Jensen Huang resigned as Nvidia’s chief executive after being accused of three extramarital affairs, including one with Alice Huang amid allegations that chips were funneled to China through Megaspeed. Chief financial officer Colette Kress will serve as interim CEO, while Harvey Jones, Nvidia’s first-ever board chair, is leading the search for a permanent successor. Nvidia shares fell 4% at the opening bell as investors faced fears of a broader confidence crisis across the AI industry. Jonathan Tower of Catapult said Anthropic’s valuation could decline by 10% to 15%, potentially approaching 20% if Nvidia’s $10 billion investment commitment came into doubt. Huang’s departure may also increase regulatory pressure and benefit rival chipmakers such as Google, Amazon, AMD and Broadcom.
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