Megaspeed Says It Will Cooperate With U.S. Probe Into Nvidia Links
- On Thursday, November 12, 2026, Nvidia CEO Jensen Huang resigned following a board investigation into his personal relationships and national security concerns. Chief Financial Officer Colette Kress was appointed interim CEO.
- The board probe followed reports that Huang had an extramarital affair with Alice Huang, a former Megaspeed executive whom U.S. intelligence officials reportedly suspect of funnelling information to Beijing.
- Nvidia shares fell about 10 percent in premarket trading Thursday; trading activity surged during the selloff, with cumulative perpetual futures volume reportedly exceeding $4 billion as investors reacted to the leadership change.
- Analyst Tristan Gerra of Baird downgraded Nvidia to Neutral, citing potential for a $5B write-down, while Dan Ives of Yorkville Ives warned the investigation could increase scrutiny of chip sales to China.
- Investors await Nvidia's quarterly earnings report scheduled for November 17, 2026, as market participants remain divided on whether the CEO's departure signals a cooling in sector-wide AI infrastructure spending.
294 Articles
294 Articles
American stock indices closed down at the conclusion of yesterday's Thursday dealings, influenced by the decline of Invidia's shares, despite the gains made by the energy sector's shares, with continued pressure on companies' shares associated with artificial intelligence.
Jensen Huang built chipmaker Nvidia; now it must find a way forward without him
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.
The day was marked by Nvidia again. Jensen Huang left the post of executive president (CEO) of Nvidia days after having come to public his extramarital relationship with Alice Huang, a Chinese entrepreneur who the American information services suspect to be at the service of China.
BT
Nvidia shares fell 4.3 percent on the New York Stock Exchange on the day CEO Jensen Huang resigned.
The Nasdaq Index - a combination of technological values - lost 0.39%, the expanded S&P 500 Index declined 0.35% and the Dow Jones dropped 0.36%.
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