The sudden resignation of Nvidia Chief Executive Officer Jensen Huang is sending ripples through global financial markets. Following the November 12 announcement, AI-related stocks were sold off across the board, accelerating the flight from risk assets. In the cryptocurrency market, total market capitalization fell by $215 billion in 48 hours, dropping below $2.4 trillion for the first time in three months. Gold also fell about 3% to $3,882.50 per troy ounce, entering its lowest range in about a year.

Nvidia announced on the 12th that Huang, who had led the company for 33 years since co-founding it in 1993, had stepped down as CEO and director effective immediately. Chief Financial Officer Colette Kress will serve as interim CEO until…