Nvidia Scandal Could Erase $1.2 Trillion in Market Value

Republican Senator Kevin Cramer has called for Nvidia CEO Jensen Huang's resignation over his alleged affair with a suspected Chinese intelligence agent, citing national security risks. The scandal could cost the company up to $1.2 trillion in market value. Cramer, a Senate Banking Committee member, said the potential for blackmail is too great given Nvidia's sensitive AI chip technology. Former White House economic adviser Larry Kudlow also urged Huang to step down, while Nvidia's board has launched an independent investigation into the allegations. Huang, a close Trump ally, admitted to an extramarital relationship with Alice Huang, suspected of helping smuggle chips to China. Analysts estimate his departure could trigger a 25-30% stock decline, erasing $1-1.2 trillion in capitalization.