Jensen Huang has resigned as Nvidia chief executive, ending his 33-year tenure. The departure follows revelations of two extramarital affairs, including one with Alice Huang, an executive at Megaspeed, an Nvidia customer based in Singapore. US intelligence officials reportedly believe Alice Huang has links to Chinese intelligence.
Business ties between Alice Huang and Hong Kong, stretching back two decades, have been uncovered. These include a directorship at a company sharing an address with a Russian-linked robotics firm sanctioned by Washington. Beijing has dismissed the espionage allegations as “baseless,” and Nvidia previously stated it had no reason to believe company secrets or US national security were compromised.
The scandal intensified with reports of a second affair involving Kimberly Powell, Nvidia’s vice president of healthcare, who reported directly to Huang. His departure leaves the company facing a leadership vacuum just days before its quarterly earnings report on 17 November.
Kathleen Brooks, research director at XTB, warned that Huang’s departure could fundamentally alter the AI investment boom, noting the absence of a single figure like Huang to inspire confidence during volatile periods. Chris Beauchamp, chief market analyst at IG, commented that while Nvidia is now larger than one individual, this was not the anticipated manner of a leadership transition.