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Nvidia Tumbles as its CEO Jensen Huang Departs Amid Multiplying Scandals

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Plus, competitors AMD and Broadcom advance and yields rise.

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Jensen Huang has stepped down as Nvidia CEO, with Colette Kress named interim CEO. His departure followed reports of a romantic relationship with businesswoman Alice Huang, whom US authorities suspect of spying for China; CNN reported that US officials disagree on whether intelligence collected so far proves it. Senate Banking Committee Chairman Tim Scott has asked Huang and Commerce Secretary Howard Lutnick to testify.

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First reported by NY Post at · 24 outlets in all

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  1. Financial Times(subscription required)The downfall of Jensen HuangAfter 33 years building Nvidia into the world’s most valuable company, its founder’s career disintegrated in less than two weeks
  2. The Hill5 takeaways from Nvidia’s Jensen Huang scandalCorporate America is in the midst of its most dramatic scandal in years. Jensen Huang, the CEO and co-founder of Nvidia, resigned Thursday after admitting to one extramarital affair, with a woman suspected of being a Chinese agent, and amid new reporting of a second affair, this time with an Nvidia colleague. The vast company…
  3. 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.
  4. Wired(subscription required)Jensen Huang Is Out. Will Nvidia’s Rivals Cash In?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.
  5. Wall Street Journal(subscription required)Nvidia Tumbles as its CEO Jensen Huang Departs Amid Multiplying ScandalsPlus, competitors AMD and Broadcom advance and yields rise.
  6. ABC NewsTimeline of the stunning fall of Nvidia CEO Jensen HuangWhile the depths of the scandal have yet to be disclosed, here is a timeline indicating who knew what and when about Jensen Huang's affair with an alleged Chinese spy.
  7. APWhat we know after Jensen Huang resigns as Nvidia CEO
  8. Fast CompanyJensen Huang has argued execs need less supervision. Then a scandal made him step down as Nvidia CEO
  9. The VergeThe Jensen Huang scandal is hardly overI was certain, until the story of Jensen Huang's second affair hit, that Huang was bulletproof. After all, why wouldn't he be? He's placed himself indispensably at the center of the AI industry and famously had no succession plan at Nvidia. In fact, he's the only CEO Nvidia has ever had. L'état c'est moi. Then
  10. ForbesJensen Huang Ousted: Timeline Of The Nvidia ScandalThe billionaire’s net worth has taken a dive over the course of a tumultuous week that ended with his resignation.
  11. MashableJensen Huang officially resigns as Nvidia CEOJensen Huang resigned as Nvidia CEO and left its board effective immediately. CFO Colette Kress will serve as interim CEO.
  12. TechCrunchThe unfolding Jensen Huang scandal: a timelineJensen Huang has resigned from Nvidia following an affair, which could have ramifications for national security as the U.S. and China race to develop the most advanced AI infrastructure.
  13. NPRNvidia CEO Jensen Huang steps down amid alleged spy scandalHuang co-founded the chipmaker Nvidia, which has become one of the driving forces behind the AI boom. But reports that he may have had an affair with an alleged Chinese spy quickly sank his career.
  14. CryptoPotatoBREAKING News: Jensen Huang Resigns as Nvidia CEO (Report)The reported resignation comes after claims that he had another affair with a women working at the company.
  15. 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.
  16. CBS NewsNvidia CEO Jensen Huang resigns in wake of affair, spy scandalNvidia CEO Jensen Huang has resigned effective immediately, the company's board of directors announced Thursday.
  17. Hacker NewsNvidia CEO Jensen Huang resigns after reports of second affair deepened scandal
  18. NY PostJensen Huang quits as Nvidia CEO in wake of Chinese ‘spy’ scandal and second alleged affairJensen Huang resigned as Nvidia CEO Thursday after the chipmaking giant was left reeling over the revelations that he allegedly had affairs with a suspected Chinese honeypot as well as a company executive.
  19. Al JazeeraNvidia CEO Jensen Huang resigns amid spy scandal and market lossTech giant's market value drops below $4 trillion after Huang steps down following espionage and affair allegations.
  20. 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.
  21. Business Insider(subscription required)Jensen Huang on Nvidia succession weeks before scandal hit: 'Just as I can be fired, the next CEO has to be hired'Before Nvidia's succession crisis, Jensen Huang said its next CEO should come from inside the company and earn the role.
  22. The Atlantic(subscription required)The Scandal Is Bigger Than Jensen HuangNo business executive should have so much political power that they can’t be held to account.
  23. Ars TechnicaNvidia CEO Jensen Huang has resignedNvidia CEO also had an affair with a senior executive at the firm.
  24. CNNNvidia CEO Jensen Huang resigns after mounting scandal upends US tech giant | CNN Business