Nvidia shares fell sharply by 13 per cent at the start of trading on Thursday following the resignation of Chief Executive Jensen Huang, whose departure came amid a growing scandal over an alleged affair with a woman accused of having links to Chinese espionage.
The latest sell off has dealt another major blow to the chipmaker, wiping out about $800 billion in market value this week as the controversy continues to unsettle investors.
Nvidia has been at the centre of the global artificial intelligence boom, with its advanced chips powering the massive expansion of AI infrastructure expected to generate trillions of dollars in investment.
However, Huang’s sudden exit has raised fresh concerns about the company’s leadership and prospects at a critical time for the technology industry.
