Billionaire Tech CEO’s Shocking Public Apology Ignites Social Media Storm—What He Said Next Stuns Everyone
Nvidia shares plunged as investors confronted another blow to the AI industry
On Monday, November 9, Nvidia’s shares plunged by more than 7% shortly after Wall Street opened, briefly erasing approximately $330 billion from the chipmaker’s market valuation.
The stock subsequently recovered some of those losses but remained down roughly 5% to 6% during the session.
For shareholders, many of whom are regular workers saving for retirement, the timing could hardly have been worse.
The company had already suffered substantial losses amid growing fears that the extraordinary investment flowing into artificial intelligence infrastructure could prove unsustainable.
On November 5, Nvidia shares fell approximately 9.3% during a brutal market-wide sell-off that sent the technology-heavy Nasdaq down 5.5%.
The possibility that an investigation could threaten his position has therefore become a concern for shareholders.
“There is clearly a risk that Jensen could be removed as CEO depending on the Board investigation,” technology analyst Dan Ives told Reuters on November 8.
“This is a black eye moment for Jensen,” Ives added.
In his public statement, Huang acknowledged that the consequences of his actions extended beyond his family.
“To my colleagues at NVIDIA, including those I have worked alongside for decades, and to our board, partners, and shareholders around the world: you deserve better from me,” he wrote.
“Coldplay kiss cam vol. 2.” Readers took to social media to criticize Huang for his affair
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