KUALA LUMPUR, Nov 12 (Reuters) -- Global AI-linked stocks tumbled on Thursday as Nvidia Chief Executive Officer (CEO) Jensen Huang resigned following a deepening scandal around his affairs, upending the chipmaker's leadership and posing fresh risks to a sector already reeling with funding and regulatory concerns, Reuters reported.
Global AI Stocks Sink As Nvidia CEO's Exit Deepens Sector Concerns
Nvidia, AI, CEO, Jensen Huang, resign, scandal
Key takeaways
Global AI stocks fell as Nvidia's CEO resigned, causing uncertainty and losses in the sector.
- Nvidia's CEO Jensen Huang resigned amid a scandal, causing stock drops.
- Nvidia's shares fell 8.2% to a 16-month low, with market value below $4 trillion.
- Other AI-related companies also saw their stocks decline following the news.
Summarised automatically by AI from the original article by Bernama. AI can make mistakes, so check the original for details.
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Related reporting
6 stories on this topic from 4 sources, oldest first.
- Free Malaysia Today Asian stocks fragile, Nvidia plummets as board to decide CEO’s fate
- Hacker News Jensen Huang resigns as Nvidia CEO immediately
- Bernama Global AI Stocks Sink As Nvidia CEO's Exit Deepens Sector Concerns (this story)