Nvidia CEO Jensen Huang steps down after affair revelations, rattling stocks

Nvidia chief executive Jensen Huang resigned Thursday after reports of two extramarital affairs, one with an employee and another with a woman U.S. intelligence believes was a Chinese spy. Colette Kress, the chief financial officer, was named interim CEO, and the company has not named a successor to Huang, who led the chipmaker since its 1993 founding. Nvidia shares initially plunged more than 13% before paring losses, weighing on Nasdaq 100 futures and Wall Street. The company, valued at $4.2 trillion, was central to a planned $500 billion AI financing drive, and analysts question whether a successor can carry that strategy forward.

Right-leaning Daily Mail and Newsmax lead with the market fallout. Daily Mail warns of a hidden $1.48 trillion margin-debt bubble that could spark a broader crash, citing an eToro analyst, and mentions the resignation only in passing. Newsmax, in a brief item, stresses an 8% Nvidia plunge dragging Wall Street lower and threatening the AI boom, without mentioning the affairs. Left-leaning The New York Times, in a column, frames the story as a board decision, asking whether Huang should be removed or move to chief technology officer, and features voices such as Elon Musk and Palmer Luckey. Alternative-leaning Reuters and CNBC report the drop and the $500 billion financing plan, with CNBC focusing on the resignation itself. The sides agree on the leadership upheaval and the sell-off but differ on figures, 8% versus 13%, and on whether Huang's exit is settled.