Jensen Huang Falls: Nvidia Loses $600 Billion in Market Value! Is Bitcoin in Even Greater Danger?
On November 12, 2026, Nvidia announced that Jensen Huang had resigned from his positions as company president, CEO, and member of the board of directors. CFO Colette Kress has been appointed interim CEO, while the board has launched a search for a permanent successor. A Chinese-American entrepreneur who built his business in the United States, grew alongside the American tech industry, and established the worlds most important AI chip empire has now walked away from the company he led for 33 years. The official announcement used the word “resigned,” rather than “fired.” However, following a series of investigations, media revelations, and board meetings, it is difficult to interpret his departure as an ordinary personal career decision. As soon as news of Huangs resignation broke, Nvidia shares plunged 14%, wiping out more than $600 billion in market capitalization—roughly equivalent to Singapores entire GDP. As the backbone of the AI industry and once the worlds largest company by market capitalization, could Nvidias collapse trigger a broader sell-off in AI and technology stocks？ Could that, in turn, drag down the US stock market, drain market liquidity, and eventually trigger another major sell-off in Bitcoin and the broader crypto market？ Bitcoin has now officially fallen below the $70,000 mark,
