Nvidia Stock Drops as CEO Jensen Huang Resigns Amid Scandal, Affecting Global Investors
The departure of the tech chief following personal allegations led to a $2.1 trillion market cap decline, impacting retirement accounts.
Nvidia chief executive officer Jensen Huang announced his resignation from his roles as CEO, president, and member of the board of directors. The decision follows reports detailing internal conduct inquiries and international corporate contacts.
Over the past six weeks, Nvidia shares fell 36%, erasing $2.1 trillion in market capitalization and dropping the stock to its lowest point since mid-2025.
According to reporting shared by Visegrád 24, the resignation followed disclosures regarding a relationship with Alice Huang, a former top executive at Singapore-based Megaspeed. United States intelligence agencies suspect her of ties to Chinese intelligence.
