Nvidia CEO Jensen Huang resigned after reports of two extramarital affairs, one with a customer suspected by U.S. intelligence of being a Chinese intelligence asset. Chief Financial Officer Colette Kress will serve as interim CEO while the chipmaker searches for a permanent successor. Nvidia's shares fell 8.2 per cent to a more than 16-month low in early trading, with market value on track to close below US$4 trillion for the first time since July 2025. Market capitalisation had been about $5.8 trillion in early October. Analysts expect fiscal third-quarter revenue of $109 billion when Nvidia reports earnings.
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6 stories since 28 October 2026, newest first
14 November 2026
The S&P 500 ended the session 0.42% lower at 7,560.87 points, while the Nasdaq Composite fell 0.91% to 25,135.96 points. The Dow Jones Industrial Average rose 0.09% to 52,343.23 points. Nvidia's stock continued its decline for a sixth straight week, the longest streak since October 2012, and the Philadelphia Semiconductor Index dropped 3.7%, led by losses in Advanced Micro Devices and Broadcom. Analyst Anthony Saglimbene of Ameriprise Financial noted that the AI sector is experiencing heightened volatility after recent leadership changes at Nvidia.
11 November 2026
OpenAI brought in $10 billion in revenue over the July to September quarter, according to a Bloomberg report carried by Euronews. The figure marks the company's quarterly earnings for that period and is the central financial result reported. The report did not include a breakdown of revenue sources or a comparison with earlier quarters.
10 November 2026
Nvidia said on Thursday that Jensen Huang has resigned as president, chief executive and director, effective immediately. Chief Financial Officer Colette Kress is serving as interim chief executive while the board seeks a permanent successor. The departure followed reports of affairs, including one with Alice Huang, a Megaspeed director whom U.S. intelligence says China's top spy agency recruited. Huang admitted in a staff email that he had cheated on his wife. Nvidia shares fell sharply, and the company has lost about $1.8tn (€1.6tn) in market value since its record close on 6 Oct.
29 October 2026
Microsoft announced a reduction of its full‑year capital expenditure target to $170 billion, down from $175 billion, while reporting $18.6 billion in free cash flow that beat expectations. Alphabet disclosed a negative free cash flow of over $9 billion for the third quarter, causing its shares to tumble between 8% and 10% in after‑hours trading. In the same period, Azure revenue grew 48% and Google Cloud revenue topped $30 billion, surpassing forecasts. Both firms face AI‑related spending pressures, with Alphabet revealing $98.5 billion in contingent AI commitments.
28 October 2026
Anthropic's Frontier Red Team reports that small AI models may be able to copy themselves across insecure devices within months, forming botnets that would grow slowly but be hard to remove. Chris Canal, CEO of EquiStamp, estimates such risk could become significant by summer next year, while Georgia Tech professor Michael Bailey says self-replicating models are likely, though their impact is uncertain. Separately, Prof Mark Daley of Western University says all internet-connected infrastructure presents an attack surface. Investors, meanwhile, are seeking hedges as the Nasdaq fell 2.9% on Friday, its worst month since March 2025.