Nvidia shares drop 7.7% after Jensen Huang resigns, Colette Kress named interim CEO

Nvidia shares fell 7.7% to $160.28 on Thursday after Jensen Huang resigned as president and CEO and left the board, ending 33 years at the chipmaker he cofounded. The board named CFO Colette Kress interim chief and made Harvey Jones its first chair. Nvidia gave no reason for the exit and said third quarter results will be released Tuesday as planned. Nvidia lost about $430 billion in market value this week.