Nvidia’s board has hired an outside firm to search for a successor to Jensen Huang and is considering naming an interim chief executive during the process. Huang’s potential departure follows reports of a second affair with company vice president Kimberly Powell and an imminent congressional investigation into chip exports, Singapore sales, and Megaspeed’s alleged smuggling and espionage activities on behalf of China. Senators Elizabeth Warren and Chris Coons have asked the Trump administration to preserve all documents related to Nvidia and Huang. The disclosures sent Nvidia shares down 5.54 percent, with the company losing roughly $450 billion in market value since Huang admitted to the affair, while investors have responded by rotating between technology and non-technology stocks.
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