Intel stock falls nearly 3% as Nvidia’s leadership shake-up rattles chipmakers

Jensen Huang's abrupt exit from Nvidia is raising questions about the chip giant's $5 billion bet on Intel and the partnership built around it Intel shares fell nearly 3% as the fallout from Nvidia ’s leadership crisis spread across the semiconductor sector. Intel didn’t do anything wrong this time. It just happens to have the most important shareholder in the chip business, and that shareholder has no permanent CEO. Jensen Huang is now Nvidia’s former CEO. His exit has hit the broader tech sector, not just the company he co-founded.