Nvidia affair: the action of the American tech giant plunges 13% after the resignation of its boss Jensen Huang
Weighed down by the fall of Nvidia, Wall Street opened down this Thursday. The Nasdaq index, with its strong technological coloring, lost 1.47%, and the S&P 500 0.9%. The Dow Jones was also slightly in the red (-0.03%).
Red Thursday for Nvidia. On November 12, the shares of the American chip giant plunged, a few dozen minutes after the announcement of the resignation of its emblematic manager and co-founder Jensen Huang. Shortly after the opening of Wall Street, Nvidia's price lost 13%, before recovering somewhat.
These troubles spread more widely to markets across the Atlantic: at the same time, the Nasdaq index, with its strong technological coloring, lost 1.47%, and the S&P 500 0.9%. The Dow Jones was also slightly in the red (-0.03%). These upheavals were caused by the announcement on Thursday of the resignation of Nvidia boss Jensen Huang.
This takes place “with immediate effect”, specifies Nvidia in a press release. The interim will be ensured by Colette Kress, currently financial director of the group. The 63-year-old businessman, born in Taiwan and co-founder of Nvidia in 1993, had been in the hot seat since the revelation in early November of an extramarital affair with a Chinese business leader, Alice Huang, suspected of being a spy for Beijing.
A relationship that Jensen Huang confirmed, apologizing to his family. On Wednesday, American media reported that the executive was involved in another extramarital affair, this time with a vice-president of Nvidia, Kimberly Powell, aged 48 and in charge of the group's health division.
Machine-translated from French
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- Le Figaro12 Nov, 15:55
| Publisher Le Figaro (established tier) | +76 |
| Checkable figures cited | +3 |
| Detailed summary | +2 |
| Total | 81 |
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