Jensen Huang Steps Down and Nvidia Sell-Off Continues
The chipmaker said the revelations jolted its shares and raised doubts about its role in the artificial intelligence race with China.
- Nvidia CEO Jensen Huang resigned Thursday after revelations that the co-founder had at least two extramarital affairs, including one with a businesswoman intelligence officials suspect of spying for China.
- Reports emerged Wednesday that the 63-year-old Huang had an affair with a Nvidia colleague, days after revelations of a second affair with an executive, contradicting his public image as a devoted family man married to Lori Mills.
- Nvidia shares sank following the revelations, threatening a company valued at more than $4 trillion. Huang, dubbed the "Taylor Swift of tech," amassed an estimated personal fortune of $145bn.
- The alleged use of romantic relationships to gather intelligence, sometimes called a "honey trap," has complicated Huang's previous access to powerful leaders including President Donald Trump and China's President Jinping, who had backed him.
- Huang's departure leaves uncertainty in the global race for advanced technology, as Nvidia remains the linchpin for microchips powering companies like Microsoft, Amazon, and Google during a critical period.
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27 Articles
How Huang’s Resignation Could Hurt US AI
Former Nvidia CEO Jensen Huang had direct access to President Donald Trump and more influence over American AI policy than any other Silicon Valley executive. Bloomberg Opinion columnist Dave Lee explains the risks to the sector without its leather-jacketed champion. (Source: Bloomberg)
Nvidia: CEO Jensen Huang resigns as shares tumble after affair with alleged Chinese spy
If America wants to win the Artificial Intelligence race, its hopes are pinned on Nvidia. Until just last week it was the world’s most valuable company. Now the man who co-founded that firm has quit. Nvidia’s shares tumbled even before Jensen Huang announced his resignation. The 63 year-old had faced pressure over his affair with an alleged Chinese spy – and reports of another extra-marital affair with an employee proved the final straw. So what…
Nvidia sell-off continues after CEO Jensen Huang steps down
Shares of Nvidia, the chipmaker at the centre of the global artificial intelligence boom, tumbled Thursday with the sudden departure of CEO Jensen Huang following revelations of an affair with a woman reported to be a suspected Chinese spy.
The Bakersfield Californian
Jensen Huang steps down and Nvidia sell-off continues
Shares of Nvidia, the chipmaker at the center of the global artificial intelligence boom, tumbled Thursday with sudden departure of CEO Jensen Huang following revelations of an affair with a woman reported to be a suspected Chinese spy. The company’s…
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