Nvidia stock plunges as CEO Jensen Huang resigns: How low it might go
Nvidia stock dipped sharply on the news of Jensen Huang's resignation, which followed reports he engaged in multiple affairs.
Nvidia's shares plummeted after CEO Jensen Huang announced his resignation amid allegations of two alleged affairs, one involving a Chinese intelligence official. The New York Times published a report alleging Huang had ties to a Chinese spy, causing Wall Street to react negatively to the news. Nvidia, a major player in the AI industry, had already lost over $450 billion in market value since Huang's affair was confirmed on November 8.
The company's stock had dropped by more than 27 percent in just five days. While the stock has seen some recovery as of publication, it remains at its lowest point in over a year. It is unclear how much lower the stock price will go, although the appointment of interim CEO Colette Kress may provide some stability.
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