Jensen Huang leaves Nvidia after confirming an affair; the company loses nearly two trillion in market value
Jensen Huang, co-founder and top executive of Nvidia, has left the company after confirming a marital infidelity, according to EL PAÍS. The departure comes weeks after the chipmaker hit its all-time stock market high on October 6, with a market capitalization close to six trillion dollars. Since then, the company has lost nearly two trillion in market value. Colette Kress, previously chief financial officer, has been named interim chief executive and will face investors at the November 17 earnings call.
In 40 seconds
- Huang confirmed a marital infidelity and left the company; outlets cited by EL PAÍS mention a romance with an alleged Chinese spy and another with executive Kimberly Powell.
- Nvidia hit its all-time stock market high on October 6, with a market capitalization close to six trillion dollars.
- The company has lost nearly two trillion in market capitalization in barely a month.
Read the full story at EL PAÍS
IASummary generated by artificial intelligence from a story by EL PAÍS. It may contain errors: the original source prevails.
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