Nvidia announces Jensen Huang resigns as CEO, scandal far from over

Nvidia announced on Thursday morning that Jensen Huang has resigned as CEO, after successive media reports of allegations of an extramarital affair with subordinate Kimberly Powell and of the board considering removing him. The Verge columnist Elizabeth Lopatto argues the affair is merely a pretext, and that the real cause is last week's reports that Jensen Huang was enticed in a "honeypot" by suspected Chinese spy and Megaspeed executive Alice Huang, along with chip smuggling allegations. Short seller Culper Research says that in Nvidia's fiscal 2026, more than 20% of compute revenue is still driven by China, relying on illegal GPU transshipment and Southeast Asian intermediaries; Megaspeed is Nvidia's largest Southeast Asian buyer, and its Singapore office was reported to have long been unstaffed. Another indictment alleges that three people including a Super Micro co-founder procured 2.5 billion US dollars of Nvidia chips for Alibaba through a Thai front company.