# Bitcoin plunges to $71k as Jensen Huang abruptly resigns sending Nvidia into $2 trillion wipeout

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20 outlets covering · First listed: CryptoSlate, Nov 12, 2026, 9:04 AM · Read it: <https://cryptoslate.com/bitcoin-plunges-to-71k-as-jensen-huang-abruptly-resigns-sending-nvidia-into-2-trillion-wipeout/>

Nvidia co-founder Jensen Huang resigned Thursday, sending the chipmaker's shares tumbling and intensifying a selloff across cryptocurrency markets. On Nov. 12, the company announced that Huang had stepped down as chief executive, president, and board member, effective immediately, ending his 33-year leadership of the artificial intelligence giant. Chief Financial Officer Colette Kress was appointed interim…

AI summary (may contain mistakes): Nvidia shares fell 14% after CEO Jensen Huang resigned amid controversies, according to Crypto Briefing. Reports alleged Huang had a third affair with another Nvidia employee, Reuters reported, and Huang has formally acknowledged one of three alleged affairs, Forbes said. Colette Kress is Nvidia’s new interim CEO, NBC News reported.

## Who's covering it

In the order they published:

- Nov 11, 2026, 11:43 AM: [Jensen Huang must go](<https://www.economist.com/leaders/2026/11/11/jensen-huang-must-go>) — The Economist (Magazine, United Kingdom, rated Center)
- Nov 11, 2026, 3:52 PM: [Republican Senator Calls on Nvidia CEO Jensen Huang to Resign](<https://gizmodo.com/republican-senator-calls-on-nvidia-ceo-jensen-huang-to-resign-2000838502>) — Gizmodo (Digital news, United States)
  The clock is ticking as members of the House Select Committee on China say they could subpoena Huang.
- Nov 11, 2026, 5:10 PM: [Nvidia CEO Jensen Huang has resigned](<https://arstechnica.com/gadgets/2026/11/ceo-jensen-huangs-job-is-suddenly-on-the-line-at-nvidia/>) — Ars Technica (Digital news, United States)
  Nvidia CEO also had an affair with a senior executive at the firm.
- Nov 12, 2026, 6:22 AM: [Nvidia Stock Tumbles After Jensen Huang Resigns as CEO](<https://www.nytimes.com/2026/11/12/business/nvidia-stock-price-jensen-huang-ceo-affair.html>) — New York Times (Newspaper, United States, rated Lean left)
  News that the chipmaker’s chief executive, Jensen Huang, resigned drove Nvidia’s stock down, though the broader market rose slightly.
- Nov 12, 2026, 7:51 AM: [Jensen Huang resigns as Nvidia chief executive](<https://www.ft.com/content/b4a0f3d9-f075-47ea-9a85-77cdade9a06f?syn-25a6b1a6=1>) — Financial Times (Newspaper, United Kingdom, rated Center)
  Shares in chipmaker slide after group says chief financial officer Colette Kress to take over as interim head
- Nov 12, 2026, 7:53 AM: [Jensen Huang, an architect of the AI boom, resigns as Nvidia CEO](<https://www.axios.com/2026/11/12/nvidia-jensen-huang-out>) — Axios (Digital news, United States, rated Center)
  Jensen Huang resigned as CEO of Nvidia after he reportedly had two affairs, including one with a purported Chinese spy. Why it matters: It's impossible to overstate how critical Huang is to Nvidia, to the AI buildout, to the stock market and economy. His departure could, per Wall Street sources, be the catalyst that endangers a ballooning AI bubble. This is breaking news.
- Nov 12, 2026, 7:56 AM: [Jensen Huang resigns as Nvidia CEO immediately](<https://www.reuters.com/live/nvidia-live-board-meets-fate-ceo-jensen-huang-after-affair-reports-2026-11-12/>) — Hacker News (Aggregator, United States)
- Nov 12, 2026, 7:59 AM: [Jensen Huang resigns as Nvidia CEO, exits board; shares plunge](<https://cointelegraph.com/news/jensen-huang-resigns-nvidia-ceo-board-member>) — Cointelegraph (Specialist)
  Colette Kress will remain Nvidia’s chief financial officer while serving as interim CEO as the board searches for a permanent successor.
- Nov 12, 2026, 8:00 AM: [Nvidia CEO Jensen Huang resigns amid affair scandals](<https://thehill.com/policy/technology/6214845-nvidia-ceo-jensen-huang-resigns/>) — The Hill (Newspaper, United States, rated Center)
  Nvidia CEO Jensen Huang will step down from his role at the AI chip giant following explosive reports of two extramarital affairs, one of which involved an alleged Chinese spy. The company announced Thursday morning that Huang was resigning immediately and Colette Kress, executive vice president and chief financial officer of Nvidia, will take over…
