Nvidia shares rose by 1.3% in premarket trading after a tumultuous day where the stock fell over 4% before recovering. Jensen Huang resigned as CEO after reports of at least two affairs, including one with Kimberly Powell, Nvidia's vice president of health care. His departure comes amid an ongoing investigation into another relationship linked to a businesswoman identified as a Chinese spy.
Analysts have warned that Huang's exit could potentially reduce Nvidia's market value by as much as 20%, given his pivotal role in the company's success and the broader AI industry's architecture. Nvidia's stock has already declined over 20% in the past month, reflecting investor concerns about the implications of Huang's resignation on the company's future