India, Nov. 12 -- Nvidia shares came under heavy selling pressure after co-founder Jensen Huang stepped down as CEO on Thursday, with investors concerned about the leadership vacuum at the world's most valuable chipmaker. The sell-off threatens to wipe hundreds of billions of dollars off its market capitalisation.

Nvidia shares plunged in overnight and pre-market trading on Thursday following Jensen Huang's resignation as chief executive, as investors reacted to the sudden departure of the man who led the company for more than three decades.

The stock was trading at around $160.25, down 7.76% in overnight trading, according to Yahoo Finance data available during the session. It had closed at $173.73 on Wednesday.

The decline deepened t...