Varta
← Back to stories

From The Times of India

Owned by Bennett, Coleman & Co.

Nvidia shares fall 8% after hours as board reportedly weighs Jensen Huang's 'exit'

Nvidia shares fall 8% after hours as board reportedly weighs Jensen Huang's 'exit'

What's behind this

Nvidia co‑founder Jensen Huang has resigned as president, chief executive officer and board member with immediate effect, the board announced on Thursday, November 12. The 63‑year‑old, who is married, stepped down amid reports of an affair with a Chinese businesswoman suspected by U.S. authorities of spying for Beijing, a controversy also referred to as the ‘Alice Huang’ affair. Chief financial officer Colette Kress will serve as interim CEO while the company searches for a permanent replacement. The resignation deepens a crisis for Nvidia, which had no clear succession plan for Huang.

AI-generated overview from 9 outlets. It summarises their reporting and adds no reporting of its own.

RSS excerpt

Nvidia shares plummeted by 8% in after-hours trading following revelations about CEO Jensen Huang's alleged extramarital affairs, including a controversial link to a businesswoman associated with Chinese intelligence. The company's board is set to convene to deliberate on Huang's fate in light of…

Coverage arrived over 83 hours. First from The Indian Express, latest from The Siasat Daily.

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. 7 hours later
  4. 13 hours later
  6. 5 hours later
  8. 13 hours later
  10. 3 minutes later
  11. The Times of India Bennett, Coleman & Co. Current article

    Nvidia shares fall 8% after hours as board reportedly weighs Jensen Huang's 'exit'

    Nvidia shares plummeted by 8% in after-hours trading following revelations about CEO Jensen Huang's alleged extramarital affairs, including a controversial link to a businesswoman associated with Chinese intelligence. The company's board is set to convene to deliberate on Huang's fate in light of…

    Read at The Times of India ↗
  12. 3 hours later
  14. 55 minutes later
  16. 19 minutes later
  18. 8 minutes later
  20. 24 minutes later
  22. Moments later
  24. Moments later
  26. 1 hour later
  28. Moments later
  29. 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 ↗
  30. 1 hour later
  31. Organiser Bharatiya Prakashan (RSS)

    Chinese Espionage in Nvidia: US tech giant erases $600bn in two days as $7.5bn worth of advanced AI chips reach China

    US tech gaint Nvidia is facing mounting scrutiny over allegations that a network of companies linked to a Chinese businesswoman suspected of having connections to Beijing’s intelligence helped facilitate shipments of at least $7.5 billion worth of its advanced artificial intelligence chips to…

    Compare on Varta → Read at Organiser ↗
  32. 19 minutes later
  34. 3 hours later
  36. 35 minutes later
  37. The New Indian Express Express Publications (Madurai) Ltd.

    Scandal-hit Nvidia CEO Jensen Huang loses his shine in his birthplace Taiwan

    TAIPEI: Nvidia CEO Jensen Huang had been widely adored like a rock star in his birthplace, Taiwan. That image is now tainted after the FBI began an investigation into his affair with an alleged Chinese agent. Like the rest of the world, the island was shocked by the scandal over Huang's relationship…

    Compare on Varta → Read at The New Indian Express ↗
  38. 56 minutes later
  40. 3 minutes later
  42. Moments later
  44. Moments later
  46. Moments later
  48. 9 minutes later
  50. Moments later
  52. 2 minutes later
  53. The South First The South First

    Jensen Huang resigns as Nvidia CEO after reports of extramarital affairs; CFO named interim chief

    The resignation follows days after Huang, 63, admitted to an affair with Alice Huang, also known as Huang Le, a woman suspected by US intelligence agencies of working for China’s Ministry of State Security. The post Jensen Huang resigns as Nvidia CEO after reports of extramarital affairs; CFO named…

    Compare on Varta → Read at The South First ↗
  54. 1 minute later
  56. Moments later

Who did not run this

29 newsrooms ran this event. 7 others published in Business recently and did not.

See which 7 newsrooms
  • Livemint HT Media Ltd.
  • NDTV Adani Group (AMG Media)
  • The Economic Times Bennett, Coleman & Co.
  • The Hindu Kasturi & Sons Ltd.
  • The Indian Express Indian Express Group
  • The Times of India Bennett, Coleman & Co.
  • The Tribune The Tribune Trust

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

Read more news

See all latest stories →