Nvidia CEO Jensen Huang resigns, stocks plunge

The company's CEO and co-founder, Jensen Huang, has resigned, effective immediately. Huang has been wrapped up in a scandal over allegations he had an affair with a woman who was a Chinese agent. The New York Times also reported yesterday that Huang also had an affair with an NVIDIA executive who reported to him. We have obviously seen NVIDIA's shares drop significantly in the last few days. There's been a slight rebound, though, compared to pre-market trading. NVIDIA's shares are down just about 6% already. So yes, obviously still in. the red, but if we take a look at the NASDAQ, Wall Street's tech. Stock index. We're seeing futures drag down. It's pressuring the broader technology sector. But I was mentioning this rebound maybe because of news of an interim CEO. Chief Financial Officer Colette Kress will take over as NVIDIA's interim CEO as the company looks for a permanent successor. She's been at NVIDIA since 2013. In a statement, she said, we will continue advancing the work that has made NVIDIA a leader in accelerated computing and AI And I execute on the... opportunities ahead. Our focus remains on serving our customers, partners, developers, and shareholders. Interesting timing for the change at the top as she will be reporting NVIDIA's third quarter financial results next Tuesday.