Nvidia CEO's resignation hits pension funds and savers

Summarised from 2 outlets · Updated 14 Nov, 05:38 · Archive

Nvidia's chief executive Jensen Huang has resigned after revelations of extramarital affairs, causing the chipmaker's stock to fall sharply.

Jensen Huang has resigned as chief executive of Nvidia, one of the world's most valuable companies, following revelations of extramarital affairs. The crisis engulfing the chip giant has sent its stock tumbling, shedding nearly $500 billion in market capitalisation since the close of US trading last week.

British pension holders, savers and investors are highly likely to be exposed to the growing crisis, even if they have not bought individual shares in Nvidia. Holders of stocks and shares ISAs may be exposed through investments in the US stock market. Retail investors using exchange-traded funds through platforms such as Trading 212, particularly S&P 500 trackers, could also be similarly affected.

Nvidia represented around seven per cent of the S&P 500 index before the stock slide, meaning roughly £7 of every £100 invested in the US stock market was invested in Nvidia. The company made up around eight per cent of the more tech-heavy Nasdaq 100 index. Workplace pensions are highly likely to be invested in tracker funds and could be affected, with some 45 per cent of the total holdings of UK defined contribution pension schemes held in the US stock market according to April 2025 analysis from investment bank Panmure Liberum.

How it is being reported

• Nvidia’s cult of personality was bound to end badlyIt is worth paying attention to the warning signs of corporate hubris — they often mean something bad is about to happenFinancial Times · 14 Nov, 05:00
• You might not think it, but the Nvidia scandal is already affecting you. Here’s howThe crisis engulfing the chip giant is worrying for savers, investors and anyone with a pensionThe i Paper · 13 Nov, 15:00

In this story: Jensen Huang · Nvidia · United Kingdom

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