NVIDIA SHARES TUMBLE 13% AFTER CEO HUANG RESIGNS

Nvidia Shares Drop 13% Following Reported Huang Resignation

Nvidia shares fell 13 per cent in early trading on Thursday following reports that chief executive Jensen Huang had resigned.

His reported departure followed revelations of an affair with a woman accused of spying for China. The espionage accusation remains an allegation.

The latest decline brought Nvidia’s reported loss in market value this week to about $800 billion.

The turmoil has put the chipmaker under pressure at a time when its products play a central role in the expansion of artificial intelligence infrastructure.