Jensen Huang steps down as CEO of Nvidia as suspected Chinese spy reportedly returns to Beijing
The Chinese government has denied that the ex-CEO's mistress, Alice Huang, was a spy, calling the allegations "purely unsubstantiated and directed at smearing China.”
Nvidia's CEO, Jensen Huang, has resigned from his roles as president, CEO, and board member, effective immediately on Thursday. This decision follows reports that he had an affair with a Chinese businesswoman, suspected by US authorities of spying for Beijing. Huang's departure has left the $4 trillion company in a state of uncertainty and poses a threat to the AI ecosystem he helped establish by reinvesting Nvidia's profits into cloud providers, suppliers, and research centers.
The news has unsettled investor confidence in AI stocks, which have already been volatile due to soaring cash burn and rising debt at other tech giants. Huang's ties to US President Donald Trump, who praised him for his contributions to the country, may influence US chip export policies. The identity of Alice Huang, the woman at the center of the scandal, remains largely unclear, but she began her career as a journalist at state broadcasters Hunan TV and CCTV before transitioning into finance.
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