Bitcoin plunges to $71k as Jensen Huang abruptly resigns sending Nvidia into $2 trillion wipeout

Nvidia co-founder Jensen Huang resigned Thursday, sending the chipmaker's shares tumbling and intensifying a selloff across cryptocurrency markets. On Nov. 12, the company announced that Huang had stepped down as chief executive, president, and board member, effective immediately, ending his 33-year leadership of the artificial intelligence giant. Chief Financial Officer Colette Kress was appointed interim… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Key Takeaways
- Nvidia co-founder Jensen Huang resigned Thursday, sending the chipmaker's shares tumbling and intensifying a selloff across cryptocurrency markets.
- 12, the company announced that Huang had stepped down as chief executive, president, and board member, effective immediately, ending his 33-year leadership of the artificial intelligence giant.
- Chief Financial Officer Colette Kress was appointed interim… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in AI x Crypto

Tether Just Built an AI That Knows When to Say ‘I Can’t Do That’
Tether has released an open-weight, 800-million-parameter artificial intelligence (AI) assistant designed to run locally on smartphones and personal computers. Outperforming Larger Rival Models Stablecoin issuer Tether has released a new artificial…
Cointelegraph's CEO is Leaving Crypto Media for the AI Industry
After almost five years at Cointelegraph, Yana Prikhodchenko says she learned to tell the difference between a technology people use and a story the industry wants to believe. That experience helped persuade the former CEO to leave crypto media for artificial…
Bitcoin Bottom or Deeper Correction? The Data Points Both Ways
Bitcoin (BTC) price has slid 8.55% over the past week, trading at $73,752, per BeInCrypto Markets. An AI stock sell-off and rising rate-hike bets hit risk assets, and crypto has yet to recover. The slide has also set off a run of bearish signals across the…