Nvidia CEO Jensen Huang has resigned. What happens next?

After the leather-jacketed CEO, president, and co-founder of Nvidia, Jensen Huang, acknowledged an affair with Megaspeed exec Alice Huang, his company initially announced an investigation. However, The New York Times reported on Wednesday that there was evidence of another affair, this time with an Nvidia executive who reported directly to him. A board meeting that night ended with Huang’s resignation , and Nvidia CFO Colette Kress was installed as the new interim CEO.

Recent reporting noted that since last year, US intelligence reports had identified Alice Huang (no relation) as not only the exec for an AI compute company renting access to Nvidia GPUs, but also a spy for China’s Ministry of State Security. The second report focused on Huang and Nvidia vice president of healthcare Kimberly Powell, claiming that a bystander who recorded the two being “affectionate” at the hotel hosting Nvidia’s GTC developer conference in May was met by Huang’s security workers and asked to sign a non-disclosure agreement.

In recent years, Nvidia has become a key part of the Trump administration’s AI push, a central figure in negotiations over potential Chinese access to cutting-edge AI hardware, and a company that has used its now $4 trillion-plus market cap to finance other AI companies, including the “neoclouds” like Coreweave who have been some of its biggest customers.

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