Report says Jensen Huang has left Nvidia

Nvidia CEO Jensen Huang has left the company he co-founded 33 years ago, after reportedly being linked to two chip smuggling scandals and alleged to have had three extramarital affairs (one of the people involved was alleged to be a Chinese spy). He once led the first company to reach a $5 trillion market value; Nvidia accounts for about 6% of the S&P 500, and no succession plan was arranged, with about 60 employees reporting directly to him. The article reviews how he bet the company's entire gross margin on CUDA, which no one had asked for; in 2012, researchers at the University of Toronto trained AlexNet on Nvidia GPUs; in 2022, ChatGPT emerged on Nvidia hardware. Several analysts believe that in the short term this is a stock price shock rather than a business shock, with the product roadmap and manufacturing arrangements locked in through 2027, but a successor needs technical credibility, an operating model that does not depend on one individual, and a plan to protect CUDA; Peddie said no one inside the company is willing to take over and a candidate must be found externally.