Jensen Huang Resigns: Why Nvidia’s Crisis Could Spill Further Into Bitcoin

Jensen Huang officially stepped down as CEO and board member of Nvidia following days of escalating scrutiny over reported extramarital relationships and questions surrounding one of them that US officials suspected could involve Chinese intelligence. CFO Colette Kress will serve as interim chief executive while the company searches for a permanent replacement, ending Huang’s more than three-decade run at the helm of the firm he co-founded. Huang’s Exit and Nvidia The most obvious immediate risk is a more profound crisis of confidence around one of the world’s most important companies. Nvidia shares fell more than 10% in pre-market trading to $152 before rebounding to over $165 on Thursday after Huang’s resignation was announced.

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