After a scandal broke over an affair with a female spy, artificial intelligence chip maker Nvidia (Huida also translated as Nvidia) CEOJen-Hsun Huang (Jensen Huang) announced his resignation from the posts of CEO, Chairman and Board of Directors on the morning of the 12th. This news came out before the stock market opened. Huida’s stock fell more than 13% in pre-market trading. Within 5 minutes of the opening, the share price immediately fell between 11% and 13%, from the closing price of 173.73 yuan on the 11th to about 151.33 to 154.55 yuan.
After Huang Renxun resigned from Huida, which was founded 33 years ago, Chief Financial Officer Colette Cress became interim CEO.
CNN reported and analyzed on the 12th that since HUDA stock is one of the heaviest component stocks in the S&P 500 Index (S&P 500) and other major indices, stock price fluctuations will affect retirement funds around the world.
