Nvidia's leadership vacuum after Huang scandal hits investors
Nvidia's stock has fallen 30 percent since October 6 following revelations that former CEO Jensen Huang had affairs with a suspected Chinese spy and company executive Kimberly Powell, leading to his resignation and a 5 percent drop on his final day. Huang's management style, with 60 direct reports and no clear successor, has left the company exposed, according to University of Michigan economist Justin Wolfers. Chief financial officer Colette Kress has been named interim CEO while the board searches for a permanent replacement. The scandal compounds broader concerns about AI investment sustainability, with Nvidia's central role in the industry affecting global markets, including Australian superannuation funds. Huang faces a congressional hearing on November 18 over his relationship with Alice Huang, suspected of funneling chips to China.