💼 Have you seen what's happening with Nvidia's stock?
On November 12, Nvidia CEO Jensen Huang stepped down as CEO and from the board of directors after 33 years at the helm. CFO Colette Kress was appointed interim CEO, and Harvey C. Jones became the first chairman of the board in the company's history. The reason was the revelation of an affair with Megaspeed top manager Alice Huang and a New York Times publication about an affair with Nvidia Vice President Kimberly Powell. NVDA fell by 11.33%, and the market capitalization dropped below $4 trillion for the first time since 2025.
🌍 Nvidia has no successor or succession plan, and a new CEO is being sought through external recruitment. There are suspicions of circumventing US export restrictions on AI chips; the 10-Q filing shows $2.7 billion (15% of quarterly revenue) routed through Singapore.
👤 Watch the successor and the November 17 report: they will determine Nvidia's valuation. Rumors that the scandal was orchestrated by Anthropic have not been confirmed by anyone — this is a meme, not news.
Source 1: https://www.cnbc.com/2026/11/12/nvidia-nvda-jensen-huang-second-affair.html