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Huang Resigns as Nvidia CEO Amid Affair, Market Turmoil
Jensen Huang has resigned as Nvidia CEO after 33 years at the helm, amid an affair with a suspected Chinese spy and allegations of another extramarital relationship, KBS World and Business Korea report. The Wall Street Journal, cited by Korea Times, reported the board was preparing to oust him; Reuters sources said the board met late Wednesday to decide his future, and later revealed Huang had an intimate relationship with a second employee. Nvidia shed about $430 billion in market value over two sessions, with losses extending to more than $470 billion, Korea Times reports, and its forward P/E ratio fell to around 12 times, a 14-year low, according to Business Korea. U.S. President Donald Trump said former Apple CEO Tim Cook should replace Huang, Korea Times reports. Korean outlets frame the resignation as a blow to the AI industry, with Korea Times calling it a 'big blow to AI boom' and noting the chipmaker's future is clouded.
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