Nvidia CEO Jensen Huang resigns ahead of board vote after scandals

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Nvidia CEO and founder Jensen Huang has resigned ahead of a board vote to remove him, following scandals involving affairs and a massive drop in company value. The board backed Huang after his first affair with a suspected Chinese spy, but reversed course after a second affair and an $800 billion market valuation loss. A November 11 board meeting preceded his resignation, with an interim CEO expected to replace him. Nvidia's stock has fallen over 10.5% since the revelations, trading at $173.73 on November 11. Huang co-founded the company in 1993, and his personal net worth grew from $3 billion in 2019 to $90 billion by May 2024.


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