Nvidia CEO's exit may temper AI boom enthusiasm

Nvidia CEO Jensen Huang resigned Thursday following reports of extramarital affairs, including with a suspected Chinese spy, sending shockwaves through the tech industry and raising questions about the future of the AI boom he championed. Rival chipmakers like Broadcom, Intel, and AMD saw share gains as investors anticipated customers diversifying away from Nvidia, which dominates the market for AI-training chips. Analysts suggest this could turn a monopoly into a competitive race, potentially strengthening the broader industry. Huang was a key political advocate with access to Washington and Beijing, and his departure adds uncertainty to AI spending and financing deals. The fallout may also prompt stricter export controls and affect upcoming AI company IPOs.