Nvidia CEO resigns amid misconduct claims, shaking AI chip sector

se.investing.com (Swedish) —

Nvidia shares plunged over 13% this week after CEO Jensen Huang resigned amid misconduct allegations, reshaping AI trading expectations and impacting the broader chip sector. Huang stepped down Thursday as chairman, CEO, and board member following accusations involving extramarital affairs, including with a suspected Chinese spy. CFO Colette Kress was named interim CEO, while the board searches for a permanent replacement. Bernstein analyst Stacy Rasgon maintained a Market Perform rating, citing low valuation but uncertainty ahead. Rivals Broadcom and AMD surged 17.9% and 17.6% respectively on potential market share gains, while Alibaba fell 14.1% on concerns over tighter US chip export scrutiny. Separately, crypto-linked Strategy dropped 13.6% after MSCI removed it from global benchmarks, with JPMorgan estimating potential outflows of $2.8 billion.


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