Nvidia CEO Jensen Huang Resigns, Shaking AI Industry and US-China Tech Race

Jensen Huang has resigned as CEO of Nvidia after 33 years, following allegations of a second affair with a subordinate, creating uncertainty for the global AI industry and US-China tech competition. The company faces a major leadership transition. The resignation was triggered by reports of an affair with Kimberly Powell, a vice president reporting directly to Huang, raising legal and ethical concerns. Nvidia's board has appointed CFO Colette Kress as interim CEO to minimize market disruption, though her ability to replace Huang's technical and political relationships is uncertain. Huang's departure could impact Nvidia's "circular finance" structure, where it invests in and provides financing to AI startups and data center customers. His exit also weakens industry opposition to US export controls on China, potentially affecting upcoming APEC negotiations.