Nvidia (NVDA) CEO Resigns; AI ETFs Show Mixed Gains Amid Market Turmoil

Published on 11/14/2026 · Source: cnbc.com

AI Summary

Summarized by AI from the source below

Nvidia's (NVDA) founding CEO, Jensen Huang, resigned amid ongoing market turmoil affecting AI-related tech stocks. The transition places interim CEO and CFO Colette Kress in charge as Nvidia prepares to report its third-quarter earnings on Tuesday.

Experts on CNBC's "ETF Edge" said that despite Nvidia's difficulties, other major technology stocks connected to artificial intelligence may benefit. Dave Mazza, CEO of Roundhill Investments, noted that demand for AI chips might shift to other players if trust in Nvidia declines. Two ETFs managed by Roundhill showed modest gains last week: the Magnificent Seven ETF (MAGS) gained less than 1%, and the Neocloud ETF (NCLD) rose over 1% despite a 39% loss since its August 2026 launch.

Mixed earnings from CoreWeave, which had its best day since April 2025, and Nebius, which saw its shares decline after reporting, contributed to the Neocloud ETF's performance. Nvidia also faced its longest losing streak since 2012 following weekly losses. Analysts expect Nvidia's Q3 earnings to be key in shaping market confidence, while companies like AMD and Alphabet could see gains if Nvidia's challenges continue.

This matters for investors because Nvidia's leadership change and earnings report will directly affect the price and supply dynamics of AI chips. The performance of ETFs like MAGS and NCLD reflects broader shifts in investor confidence within the AI sector, influencing decision-making around AI industry investments.

Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.

Our take

Opinion from the Newsstocks AI desk, not investment advice

We think Nvidia's CEO resignation and its upcoming earnings report introduce uncertainty to its stock and related AI ETFs. While other AI chip makers may gain if Nvidia struggles, the sector faces mixed signals from recent earnings. The situation could improve if Nvidia reassures markets during its earnings call, but continued losses may extend downward momentum.

Key numbers

Roundhill Magnificent Seven ETF weekly gain: less than 1%
Roundhill Neocloud ETF weekly gain: over 1%
Roundhill Neocloud ETF decline since August 2026 launch: down 39%
Nvidia longest losing streak: since 2012

What could help

Other AI chip producers may benefit if Nvidia loses investor trust.
Hyperscale cloud providers may gain value if demand for AI compute remains high.

What could hurt

Concerns about company balance sheets in the AI sector could persist.
Nvidia's ongoing losses and leadership change may weigh on AI market confidence.

What to watch next

Nvidia will report its third-quarter earnings next Tuesday.

The background

ETFs group stocks to allow investment in a theme like AI technology. Earnings reports reveal company performance, affecting stock values.

Questions readers ask

Why did Nvidia CEO Jensen Huang resign?

The article reports that Jensen Huang resigned amid a turbulent week for Nvidia but does not provide specific reasons for his resignation.

How have Nvidia-related ETFs performed recently?

The Roundhill Magnificent Seven ETF gained less than 1%, and the Roundhill Neocloud ETF rose over 1% last week but is down 39% since its August 2026 launch.

When will Nvidia report its next earnings?

Nvidia will report its third-quarter earnings next Tuesday.

About NVIDIA Corporation (NVDA)

Nvidia designs the graphics and AI accelerator chips that power gaming, data centers, and the generative-AI boom, making it a bellwether for the semiconductor industry.

The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.