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From Deccan Chronicle

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Nvidia Shares Tumble 13% After CEO Jensen Huang Resigns

Nvidia Shares Tumble 13% After CEO Jensen Huang Resigns

What's behind this

Nvidia’s shares fell about 13 % at the open after co‑founder Jensen Huang resigned as president, chief executive and board member with immediate effect. The board said Huang’s departure came amid a second affair allegation and a national‑security controversy involving a Chinese businesswoman, prompting a Chinese espionage controversy. CFO Colette Kress, who has been executive vice‑president and chief financial officer since September 2013, was named interim CEO while the board searches for a permanent replacement, considering both internal and external candidates. The stock decline has erased roughly $800 billion in market value this week.

AI-generated overview from 20 outlets. It summarises their reporting and adds no reporting of its own.

RSS excerpt

With the latest declines Nvidia has lost about $800 billion this week since the revelations shook the company

Coverage arrived over 84 hours. First from The Indian Express, latest from Deccan Chronicle.

High Corroboration 29 news outlets reporting

How this event was covered

First reported by The Indian Express at 02:21 UTC on 09 Nov.

Coverage ran for about 2 days.

Across 4 desks: business, india, tech, world.

All 29 newsrooms, and who owns them

Compare all reporting outlets (29)

  2. 21 hours later
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  13. The Economic Times Bennett, Coleman & Co.

    ‘Billionaires with wives of Chinese origin’: Jensen Huang’s scandalous life sparks viral social media lists. Who features?

    NVIDIA CEO Jensen Huang has come under fire following his confession of an extramarital affair with Kimberly Powell. This admission ignited discussions on social media about the patterns of billionaires forming relationships with women of Chinese descent. Renowned billionaires like Larry Ellison and…

    Compare on Varta → Read at The Economic Times ↗
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  23. The New Indian Express Express Publications (Madurai) Ltd.

    Nvidia CEO Jensen Huang resigns amid affair, China spy allegations; CFO Colette Kress named interim chief

    Jensen Huang resigned as Chief Executive Officer of Nvidia on Thursday, ending his 33-year run at the helm of the AI giant he co-founded in 1993, following revelations that he had two extramarital affairs, including one with a woman accused of spying for China. The company's board in a statement…

    Compare on Varta → Read at The New Indian Express ↗
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  45. Organiser Bharatiya Prakashan (RSS)

    Nvidia CEO Jensen Huang resigns amid Chinese espionage controversy; Colette Kress named interim chief

    WASHINGTON DC: US tech gaint Nvidia’s co-founder Jensen Huang has resigned as president and chief executive with immediate effect, following a board meeting on 12 November amid mounting controversy over his personal relationships and allegations involving a Chinese businesswoman suspected of having…

    Compare on Varta → Read at Organiser ↗
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  57. Deccan Chronicle Deccan Chronicle Holdings Current article

    Nvidia Shares Tumble 13% After CEO Jensen Huang Resigns

    With the latest declines Nvidia has lost about $800 billion this week since the revelations shook the company

    Read at Deccan Chronicle ↗

Who did not run this

29 newsrooms ran this event. 11 others published in India recently and did not.

See which 11 newsrooms
  • ANI ANI Media
  • Deccan Herald The Printers (Mysore) Pvt. Ltd.
  • Greater Kashmir GK Communications Pvt. Ltd.
  • India Today Living Media India
  • Kashmir Life Kashmir Life
  • Livemint HT Media Ltd.
  • NE Now NE Now
  • The Hans India
  • The Hindu Kasturi & Sons Ltd.
  • The Morung Express
  • The Tribune The Tribune Trust

Counted from the newest hundred stories in the section, not from every newsroom in India.

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