From WIRED · Kate Taylor · · 50s
Jensen Huang Resigns, Nvidia Loses $1 Trillion
Nvidia's CEO Jensen Huang resigned as the company lost over $1 trillion in market value within a month.
In brief
Nvidia's CEO Jensen Huang resigned as the company lost over $1 trillion in market value within a month. Nvidia's market value dropped more than $1 trillion after Jensen Huang resigned amid scandal. Originally reported by WIRED.
Jensen Huang Resigns
Nvidia's CEO Jensen Huang resigned from the company that had become synonymous with its chief executive.
Market Value Plummets
Nvidia's stock lost roughly $546 billion in market value within an hour of Huang's resignation.
Scandal Erodes Valuation
The scandal, including a reported second affair with an Nvidia employee, tanked Nvidia's valuation by more than $1 trillion.
Huang's Impact
Huang built Nvidia into a juggernaut and was the visionary behind the GPU that sustained the intelligence revolution.
The bottom line
Nvidia's market value dropped more than $1 trillion after Jensen Huang resigned amid scandal.
