Jensen Huang’s resignation as Nvidia CEO ‘reverberates through the global economy’
Detailed summary
US President Donald Trump reckons he knows exactly who should replace Jensen Huang as Nvidia CEO. Meanwhile, as Chris Bowen tries to negotiate at COP31, there's some news about fuel prices back home.
Shares in tech giant Nvidia initially dropped 13% on Thursday, before recovering, after it was announced Jensen Huang had resigned as CEO.
Huang’s resignation comes days after he admitted to having an affair and the company said it was opening an investigation into claims he “had been the target of a foreign intelligence effort”.
According to The New York Times, US intelligence officials believed Chinese businesswoman Alice Huang, who had a close relationship with Huang, was a spy for Beijing.
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