Jensen Huang was a ‘China salesman’ for Nvidia. His exit is weighing on Chinese tech stocks.

Jensen Huang stepped down as Nvidia CEO on November 12 following revelations of extramarital affairs, including one involving a suspected Chinese spy. According to MarketWatch, Huang was an influential voice for selling chips to Chinese companies, and experts suggest investors are now preparing for further restrictions. The leadership change has caused shockwaves across the AI industry and impacted stock prices, with Nvidia shares falling over 3 per cent and Arm’s US-listed shares dropping more than 5 per cent, according to Dawn Business.

The Financial Times reported that Nvidia’s board has approached Arm Holdings CEO Rene Haas as a potential successor to Huang, though there is no guarantee he will be offered or accept the position. Haas previously spent seven years at Nvidia, serving as vice president and general manager of its computing products business. Nvidia finance chief Colette Kress is currently serving as interim CEO.

CNBC reports that advisors suggest investors consider their exposure, time horizon, and risk tolerance before reacting to the change.

Brief written by urgent.news from MarketWatch, Straits Times Business, Dawn Business, CNBC — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.