Nvidia CEO Jensen Huang resigns, shaking AI markets and investor portfolios

abc15.com —

Jensen Huang resigned as CEO of Nvidia on Thursday, effective immediately, following reports of affairs and national security concerns, ending his 33-year leadership of the AI chip giant. The resignation came after reports of Huang's relationship with Alice Huang, whom U.S. intelligence identified as a Chinese asset, and a separate affair with a married executive. CFO Colette Kress will serve as interim CEO, and shares fell over 14% at market open before recovering. Nvidia's market value dropped below $4 trillion, erasing $830 billion this week, impacting index fund holders as Nvidia comprises about 7% of the S&P 500. The board named Harvey Jones as first-ever chair and will consider internal and external candidates for a permanent CEO.


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