Nvidia stock edges up after CEO Jensen Huang resigns amid affair reports
cnbc.com —
Nvidia stock rose slightly in premarket trading Friday after CEO Jensen Huang resigned Thursday amid reports of extramarital affairs. Shares had dropped sharply before closing over 4% lower the previous day. Huang resigned following a New York Times report of a relationship with vice president Kimberly Powell, adding to scrutiny from a board investigation into ties with a woman linked to Chinese intelligence. Reuters also reported another affair with an unnamed employee. Analysts warned Huang's departure could cost Nvidia up to 20% of its market value, with shares already down over 20% in the past month. Experts noted the AI industry's architecture depended heavily on Huang's vision and expertise.