Nvidia CEO's resignation shakes AI industry and global tech markets

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 shares rise as investors anticipated customers diversifying suppliers, potentially ending Nvidia's near-monopoly. Analysts suggest this could strengthen the broader AI industry, though Nvidia's losses may exceed competitors' gains. Huang was a key AI evangelist and political advocate with access to Washington and Beijing, and his departure creates uncertainty beyond Nvidia. The scandal also scrutinizes Nvidia's "circular financing" deals and may prompt tighter export controls, benefiting Chinese chipmaker Huawei.