Nvidia rebounds 2.3% premarket after CEO Huang resigns amid scandal

uk.investing.com —

Nvidia shares rose 2.3% in premarket trading Friday, recovering slightly after a 4% drop Thursday triggered by the resignation of CEO Jensen Huang amid a scandal involving extramarital affairs, including with an alleged Chinese spy and an employee. Finance chief Colette Kress has taken over as interim CEO, while an outside firm searches for a permanent successor. The turmoil has erased nearly $1 trillion in Nvidia's market value this month, with analysts noting dip-buying helped pare deeper losses. Huang co-founded Nvidia in the 1990s, building it into an AI chip giant. Investors question whether new leadership will maintain his strategies, including circular financing arrangements, amid broader concerns about AI spending sustainability. Rivals AMD and Broadcom rose Thursday on hopes of gaining market share.


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