market capitalization — about €1.6 trillion — since its record on 6 October 2026, according to Euronews reporting published on 13 November 2026. The scale of the drawdown has turned a routine leadership transition into a referendum on the chipmaker’s growth model.
Until recently the most valuable company in the world, Nvidia now faces a far less certain future. The stock’s retreat is the backdrop against which Wall Street is assessing Thursday’s announcement that Jensen Huang has resigned.
Jensen Huang’s Resignation Triggers Succession Question
Nvidia announced Huang’s resignation on Thursday, 12 November 2026. Since then, analysts have been trying to work out what his departure means for the chipmaker and for the AI industry he helped build.
Huang, 63, was one of the most visible advocates of artificial intelligence. He fueled the sector’s rise through advanced chips and financing arrangements across the supply chain. Nvidia invested in both its customers and its suppliers, helping cloud operators and AI labs build the infrastructure that runs on its chips.
That network of investments and agreements is central to the investment case. The question now is whether it survives the departure of the executive most associated with it.
Colette Kress Takes Interim CEO Role
Colette Kress, Nvidia’s chief financial officer since 2013, has taken over as interim chief executive while the board searches for a permanent successor. Her appointment gives Nvidia a familiar face at the top.
For investors, the issue is whether Kress can maintain the pace of dealmaking that allowed Huang to drive the AI boom. Her long tenure as finance chief means she knows the numbers intimately, but the dealmaking role was Huang’s signature contribution.
Dan Coatsworth Flags Investor Skepticism on Interim Setup
Dan Coatsworth, head of markets at AJ Bell, said: “Time will tell whether investors buy into this approach while Nvidia looks for a permanent replacement. The AI industry is moving at a r…” The quoted remarks, carried in the Euronews report, point to the central tension: an interim leader inherits a strategy built around a founder-style figure.
The market’s verdict will depend on whether Kress can keep the supply-chain financing engine running at the same tempo.
Key Man Risk Becomes a $1.8 Trillion Question
The primary RSS summary framed the story bluntly: “The ultimate key man risk.” The $1.8 trillion decline since 6 October quantifies that risk in market terms.
Nvidia’s model relied on Huang as both strategist and dealmaker. He championed AI publicly and used Nvidia’s balance sheet to invest across the ecosystem, tying cloud operators and AI labs to its chips. Removing that central node raises the question of whether the agreements continue at the same pace.
Investors are not just pricing the loss of a CEO. They are pricing the potential slowing of a dealmaking flywheel that helped make Nvidia the biggest name in AI.
What to Watch as the Board Hunts a Successor
The next signal is the board’s choice of permanent CEO and how quickly it arrives. A swift appointment of a leader with dealmaking credibility would test the bear case; a prolonged search would extend the uncertainty that has already erased $1.8 trillion in value since 6 October 2026.
Watch also whether Kress maintains Nvidia’s investment pace in customers and suppliers. Any slowdown in that financing activity would confirm the key-man thesis; a steady cadence would challenge it.
Sources: rss_autopost