Live: ASX to fall as Nvidia shares tumble following CEO exit

Live: ASX to fall as Nvidia shares tumble following CEO exit

Australian shares are poised to open lower after Nvidia shares tumbled following CEO Jensen Huang's resignation. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

Good morning all and happy end of the work week! Lin Lin here to take you through the next few hours. Overnight, Nvidia CEO Jensen Huang has resigned following revelations of two alleged extramarital affairs, one involving a woman suspected by US intelligence of being a Chinese spy. This morning, Reuters has reported that Huang also had an intimate relationship with a second, unnamed Nvidia employee, citing two people familiar with the matter. Meanwhile, if you're waking up and having trouble with your Microsoft outlook, that's because a widespread global outage has hit its platforms. As of about 4:30am AEST, more than 120,000 users on outage tracker Downdetector reported problems accessing Outlook. It's only 7 am and it's already shaping up to be another busy day in the world of business and markets. I'll be back with more soon!

In brief

Good morning all and happy end of the work week! Overnight, Nvidia CEO Jensen Huang has resigned following revelations of two alleged extramarital affairs, one involving a woman suspected by US intelligence of being a Chinese spy. This morning, Reuters has reported that Huang also had an intimate relationship with a second, unnamed Nvidia employee, citing two people familiar with the matter.

This is the opening of the story, shared with credit to ABC News Australia. The rest of the report — with every detail — continues on the publisher’s website.

Continue reading at ABC News Australia ↗

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