Nvidia CEO's affair costs company $200 billion in market value
Nvidia's market value fell by 1,900 billion kronor on Monday after revelations that CEO Jensen Huang had an affair with a suspected Chinese spy, prompting investigations by the FBI and the company itself. The scandal's magnitude stems from Nvidia's status as a pivotal global company, manufacturing advanced AI chips and financing other AI firms. The woman, Alice Huang, worked for Singapore-based Megaspeed, a major Nvidia customer, allegedly enabling China to access restricted chips. Huang, who has apologized to family and employees, faces potential shareholder lawsuits, though his central role and influence with President Trump may protect his position. The incident highlights risks of Silicon Valley's cult of personality, where powerful founders wield immense control over critical technologies.