Jensen Huang resigned as Nvidia CEO days after admitting to an affair following scrutiny of his relationship with a woman reportedly deemed a Chinese spy.
Bessent points to Lutnick’s Commerce as he slams Nvidia chip ‘leakage’ to China
Source: CNBC
Original reporting
CNBC: read the full reportFollow this story
Earlier reports and follow-ups on the same developing story.
Related stories
CNBC4 outlets
Nvidia stock tries to recover from Jensen Huang resignation sell-off
It's the end of an era for Nvidia , as its founder and longtime CEO, Jensen Huang, has resigned effective immediately. The face of one of the largest companies in the US and the growing AI boom, Huang's retirement comes after news broke of his two extramarital affairs, one of which was with a suspected Chinese spy. Nvidia has appointed its Chief Financial Officer, Colette Kress, to serve as interim CEO and Harvey C. Jones as Chair of the Board, but Huang's departure will leave a void that won't be easily filled, as he was heavily involved in Nvidia's day-to-day operations. The news is also expected to complicate things for Nvidia's stock price, as it has been in decline for over a month. The internet is already having a field day with Huang's departure, with hot takes and memes dominating the discourse right now. Huang's days of pulling on his signature leather jacket and hitting the sta
The Guardian
Microsoft outage live: millions still affected as disruption stretches beyond 18 hours
Microsoft reports it is “continuing to see improvements in service availability”, after millions of customers around the world suffered disruption Tell us: have you been affected by the Microsoft outage? Microsoft struggles to fix huge outage affecting Outlook and Teams What happened and when will it be fixed? There are plenty of essential services that remain unaffected by the outage, which is largely impacting email systems. The Australian Medical Association said it has so far not received any reports that hospitals or clinics are impacted. Impact is largely restricted to the sending and receiving of email. Western Australia, along with jurisdictions around the world, is being impacted by a global Microsoft outage. We are receiving updates from the Commonwealth who are working with Microsoft at the most senior levels to resolve. Microsoft are prioritising life, safety and Government s
CNBC
Cisco beats on earnings, says AI infrastructure revenue will double this fiscal year
Cisco is trying to become a bigger player in AI after missing out on the early years of the boom.
CNBC
‘We will sue them’: Canada threatens Stellantis as Trump trade war reshapes Jeep production plans
The dispute comes after Stellantis scrapped planned Jeep Compass production in Brampton and shifted future output to Illinois amid U.S. auto tariffs.
CNBC
Microsoft says email queues 'approaching normal levels' as Outlook issues persist
A Microsoft outage on Thursday and Friday affected users of services like Outlook, Teams and 365.
CNBC
Jim Cramer's top 10 things to watch in the stock market Friday
Stock futures picked up some steam this morning.