Category : Markets

The value of former Nvidia CEO Jensen Huang’s stock holdings in the tech company have plunged more than $20 billion this week. A September Securities and Exchange Commission filing showed Huang reporting beneficial ownership of approximately 811.5 million Nvidia shares, including about 70.1 million shares held directly and hundreds of......

The abrupt resignation of Jensen Huang as CEO of Nvidia Thursday following reports he engaged in multiple extramarital affairs leaves the AI giant facing an uncertain future, and a longtime company executive is stepping in as interim CEO. Huang co-founded Nvidia in 1993 and served as its CEO until his......

The resignation of Jensen Huang as CEO of Nvidia on Thursday roiled the company’s stock, as investors and analysts assessed the path forward for the AI giant. Huang, who co-founded Nvidia in 1993, resigned following reports of two extramarital affairs, including a relationship with a Chinese businesswoman whom U.S. authorities......

Nvidia is preparing to remove CEO Jensen Huang as the artificial intelligence giant faces questions about his leadership following reports of extramarital relationships, according to The Wall Street Journal. The report comes as The New York Times reported Wednesday that Huang had an extramarital relationship with Kimberly Powell, Nvidia’s vice......

Months before reports of the affair between Nvidia CEO Jensen Huang and alleged Chinese spy Alice Huang surfaced, a short seller noted the “uncomfortably close relationship” between the two. A report titled “NVIDIA (NVDA): The China Problem” was published by Culper Research in May 2026, and although it didn’t directly......

Anthropic, the artificial intelligence company behind the Claude chatbot, is seeking a valuation of up to $1.02 trillion in a blockbuster initial public offering, falling short of earlier expectations as Wall Street grows increasingly cautious about the enormous costs fueling the AI boom. The San Francisco-based company plans to raise......

Nvidia shares are lower on Monday after the company announced an internal investigation into CEO Jensen Huang’s relationship with an alleged Chinese spy. Shares of the chipmaker fell more than 5% in Monday trade, and were down nearly 6% around noon. The internal probe, which will be overseen by outside......

Tesla CEO Elon Musk said that the company is planning to end production of the Cybertruck at Gigafactory Texas around the middle of next year as it reallocates capacity to increase Cybercab production. Musk said late Thursday in a post on his X platform that “Tesla will be winding down......

AMC Entertainment said on an earnings call this week that it has finally recovered from the struggles it experienced in the years following the COVID-19 pandemic. The company struggled with the loss of cash flow due to the pandemic-related movie theater shutdowns, as well as a large debt burden and......

Asian stock markets plunged Friday as a massive Wall Street sell-off spread overseas, sending major indexes in Japan, South Korea and Taiwan sharply lower. Meanwhile, U.S. stock futures were mixed, with Nasdaq futures climbing approximately 1.3%, signaling a potential rebound for technology stocks following Thursday’s steep declines. Dow futures, however,......