Chinese shares lead Asia chip rally amid Jensen Huang turmoil

Ex-Nvidia CEO Jensen Huang resigned from the company after admitting to an affair, with allegations of a second affair emerging on Wednesday. There are reports of a potential third affair. CTO Colette Kress has taken over as interim CEO, and there are indications the company is looking for its next CEO, which has upset some Nvidia employees, according to a Wired report.

A longtime Nvidia engineer reportedly expressed concern to the company's internal suggestion box, urging the board to consider employee perspectives before deciding Huang's fate. The post, made prior to his resignation, gained over 1,600 comments, with the majority supportive of Huang. One comment read, "If you believe in the mission, bring back THE boss." Another said, "We are all humans and can make mistakes. Jensen did so many good things and he needs a second chance."

Not all employees agreed with the sentiment, though. One staff member emailed the entire company, stating, "I stand by Jensen. Not because I believe any person is infallible, but because I refuse to believe that standing for fairness must mean standing at a distance from someone whose leadership has meant so much to us." The email continued, "If America fails the man who helped build its future, then this world does not deserve Jensen Huang."

Jensen Huang's impact on Nvidia's success is undeniable. As co-founder, President, and CEO since 1993, he has played a crucial role in the company's growth. Despite a recent market cap dip, Nvidia remains a highly valuable company with a market cap of $4 trillion.

Huang is set to testify before Congress over an alleged affair linked to China, further impacting his standing as CEO. The investigation's outcome remains uncertain, but it's clear that Huang faces significant challenges. Potential successors include Nvidia staff like CTO Michael Kagan, as well as CEOs from AMD, Intel, or Arm. Even President Donald Trump has suggested Apple's Tim Cook should take over for Huang.