[Edaily Reporter KWON HYE-ME ] As NVIDIA’s stock price plummeted in the wake of the resignation of former CEO Jensen Huang—who is facing allegations of an extramarital affair and espionage—U.S. retail investors are reportedly buying the stock at a discount. In response, investor Michael Burry, known as the real-life inspiration behind the movie “The Big Short,” warned investors to sell their NVIDIA shares.

On the 12th (local time), NVIDIA closed at $166.19 on the New York Stock Exchange, down 4.34% from the previous trading day. Early in the session, the stock opened at $151—13.08% lower than the previous trading day—and briefly fell as low as $148.80. Although this represented a 14.3% plunge from the previous day’s closing price, the decline narrowed to the 4% range as buying interest picked up.

As the stock price plummeted, buy orders from U.S. retail investors surged. According to The Wall Street Journal (WSJ), retail investors’ net purchases of NVIDIA stock reached $111 million (approximately 148 billion won) in the first 30 minutes of trading. This marks the largest volume on record for NVIDIA in the first 30 minutes after the market opens.

However, Michael Burry, the “Big Short” investor who gained fame for predicting the 2008 global financial crisis, argued that investors should sell their NVIDIA shares.

According to Business Insider, Burry stated on his paid platform, Substack, that the absence of former CEO Huang could weaken investment and cash flow, adding, “There will be another big opportunity for NVIDIA bulls to get out. Get out.”

Burry argued that former CEO Huang accelerated NVIDIA’s rapid growth by driving artificial leverage and preemptive chip purchases through investments, debt restructuring, and supply pressure.

However, his analysis suggests that if these financing and transaction structures become unstable due to former CEO Huang’s absence, it will lead to customer defections and weakened bargaining power, resulting in a slowdown in NVIDIA’s future growth and a decline in margins.

Meanwhile, former CEO Huang resigned from his position as CEO and all board roles the previous day. This marks the inglorious departure of a leader who had steered NVIDIA for 33 years, since the company’s founding in 1993. Colette Kress, Chief Financial Officer (CFO), is set to serve as interim CEO.

NVIDIA announced on its official website, “Jensen has resigned immediately from his positions as CEO and director,” adding, “It has been agreed that Colette Kress, NVIDIA’s Executive Vice President (EVP) and CFO, will serve as interim CEO.” The board has begun the process of appointing a permanent CEO and plans to review both internal and external candidates.

NVIDIA stated, “Jensen’s contributions to NVIDIA have been immense,” adding, “The board and the company express their deep gratitude for Jensen’s immeasurable contributions to the company and the industry as a whole.” NVIDIA plans to announce its financial results for the third quarter of fiscal year 2027 on the 17th as scheduled.