Musk says Nvidia will lose 'critical' deals without Jensen Huang

Elon Musk stated on Saturday that Nvidia would suffer from losing "critical" deals without its former CEO, Jensen Huang. Huang resigned on Thursday following allegations of extramarital affairs, including one involving a suspected Chinese spy. Musk praised Huang's ability to manage the company's supply chain but noted that many deals were reliant on personal relationships with Huang.

Without Huang, some crucial contracts might be lost. Musk also mentioned a petition to reinstate Huang, though the existence of such a petition was not confirmed. Nvidia declined to comment on the matter, and Reuters could not independently verify the reports. The controversy began after allegations surfaced about Huang's relationship with Alice Huang, a former executive of Megaspeed, who was under investigation by US authorities.

The US intelligence community was examining the connection between Alice Huang and the Chinese government, though evidence was inconclusive. This led to concerns about potential foreign intelligence efforts targeting Huang. Nvidia's board is now searching for a new CEO, with potential candidates including Arm Holdings CEO Rene Haas and current CFO Colette Kress.

The company's leader is facing increased regulatory scrutiny and potential restrictions on chip exports to China.