Micron stock drops 5% amid Nvidia CEO resignation fallout

Jensen Huang's abrupt exit from Nvidia sent shares of the AI chip giant sliding and pulled memory maker Micron down with it Nvidia lost its founding CEO this week, and the semiconductor sector felt the shockwave almost immediately. Micron Technology shares fell between 5% and 5.8% as investors reacted to Jensen Huang’s sudden resignation. Huang stepped down on November 12, 2026. He had run Nvidia for 33 years. His exit took four days from the start of a board investigation to the door. The sequence moved quickly. Nvidia’s board opened an internal investigation into Huang on November 8, 2026, after allegations of an extramarital affair surfaced. That same day, Huang acknowledged his infidelity in a memo to staff. The investigation reportedly involved two affairs.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Briefing.