Jensen Huang resigned as Nvidia’s president, chief executive and board member after 33 years following reports of three extramarital affairs. One involved Alice Huang, a Megaspeed executive and major Nvidia customer in Southeast Asia whom U.S. intelligence officials reportedly suspected of gathering information for Beijing. Chief financial officer Colette Kress was named interim chief executive, while the board reportedly approached Arm chief executive Rene Haas as a possible successor. Nvidia’s stock fell more than 14% at the opening before closing down about 4.6%, and more than 1,600 employee comments called for Huang’s return. The crisis comes before Nvidia’s scheduled earnings on Nov. 17 and raises concerns for the cryptocurrency market because of the company’s central role in artificial intelligence data centers.
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