Jensen Huang officially stepped down as Nvidia’s chief executive and board member after days of escalating scrutiny over alleged extramarital relationships and a matter that US authorities suspected could involve Chinese intelligence. Chief financial officer Colette Kress will serve as interim CEO while the board searches for a permanent successor, ending Huang’s more than three-decade tenure. Nvidia shares fell more than 10% in pre-market trading before rebounding, raising concerns about the company’s highly centralized leadership and the future of its artificial-intelligence strategy. Another major sell-off in Nvidia could weigh on the Nasdaq and trigger a broader risk-reduction wave in Bitcoin, which has already lost $14,000 in ten days. Liquidations of leveraged cryptocurrency positions could amplify the decline, although Huang’s departure alone does not guarantee a new major Bitcoin crash.
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