Nvidia CEO resigns after affair, wiping $600 billion from market value

timesofindia.indiatimes.com —

Nvidia CEO Jensen Huang resigned on November 11 after admitting to an affair with a former executive, causing shares to fall up to 14 percent and wiping out as much as $600 billion in market value. The board appointed finance chief Colette Kress as interim CEO. The woman involved, Alice Huang, is reportedly viewed by US intelligence as a Chinese asset, though Beijing calls the claim unsubstantiated and no proof has emerged. Nvidia's dominance stems from its CUDA software platform and networking, holding over 75 percent of the AI accelerator market. China is countering through domestic chips, grey-market smuggling, and model extraction, while India's AI infrastructure relies heavily on Nvidia.


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