Jensen Huang Resigns: NVDA Crashes, Sending Shockwaves to The Crypto Market

Nvidia (NVDA) shares plunged nearly 10% as CEO Jensen Huang resigns, triggering a wave of selling across technology and crypto markets. Bitcoin also tumbled below $72,000 as investors pulled back from risk assets. Huang’s departure ends a 33-year leadership run at the company he co-founded in 1993. Nvidia’s board confirmed his immediate resignation as president, CEO, and board director minutes ago. The company appointed Chief Financial Officer Colette Kress as interim CEO while beginning its search for a permanent replacement. Harvey C. Jones, former Synopsys CEO, will become Nvidia’s first-ever board chairman. The leadership shake-up has rattled investors across multiple markets. Nvidia sits at the center of the artificial intelligence boom, making its sudden leadership change a major shock for technology stocks and crypto traders.

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