NVIDIA just took a massive hit: its value dropped by over $1 trillion in the past month, amid concerns about the company's leadership and AI outlook.
Shares slid as much as 14% in one day, closing at $166.19, and the company's market cap dipped below $4 trillion for the first time since July 2025.
The shake-up has left people questioning what's next for NVIDIA.
NVIDIA partners fall as rivals gain
Huang's resignation added to the uncertainty, knocking him down Forbes's billionaire rankings and rattling NVIDIA's partners: CoreWeave shares fell 8.1%, Nebius dropped 18% after lowering its forecast, and Super Micro Computer lost 12%.
Meanwhile, rivals like AMD and Broadcom actually gained ground.
With earnings coming up soon, investors are watching closely to see if NVIDIA can steady itself in the fast-moving AI race.