A new chapter in the scandal
According to Reuters, Jensen Huang had an intimate relationship with a second Nvidia employee. The agency did not name the employee and said it was unable to reach them for comment. With this claim, the number of Huang's known extramarital affairs rises to at least three.
The road to resignation
Huang recently admitted that he had cheated on his wife with a Chinese businesswoman. The New York Times then reported that he had a relationship with Kimberly Powell, Nvidia's vice president of healthcare, which is strictly forbidden under the company's code of conduct. Nvidia soon announced that the executive who founded the company more than 30 years ago had parted ways with it.
Market and geopolitical fallout
Huang's exit sent Nvidia shares sharply lower. The company supplies the chips that have almost single-handedly propped up the AI industry. The scandal also raises questions in the US-China technology rivalry: a Commerce Department investigation into the Singapore-based data center company linked to the businesswoman Huang was involved with was abruptly shut down by the Justice Department last year.
Why it matters
Nvidia is the backbone of AI hardware. A crisis in the CEO's seat affects not only the company's governance but also the industry's supply and investment plans. Reuters' report suggests the file expected to close with the resignation may keep growing.
