Nvidia CEO Jensen Huang resigns after second affair allegation rocks chip giant
Nvidia CEO Jensen Huang resigns after reports of second affair deepened scandal
Nvidia's board announced Jensen Huang's resignation as CEO after reports of a second extramarital affair, one allegedly involving a Chinese spy. CFO Colette Kress steps in as interim CEO. Shares fell nearly 8% in four days, and after-hours trading dropped another 8%, cutting market value from $4.5 trillion toward $3.8 trillion. The board, which has 11 members including Huang, moved from public confidence to weighing his removal within days.
The board's tone has shifted sharply in a matter of days. That makes a departure increasingly likely.
- theandrewbailey
- Betelbuddy
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