Nvidia in turmoil: Stock plunges following CEO's resignation

Amidst the disclosure of personal scandals and the resignation of founder Jensen Huang, Nvidia's stock has suffered a sharp decline, erasing $1.7 trillion in market value.

Semiconductor giant Nvidia is in the midst of a severe management and business crisis, according to reports by the Financial Times and ynet. The company's stock has plummeted by 13% over the past week, marking its longest streak of losses since 2012, following the surprise resignation of founder and CEO Jensen Huang due to the disclosure of his involvement in personal scandals. Since the beginning of October, the company has lost approximately 30% of its value, with its market capitalization now falling below that of Apple.

While the company has begun the search for a new CEO, pressure is mounting in U.S. political and economic circles regarding the fallout, with calls for Huang's reinstatement. The first immediate test for his interim successor, Colette Kress, is expected on Tuesday with the release of the quarterly reports. Further details have not yet been released.