Nvidia CEO's resignation casts shadow over AI boom

Nvidia CEO Jensen Huang resigned Thursday following reports of extramarital affairs, including with a suspected Chinese spy, sending shockwaves through the global tech industry and raising questions about the AI boom's momentum. Rival chipmakers like Broadcom, Intel, and AMD saw share gains as investors anticipated customers diversifying suppliers. Analysts suggest this could transform Nvidia's market dominance into a more competitive landscape, potentially strengthening the broader AI industry despite short-term uncertainty. Huang was a prominent AI evangelist with political influence, and his departure introduces uncertainty beyond Nvidia itself. The scandal also raises scrutiny on Nvidia's circular financing deals and may prompt stricter export controls, potentially benefiting Chinese competitor Huawei.