- Nov 12, 2026, 8:04 AM: [Jensen Huang Out At Nvidia After Affair Scandals](<https://www.forbes.com/sites/maryroeloffs/2026/11/12/jensen-huang-out-at-nvidia-after-affair-scandals/>) — Forbes (Magazine, United States, rated Center)
  The news comes after Nvidia shares plummeted more than 11% this week.
- Nov 12, 2026, 8:04 AM: [Jensen Huang is out as NVIDIA CEO](<https://www.engadget.com/2314584/jensen-huang-is-out-as-nvidia-ceo/>) — Engadget (Digital news, United States)
  He has held the position since the company's founding in 1993, but has recently been embroiled in an international scandal.
- Nov 12, 2026, 8:06 AM: [BREAKING News: Jensen Huang Resigns as Nvidia CEO (Report)](<https://cryptopotato.com/breaking-news-jensen-huang-resigns-as-nvidia-ceo-report/>) — CryptoPotato (Specialist)
  The reported resignation comes after claims that he had another affair with a women working at the company.
- Nov 12, 2026, 8:21 AM: [Jensen Huang resigns as Nvidia chief executive](<https://www.theregister.com/systems/2026/11/12/jensen-huang-resigns-as-nvidia-chief-executive/5309411>) — The Register (Digital news, United Kingdom)
  'Next week’s earnings call just became the most important in the company’s history'
- Nov 12, 2026, 9:01 AM: [Nvidia CEO Jensen Huang has resigned. What happens next?](<https://www.theverge.com/ai-artificial-intelligence/1030422/nvidia-jensen-huang-ai-china-alice-huang>) — The Verge (Digital news, United States)
  After the leather-jacketed CEO, president, and co-founder of Nvidia, Jensen Huang, acknowledged an affair with Megaspeed exec Alice Huang, his company initially announced an investigation. However, The New York Times reported on Wednesday that there was evidence of another affair, this time with an Nvidia executive who reported directly to him. A board meeting that
- Nov 12, 2026, 9:04 AM: [Bitcoin plunges to $71k as Jensen Huang abruptly resigns sending Nvidia into $2 trillion wipeout](<https://cryptoslate.com/bitcoin-plunges-to-71k-as-jensen-huang-abruptly-resigns-sending-nvidia-into-2-trillion-wipeout/>) — CryptoSlate (Specialist)
  Nvidia co-founder Jensen Huang resigned Thursday, sending the chipmaker's shares tumbling and intensifying a selloff across cryptocurrency markets. On Nov. 12, the company announced that Huang had stepped down as chief executive, president, and board member, effective immediately, ending his 33-year leadership of the artificial intelligence giant. Chief Financial Officer Colette Kress was appointed interim…
- Nov 12, 2026, 11:09 AM: [Jensen Huang resigns: A timeline of the Nvidia affair](<https://mashable.com/tech/jensen-huang-affairs-nvidia-resignation-timeline>) — Mashable (Digital news, United States)
  How did Jensen Huang's 33 years as Nvidia CEO come to an end? A timeline of the chip export investigation, the affair reports, and his resignation.
- Nov 12, 2026, 11:15 AM: [Jensen Huang Has Resigned. How Will Nvidia Replace Him?](<http://hbr.org/2026/11/jensen-huang-has-resigned-how-will-nvidia-replace-him>) — Harvard Business Review (Magazine, United States)
  Six HBR articles on what to do after a powerful founder steps down.
- Nov 12, 2026, 1:31 PM: [What we know after Jensen Huang resigns as Nvidia’s CEO](<https://news.google.com/rss/articles/CBMioAFBVV95cUxOMUxqUTE0WWZBT2xoV25SLUQ2dFgyWkhwZFZyRnk3d1Fibmtrb0d4T3otSXNpNmZiTVh0QUdkWTA4UmQ3cXQyVVM3ODc0V0g4YnVVbDJRYWF4VXlaXzMzZnJWNi1UR3YyZHJGbWNzaVFab2tiM3N2RjFIOUtWcnlJVWtMVnhQNmhJeTdPajNVUXZfU2NzWkw0aGJLVFMtaGY3?oc=5>) — AP (Wire service, United States, rated Center)
- Nov 12, 2026, 4:14 PM: [Nvidia’s Huang Resigns. Now What?](<https://news.google.com/rss/articles/CBMikwFBVV95cUxPY2VsQ1hYcGYtT2lfc2U0QTAxMGFIbnNZVzZwNWhkdmpZZ2RlSEZScmVkRVV2bUF3N1BwMmRkT3lMR2s0WURvV0tYOHAwUllBNWNqY1hlUWVtcl9ZNHpTa0JlV0V0ZmJkVEpLVlhZYmdUNGd2VG5Cc29Ib29Qd2toWjljQjY0VVZ4QTJRbkRqaEpSb2s?oc=5>) — CNN (TV network, United States, rated Lean left)
- Nov 12, 2026, 4:14 PM: [Jensen Huang Is Out. Will Nvidia’s Rivals Cash In?](<https://www.wired.com/story/uncanny-valley-podcast-jensen-huang-is-out-will-nvidias-rivals-cash-in/>) — Wired (Magazine, United States)
  In a special episode of “Uncanny Valley,” we break down Jensen Huang’s resignation from Nvidia, what comes next for the company, and where the AI industry goes from here.
