Nvidia's 700,000% return faces succession test after Huang's China spy affair

Nvidia CEO Jensen Huang faces renewed scrutiny over leadership succession after admitting to an affair with a woman suspected of spying for China, raising questions about the company's future without its founder. The 63-year-old has led the chipmaker for 33 years, delivering a stock return exceeding 700,000%. Huang manages Nvidia with about 60 direct reports, personally overseeing major decisions and employee compensation. The board is investigating the affair allegations, while a shareholder lawsuit filed Monday accuses Huang of misleading investors. Nvidia dominates the AI chip market, with revenue expected to exceed $400 billion this fiscal year. No successor has been publicly identified among Nvidia's senior executives, and Huang has said he hopes the next CEO emerges from within the company. He has stated he does not expect a transition for another 20 years, while investors and analysts note the difficulty of replacing a founder whose vision is closely tied to the company's identity.