Nvidia stock hits lowest valuation since 2019 after CEO resignation

Nvidia shares fell to their lowest valuation since 2019 after the company announced the resignation of its CEO, a leadership shake-up that rattled market confidence in the chipmaker. The departure raises questions about Nvidia's strategic direction at a time when investors are already sensitive to valuation stability across the tech sector. The stock's slide to multi-year valuation lows underscores how heavily markets have priced in continuity at the top of the semiconductor bellwether. What happens next hinges on the pace and profile of a successor announcement, with investors watching whether the board can reassure shareholders before the leadership vacuum feeds further de-rating.