Bitcoin plunges to $71k as Jensen Huang abruptly resigns sending Nvidia into $2 trillion wipeout

Nvidia co-founder Jensen Huang resigned Thursday, sending the chipmaker's shares tumbling and intensifying a selloff across cryptocurrency markets. On Nov. 12, the company announced that Huang had stepped down as chief executive, president, and board member, effective immediately, ending his 33-year leadership of the artificial intelligence giant. Chief Financial Officer Colette Kress was appointed interim CEO while Nvidia searches for a permanent replacement. Harvey Jones, a longtime director and former Synopsys executive, will serve as board chairman. However, the departure had followed reports of Huang's extramarital relationships, including one involving a woman suspected by US authorities of having Chinese intelligence connections . Nvidia's board had launched an independent investigation into the allegations, which remain unproven.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CryptoSlate.