A scandal surrounding Nvidia founder and chief executive Jensen Huang has coincided with a sharp decline in the company’s shares and a major loss in his personal fortune. According to Forbes, Nvidia stock has fallen 11% since November 8 and 31% from its October peak. Huang’s wealth has reportedly dropped by $145 billion, removing him from the list of the world’s 10 richest people. Seven billionaires linked to the company are said to have lost nearly one-third of their combined wealth, while three of them no longer qualify as billionaires.
Key Takeaways: Nvidia shares have fallen 11% since November 8 and 31% from their October peak; Jensen Huang’s fortune has reportedly dropped by $145 billion; seven Nvidia-linked billionaires have lost nearly one-third of their combined wealth; CFO Colette Kress, former executive vice president Jay Puri and venture investor Brooke Seawell have lost billionaire status.
The controversy reportedly centers on claims that Huang was involved in a romantic relationship with a woman whom the US regime’s special services allegedly regard as a Chinese intelligence agent. He is said to have resigned on November 12. The allegations remain unverified, but they have reportedly weighed on investor confidence at a time when Nvidia is a central player in the global artificial intelligence chip market. The sell-off has intensified scrutiny of the company’s leadership and corporate governance.
The combined capital of six current and former Nvidia executives and board members reportedly fell by $5.6 billion to about $21 billion. Those said to have lost billionaire status include chief financial officer Colette Kress, former executive vice president for global operations Jay Puri, and venture investor and board member Brooke Seawell. The figures illustrate how the market reaction and leadership controversy have affected the financial positions of senior figures tied to the company.
Investors are expected to watch for official statements from Nvidia, any internal review, and the company’s strategy in the AI chip market. A recovery in the stock will likely depend on market trust, leadership decisions and competition across the global technology sector. For now, the situation remains unresolved and further developments are awaited.
Source: kun.uz