NVIDIA Stock Falls 2% as Report Names Arm CEO Rene Haas a Contender
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NVIDIA shares fell 2.01% to $162.85 on Friday following co-founder Jensen Huang’s resignation as CEO, then slipped another 1.13% to $161.01 in after-hours trading after a report said the board had approached Arm CEO Rene Haas about the role. The decline reflects investor uncertainty over leadership at the chipmaker as it balances its core semiconductor business with growing AI and crypto-adjacent exposure. Haas, who runs Arm, would bring deep semiconductor licensing expertise, though his potential departure would raise questions for Arm’s own investors. Watch for formal word from NVIDIA’s board on a permanent CEO and any signal from Arm on succession planning.
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Named in this story
NVIDIA (NVDA), Rene Haas, Jensen Huang, Arm (ARM), Colette Kress
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