Nvidia shares plunged after co-founder and chief executive Jensen Huang resigned, rattling technology stocks and putting fresh attention on the company’s influence across the market.¹

The sell-off accelerated early Thursday. Nvidia was down more than 11.5% in premarket trading before recovering some ground, leaving it nearly 8% lower in early trading.² The decline landed after a sharp reversal: Nvidia reached an all-time high of $239.24 on Oct. 6, when its market value stood at $5.78 trillion. Since then, roughly $2 trillion in value has been erased, according to the report.²

The market stakes extend well beyond Nvidia. At the time of the report, the company was the second-largest in the United States by market capitalization, giving its losses significant weight in the S&P 500 and Nasdaq 100—indexes held by professional and individual investors alike.²

Investors were also looking for clues about whether Huang’s departure might alter expectations for the AI boom. The report flagged trading across the ecosystem, from major technology companies and cloud providers to memory-chip makers and data-center construction firms, as a key watchpoint.² The immediate picture was clear: Nvidia’s sell-off had spread unease through tech, while the longer-term question was whether the leadership change would reshape confidence in the businesses built around AI.