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Nvidia shares plunge as Huang exit looms
Nvidia shares are plunging as CEO Jensen Huang faces ouster amid a widening scandal. The board is reportedly preparing to remove Huang, who has led the company for 33 years, after an internal investigation into his affair with an alleged Chinese spy (Business Korea, Korea Times). Shares are on track to shed more than $470 billion in market value over two sessions, with Nvidia losing about $430 billion in that period (Korea Times). A shareholder has also sued Nvidia and Huang, accusing them of deceiving investors over the affair (Korea Times). Seoul shares turned lower Thursday, snapping a two-day rally, amid the escalating Nvidia risks (Korea Times, Yonhap). Korean media report that Huang had a relationship with a second employee, following two other extramarital affairs, and that his image in Taiwan is now tainted after the FBI began an investigation (Korea Times).
- Nvidia CEO Jensen Huang to step down in big blow to AI boom
- Seoul shares turn lower amid Nvidia controversies despite Wall Street rally
- Nvidia and Jensen Huang face shareholder lawsuit alleging investors were misled about spy affair
- Scandal-hit Jensen Huang loses his shine in his birthplace Taiwan
- Nvidia Board Reportedly Preparing to Oust Huang
- Nvidia heads for $400 bil. 2-day wipeout as CEO affair fallout deepens
- Nvidia board meets to decide CEO Huang's future as leadership crisis deepens
- Former Nvidia CEO Huang had a relationship with a second employee, sources say
- (URGENT) Seoul shares snap 2-day rally amid escalating Nvidia risks
- Nvidia faces deepening scrutiny over China chip ties, CEO affair
