Nvidia approaches Arm CEO Rene Haas about succeeding Jensen Huang

Nvidia's board has approached Arm Holdings CEO Rene Haas as a potential successor to Jensen Huang, who stepped down Thursday amid revelations of extramarital affairs, including one involving a suspected Chinese spy, plunging the chipmaker into crisis. Haas is among several candidates being considered, with no guarantee he will be offered the role or accept it, according to the Financial Times. Arm declined to comment, while Nvidia did not respond to a Reuters request, and the report could not be independently verified. Following the news, Arm's US-listed shares pared losses to be down over 5%, while Nvidia's shares fell more than 3%. The leadership upheaval has sent shockwaves across the AI industry Huang helped bankroll.