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Jensen Huang built the company that powers AI. Now Nvidia must find a way forward without him
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Source: Cortez Journal
Nvidia CEO Jensen Huang resigned Thursday, capping a spectacular downfall for a poster boy of the artificial intelligence boom whose exit following reports of extramarital affairs now thrusts the chipmaker into an uncertain future. After a dizzying series of headlines about Huang’s infidelity and ties to an alleged Chinese spy, his departure sets off a scramble to find a permanent replacement to lead the multitrillion-dollar colossus that grew from obscurity to a perch between Apple and Microsoft at the top of the S&P index. The resignation sent shares of Nvidia plummeting 14% at the opening bell, before stabilizing. The stock closed down about 4% Thursday as investors pondered the lawsuits, investigations, likely corporate jockeying and the resilience of a market driven by the gains of a few tech giants.
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