5 sources covering
Micron stock drops 5% amid Nvidia CEO resignation fallout
Nvidia's leadership turmoil highlights vulnerabilities in tech sectors, potentially prompting regulatory scrutiny and strategic shifts industry-wide.
AI Insight
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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Who's covering it
First reported by CNBC at · 5 outlets in all
- PBS NewsHourWhat we know after Jensen Huang's resignation as Nvidia's CEONvidia announced Huang's resignation on Thursday, effective immediately. The California-based company said that Colette Kress — who has been Nvidia's chief financial officer and executive vice president since 2013 — will step into the role of interim CEO.
- Crypto BriefingMicron stock drops 5% amid Nvidia CEO resignation falloutNvidia's leadership turmoil highlights vulnerabilities in tech sectors, potentially prompting regulatory scrutiny and strategic shifts industry-wide.
- Fortune(subscription required)Jensen Huang’s net worth drops $10 billion as Nvidia stock slides in the fallout of affair scandals with company exec and alleged spyJensen Huang is no longer one of the top 10 richest billionaires in the world, tumbling down past Walmart heirs Jim Walton, Rob Walton, and Alice Walton.
- 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.
- CNBCNvidia stock closes down over 4% after CEO Jensen Huang announces resignationChief Financial Officer Colette Kress will serve as interim CEO until a new leader is appointed.