Nvidia CEO Jensen Huang resigns; Musk backs reinstatement petition
Huang's resignation has triggered a petition backed by Elon Musk. Nvidia fell for a sixth straight week as the board's search reportedly reached Arm's CEO.
Confirmed
- Nvidia CEO Jensen Huang has resigned
- Elon Musk says he is signing a petition to reinstate Huang
- Nvidia fell for a sixth straight week, its longest streak since 2012
- NVDA closed at $162.85
Not yet known
- Whether the board's CEO search has reached Arm CEO Rene Haas (reported, unconfirmed)
- Whether Huang will be reinstated as Nvidia CEO
- Whether the reported CEO search news is the reason Arm shares fell
- How the reported personal situation could affect Huang's position is unclear
What we know
Musk said he is signing a petition to reinstate Huang. NVDA fell for a sixth week, its longest streak since 2012, closing at $162.85, as the CEO search reportedly reached Arm CEO Rene Haas, sending ARM down 4.6%. Commentators note a divorce could complicate his situation.
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“A petition is underway to reinstate Jensen and I'm signing it too”
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