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Nvidia Shares Plunge Over 10% As Jensen Huang's Exit Triggers Selloff

Huang's resignation and the continued downturn of the firm's stock follows the reports of his affiar withAlice Huang.

Nvidia Shares Plunge Over 10% As Jensen Huang's Exit Triggers Selloff
Nvidia named CFO Colette Kress as the interim CEO.
Photo Source: Envato

Shares of Nvidia plunged 10.14% in pre-market trade to $ 156.11 in pre-market trade on Thursday, amid the announcement of chief executive officer (CEO) Jensen Huang's resignation. The AI chip company named chief financial officer Colette Kress as the interim CEO.

Huang's resignation and the continued downturn of the firm's stock follows the reports of his affiar with Alice Huang, an alleged to be a spy for the Chinese government as per US authorities, with Jensen Huang confirming the infidelity.

(This is a developing story.) 

Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay

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