Nvidia shares move sharply after report of CEO resignation, while Nebius stock slides on softer outlook

US stocks rose in late-morning trading Thursday after earlier losses faded, according to a market roundup by Yahoo Finance. The update pointed to a sharp reaction in Nvidia’s shares following news involving CEO Jensen Huang’s role, a headline that drew attention even as the broader market stabilized.

The same roundup also flagged weakness in Nebius, a separate market mover, with shares falling in response to what the report described as “soft guidance.” Nebius was not the focus of Nvidia’s business, but both companies were cited as key drivers in the mid-day tape as investors weighed direction from management.

For Nvidia, the report centered on a claim that CEO Jensen Huang had resigned. Investors typically treat top leadership moves at major semiconductor and AI infrastructure companies as indicates about near-term strategy and succession, which can translate quickly into share-price volatility, even before company filings or detailed transition plans are available to the market.

The roundup did not provide, in the information available here, the specifics around when Huang would step down, what internal transition steps are planned, or whether an immediate replacement has been named. It also did not lay out any quantitative update on demand, margins, or capital spending alongside the leadership headline.

On Nebius, the market reaction was tied to the tone of guidance rather than a one-time operational event. Guidance, meaning management’s outlook for future revenue, earnings, or performance, is often closely watched because it can shape expectations for enterprise AI spending, infrastructure procurement, and the timing of product deployments.