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Nvidia shares plunge as CEO Huang resigns amid spy affair scandal
Nvidia CEO Jensen Huang has resigned, and the company is bringing longtime executive Colette Kress in as interim CEO, the Korea Times reports. The resignation follows a board meeting to decide his fate amid reports of two extramarital affairs, including one with a suspected Chinese spy, and an FBI investigation. Nvidia shares extended losses, putting the chip giant on track to shed more than $470 billion in market value over two sessions, and a shareholder has sued Nvidia and Huang, accusing them of deceiving investors. Korean shares also turned lower Thursday amid the escalating controversies, despite overnight Wall Street gains.
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