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Nvidia Loses Nearly $500 Billion in Market Value as Jensen Huang Resigns
Nvidia confirmed on 12 November that co-founder Jensen Huang had resigned as chief executive, president and a director, effective 11 November. The company appointed longtime finance chief Colette Kress as interim CEO while searching for a permanent successor. Nvidia shares closed 12 November at $166.19, down 4.3% on the session, after a much steeper intraday fall. CBS News estimated the chipmaker had shed nearly $500 billion in market value since the previous week's US market close. That valuation loss is an estimate tied to a particular comparison period, not a one-day closing loss.
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