Nvidia shares open down over 13% after chief executive Jensen Huang resigns
Nvidia shares opened down more than 13%, wiping over half a trillion dollars off its value, after CEO Jensen Huang resigned amid reports of an affair.
How it was covered
- BBC News was the only channel found covering it, concentrating on the share plunge, Huang's resignation and AI supply-chain implications.
- Channel 5, BBC One, BBC Two, Channel 4, ITV and Sky News: not found in tracked broadcasts.
The Full Story
A plain summary built from the channels that reported this story. Facts only one channel reported are attributed to it.
BBC News reported that Nvidia shares opened down more than 13%, wiping more than half a trillion dollars off the company's market value. The fall followed news that Jensen Huang had resigned as chief executive.
The broadcaster said the shares had plummeted after reports that Huang had a second affair with an executive within the company. It reported that Nvidia's chief financial officer, Colette Kress, will take over as interim CEO while a permanent replacement is found.
Chris McGuire, a senior fellow for China and emerging technologies at the Council on Foreign Relations, told BBC News that the situation had become untenable. He cited allegations of improper relationships with foreign intelligence services and with subordinates. McGuire, who oversaw US export controls in both the Biden White House and the Trump State Department, said it was possible the board knew more about what Nvidia knew about shipping chips to Chinese shell companies.
McGuire said he did not see the leadership change necessarily ending demand for AI chips. He said Nvidia's next-generation Rubin rollout was probably already going ahead and that other companies, including Google, also made strong chips. He added that investor confidence issues remained for the market to work through.
Key Claims
Claims reported during this story's coverage, grouped by how many channels reported each one. Select a dot to see the source excerpt.
| Claim |  |  |
|---|---|---|
| Reported by all 2 channels | ||
| Nvidia shares fell sharply amid the reports, with a more than 13% drop at the open, an 8.6% fall in overnight futures, a 15% decline since the weekend, and more than half a trillion dollars wiped from its market value. | Reported by Sky News | |
| The New York Times reported a second affair allegation involving Kimberly Powell, Nvidia's vice president for healthcare. | Reported by Sky News | |
| Only on one channel | ||
| Colette Kress, Nvidia's chief financial officer, was to serve as interim CEO while a permanent replacement was found. | Not reported by Sky News | |
Channel Perspectives
What each channel focused on, with key quotes.
BBC News led with the market impact of Jensen Huang's resignation, reporting a more than 13% opening fall and more than half a trillion dollars wiped off Nvidia's value. It then turned to analysis, interviewing Chris McGuire about the AI sector, US-China technology tensions and export controls. The tone was measured and explanatory, with the resignation treated as serious but not as a likely end to AI chip demand.
- “nvidia opened down more than 13 wiping more than half a trillion dollars off the firm's share market value”
- “Jensen Huang has resigned as chief executive”
- “it's not surprising i think that the board made clear or Jensen individually made the decision to step aside”
Broadcast Timeline
News broadcasts tracked for this story, in time order.