Israel’s Finance Ministry began examining how a downturn at Nvidia could affect the broader economy after the chipmaker became a major source of tax revenue and a significant contributor to economic growth, TheMarker reported. Nvidia announced Thursday that co-founder Jensen Huang had resigned as CEO following reports of an affair with Chinese businesswoman Alice Huang, whom US authorities suspected of spying for Beijing, according to Reuters. Beijing denied the allegation. Nvidia named Chief Financial Officer Colette Kress interim CEO. The company’s shares fell again Friday as the turmoil weighed on other AI stocks. Nvidia has lost more than $1.8 trillion in market value since its October 6 closing high, Reuters reported.
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