Jensen Huang's implosion at Nvidia leaves trail of collateral damage
Also reported by Al Jazeera, Guardian Tech
Summary
Jensen Huang has left Nvidia amid reports of alleged affairs, prompting an FBI probe and an independent investigation ordered by the company’s board. Nvidia shares have fallen sharply, and the company named CFO Colette Kress interim CEO while it searches for a permanent successor.Key Facts
- Nvidia’s board is conducting a global search for a permanent CEO, considering both internal and outside candidates.
- The FBI and an independent board-ordered investigation are examining the allegations, including whether Nvidia gave favorable treatment to Megaspeed.
- Huang is expected to testify behind closed doors before a congressional committee next week.
- Nvidia shares were down 5.7% shortly before 3 p.m. Thursday and had fallen 27% over the previous month.
- The reported market-value loss exceeded $600 billion, with another estimate putting the decline at about $1 trillion.
- President Donald Trump suggested former Apple CEO Tim Cook as a possible successor.
- Nvidia’s next earnings report is scheduled for Tuesday, and Anthropic is expected to hold an initial public offering on Thursday.
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