World · 8 hours ago
Nvidia shares fall 8.2% after boss Jensen Huang resigns
Coolcaesar via Wikimedia Commons (CC BY-SA 4.0)
Nvidia's market value has fallen by over $550 billion since Sunday, when its board revealed it was probing Huang's connection to a businesswoman, Alice Huang, who is suspected of being a Chinese spy. Chief Financial Officer Colette Kress takes over as interim boss while Nvidia looks for a permanent successor. Rivals AMD and Broadcom rose 3.7% and 5.6%, while Europe's tech stocks fell about 1%.
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