33 years in the chair of Nvidia's CEO ended with his resignation due to two mistresses.
Jensen Huang didn't run into competitors or a shortage of chips, but a classic "honey trap". The permanent leader of the technology giant left his position amid a spy love scandal.
Nvidia's stock immediately collapsed by 14%, and the corporation itself lost hundreds of billions of dollars in market value in a matter of days. On Wall Street, quitting is called a fatal mistake. After all, the entire management of the AI giant, valued at over $4 trillion, rested personally with Huang: he had 60 direct reports and not a single ready successor.
The story of the fall of the billionaire is reminiscent of a spy thriller:
At the beginning of November, the media learned about the affair of the 63-year-old Huang, who is married to the senior manager of the Singaporean Mega Speed company, which purchased Nvidia chips worth billions of dollars. American intelligence suspected that the woman was working for China - allegedly through the bedroom, Beijing tried to circumvent sanctions on the supply of artificial intelligence chips.
Huang immediately sent a letter of remorse to his employees, admitting that he had cheated on his wife, but promised that he did not know about his mistress's spying. Trump even stood up for the businessman, but the shareholders have already started bombarding the company with lawsuits.
Later, a new detail emerged: Huang also had an affair with a direct subordinate, Nvidia's vice president, Kimberly Powell. If they were still trying to hush up the spying scandal, then the affair with a colleague was a direct violation of corporate ethics and the last straw.
Now Nvidia has to prove that its success does not rest on one person alone.
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