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 Top, the former CEO was an influential voice for selling chips to Chinese companies, and experts suggest investors are now preparing for further restrictions. The exit has sent shockwaves across the AI industry, with Nvidia shares dropping over 3 per cent and Arm's US-listed shares falling 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. Haas previously spent seven years at Nvidia, serving as vice president and general manager of the computing products business before joining Arm in 2013. While Haas is among several candidates being considered, there is no guarantee he will accept the role or be offered the position. Nvidia finance chief Colette Kress is currently serving as interim CEO.

CNBC reports that advisors suggest investors should evaluate their risk tolerance, time horizon, and Nvidia exposure before reacting to the leadership transition.

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