diff --git a/packages/manager/CHANGELOG.md b/packages/manager/CHANGELOG.md
index 8ab21bda0ad..2ac4e25a7b6 100644
--- a/packages/manager/CHANGELOG.md
+++ b/packages/manager/CHANGELOG.md
@@ -4,6 +4,13 @@ All notable changes to this project will be documented in this file.
 
 The format is based on [Keep a Changelog](http://keepachangelog.com/) and this project adheres to [Semantic Versioning](http://semver.org/).
 
+## [2024-05-29] - v1.120.1
+
+
+### Fixed:
+
+- Tooltip not closing when unhovered ([#10523](https://github.com/linode/manager/pull/10523))
+
 ## [2024-05-28] - v1.120.0
 
 
diff --git a/packages/manager/package.json b/packages/manager/package.json
index 8d130cfd0ba..1b6e5bf0ea2 100644
--- a/packages/manager/package.json
+++ b/packages/manager/package.json
@@ -2,7 +2,7 @@
   "name": "linode-manager",
   "author": "Linode",
   "description": "The Linode Manager website",
-  "version": "1.120.0",
+  "version": "1.120.1",
   "private": true,
   "type": "module",
   "bugs": {
diff --git a/packages/manager/src/components/TextTooltip/TextTooltip.test.tsx b/packages/manager/src/components/TextTooltip/TextTooltip.test.tsx
index 7a44e14538e..849a034e535 100644
--- a/packages/manager/src/components/TextTooltip/TextTooltip.test.tsx
+++ b/packages/manager/src/components/TextTooltip/TextTooltip.test.tsx
@@ -1,4 +1,4 @@
-import { fireEvent } from '@testing-library/react';
+import { fireEvent, waitFor } from '@testing-library/react';
 import React from 'react';
 
 import { renderWithTheme } from 'src/utilities/testHelpers';
@@ -59,4 +59,25 @@ describe('TextTooltip', () => {
     expect(displayText).toHaveStyle('color: rgb(54, 131, 220)');
     expect(displayText).toHaveStyle('font-size: 18px');
   });
+
+  it('the tooltip should disappear on mouseout', async () => {
+    const props = {
+      displayText: 'Hover me',
+      tooltipText: 'This is a tooltip',
+    };
+
+    const { findByRole, getByText, queryByRole } = renderWithTheme(
+      <TextTooltip {...props} />
+    );
+
+    fireEvent.mouseEnter(getByText(props.displayText));
+
+    const tooltip = await findByRole('tooltip');
+
+    expect(tooltip).toBeInTheDocument();
+
+    fireEvent.mouseLeave(getByText(props.displayText));
+
+    await waitFor(() => expect(queryByRole('tooltip')).not.toBeInTheDocument());
+  });
 });
diff --git a/packages/manager/src/components/TextTooltip/TextTooltip.tsx b/packages/manager/src/components/TextTooltip/TextTooltip.tsx
index 7c49761865f..e480ea3f0c6 100644
--- a/packages/manager/src/components/TextTooltip/TextTooltip.tsx
+++ b/packages/manager/src/components/TextTooltip/TextTooltip.tsx
@@ -66,7 +66,6 @@ export const TextTooltip = (props: TextTooltipProps) => {
           },
         },
       }}
-      leaveDelay={500000}
       data-qa-tooltip={dataQaTooltip}
       enterTouchDelay={0}
       placement={placement ? placement : 'bottom'}