Nvidia CEO Jensen Huang Resigns, Stock Plunges 13%

Nvidia CEO Jensen Huang has resigned, triggering a 13% stock drop at market open. The stock partially recovered, but total losses since Friday afternoon remain at 12%, according to investment director Robert Næss at Nordea. The market value loss amounts to roughly five trillion Norwegian kroner, equivalent to the entire Oslo Stock Exchange including Equinor. Næss called it the largest fall ever caused by a single person's departure. Huang resigned amid allegations of an affair with suspected spy Alice Huang and has agreed to testify before Congress. CFO Colette Kress will serve as interim CEO. President Donald Trump suggested former Apple CEO Tim Cook as a replacement. Nvidia faces internal investigations, FBI scrutiny, and shareholder lawsuits, though Næss noted the company's strong earnings and cash position ensure its survival.