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Nvidia sheds nearly $600B
Nvidia shares fell more than 14% in early trading, as the company lost nearly $600 billion in market value over the course of a week following the resignation of its founder and CEO, Jensen Huang. The resignation came after reports of alleged personal relationships, one of which raised suspicions about links to Chinese intelligence and possible access to information about advanced chips. The company said it had no evidence that its secrets had been compromised or national security put at risk. CFO Colette Kress took over as interim CEO while the company continues its investigation and searches for a permanent successor to Huang, who led it for 33 years.
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