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Nvidia stock falls nearly 15 percent after Huang resigns

The Hill ·

Nvidia stock took a sharp dive on Thursday, after longtime CEO Jensen Huang resigned amid reports he engaged in two extramarital affairs. The chipmaker’s stock fell to $148.80 per share after the opening bell, down 14.4 percent from closing on Wednesday. Nvidia stock later rebounded slightly, topping $162 per share, but it was down about…

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Jensen Huang has resigned as Nvidia CEO, and Colette Kress was named interim CEO, according to Blockchain.News. The Financial Times reported his departure followed revelations of extramarital affairs, while the BBC said US lawmakers want to question him over whether one alleged relationship was with a Chinese spy. The New York Times reported that President Trump had urged Huang to fight for his job before he resigned.

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  1. CNNNvidia’s Huang Resigns. Now What?
  2. Crypto BriefingNvidia stock downgraded as CEO Jensen Huang resigns, CFO Kress interim chiefLeadership uncertainty at Nvidia may impact investor confidence and market stability, affecting the company's strategic direction and valuation.
  3. APWhat we know after Jensen Huang resigns as Nvidia’s CEO
  4. MashableNvidia stock plunges as CEO Jensen Huang resigns: How low it might goNvidia stock dipped sharply on the news of Jensen Huang's resignation, which followed reports he engaged in multiple affairs.
  5. The HillNvidia stock falls nearly 15 percent after Huang resignsNvidia stock took a sharp dive on Thursday, after longtime CEO Jensen Huang resigned amid reports he engaged in two extramarital affairs. The chipmaker’s stock fell to $148.80 per share after the opening bell, down 14.4 percent from closing on Wednesday. Nvidia stock later rebounded slightly, topping $162 per share, but it was down about…
  6. NY PostNvidia’s stock slides 11% in opening trades after CEO Jensen Huang resigns over affairsNvidia shares plunged more than 11% in early trades on Thursday after CEO Jensen Huang resigned over an affair with an alleged Chinese spy and another report surfaced that he also had an affair with a subordinate. The tech-heavy Nasdaq-100 slipped 0.6% and S&P 500 gained 1.3%. Nvidia is down in total 17% in November and...
  7. NBC NewsNvidia stock falls after Huang resigns, weighing on broader marketStocks declined at the opening bell on news that Jensen Huang, one of the most important executives in the AI boom, resigned as CEO of Nvidia.
  8. EngadgetJensen Huang is out as NVIDIA CEOHe has held the position since the company's founding in 1993, but has recently been embroiled in an international scandal.
  9. Wired(subscription required)Jensen Huang Resigns as Nvidia CEONvidia’s cofounder and chief executive resigned on Thursday after the company opened an investigation into his affair with an alleged Chinese intelligence asset.
  10. Hacker NewsJensen Huang resigns as Nvidia CEO immediately
  11. New York Times(subscription required)Nvidia Stock Tumbles After Jensen Huang Resigns as CEONews that the chipmaker’s chief executive, Jensen Huang, resigned drove Nvidia’s stock down, though the broader market rose slightly.
  12. Financial Times(subscription required)Who could run Nvidia after Jensen Huang?Chip giant co-founder’s future as chief executive is uncertain following report of a second affair
  13. Ars TechnicaNvidia CEO Jensen Huang has resignedNvidia CEO also had an affair with a senior executive at the firm.
  14. The Economist(subscription required)Jensen Huang must resignAnd his should not be the only head to roll