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Huang Resigns as Nvidia CEO, Market Cap Plunges

Jensen Huang has resigned as Nvidia CEO after 33 years, amid reports of two extramarital affairs, including one with a suspected Chinese spy, and a shareholder lawsuit alleging investors were misled. The board had been preparing to oust him, and the resignation sent shares tumbling, with Nvidia shedding about $430 billion in market value over two sessions and its forward P/E falling to around 12 times, a 14-year low. President Donald Trump suggested former Apple CEO Tim Cook should replace Huang. In Korea, the KOSPI opened 2.05% higher, touching 5,500 as chip stocks rallied despite the shock, while Bitcoin fell below 100 million won, hitting its lowest level in nearly three months.

  1. Jensen Huang Resigns as Nvidia CEO, Ending 33-Year Leadership Business Korea · 2026-11-13
  2. Nvidia CEO Jensen Huang Resigns amid Affair Scandals KBS World · 2026-11-12
  3. Nvidia CEO Jensen Huang to step down in big blow to AI boom Korea Times · 2026-11-12
  4. Trump says ex Apple CEO Cook is 'a legend,' should replace Huang at Nvidia Korea Times · 2026-11-13
  5. Nvidia’s Forward P/E Hits 14-Year Low as Huang’s Exit Sends Shares Tumbling Business Korea · 2026-11-13
  6. Nvidia board meets to decide CEO Huang's future as leadership crisis deepens Korea Times · 2026-11-12
  7. Nvidia is preparing to oust CEO Jensen Huang, WSJ reports Korea Times · 2026-11-12
  8. [Opening Market] KOSPI Opens 2.05% Higher, Touching 5,500 As Chip Stocks Rally Business Korea · 2026-11-13
  9. Nvidia heads for $400 bil. 2-day wipeout as CEO affair fallout deepens Korea Times · 2026-11-11
  10. Nvidia faces deepening scrutiny over China chip ties, CEO affair Korea Times · 2026-11-11
  11. Bitcoin Breaks Below 100 Million Won as Nvidia Shock Deepens Selloff Business Korea · 2026-11-13
  12. Nvidia and Jensen Huang face shareholder lawsuit alleging investors were misled about spy affair Korea Times · 2026-11-11

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