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CNBC · Technology·Indexed by this site · Originally publishedSelectedAttention90

Jensen Huang resigns as Nvidia CEO; Trump calls the turmoil "terrible" and "sad"

Trump calls Huang saga a 'horrible thing' and 'so sad to see'

AI summary

Nvidia announced that CEO Jensen Huang has resigned, with CFO Colette Kress serving as interim CEO while the board searches for a permanent successor. Jensen Huang apologized for an extramarital affair with Alice Huang, who previously worked at Chinese company and Nvidia customer Megaspeed and is regarded by the US intelligence community as a Chinese spy; The New York Times also reported another extramarital affair with Kimberly Powell, the company's vice president of healthcare. After the announcement, Nvidia's stock plunged more than 13% at the open, with market value evaporating 2 trillion dollars from its peak in early October, while AMD has risen nearly 17% since Monday. Trump posted suggesting Apple CEO Tim Cook take over; three House committees have called on Jensen Huang to testify, and Foreign Affairs Committee Chairman Mast said he is willing to testify as early as next week. Nvidia also agreed to buy 10 billion dollars of Anthropic stock immediately after its IPO, and its roughly 400 billion dollars in obligations to other companies has also drawn attention to "circular financing" risks.

Why it was selected

Beyond the resignation news, the material also summarizes the knock-on effects of the stock plunge, congressional testimony and Nvidia's investment arrangements in Anthropic and others.

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