JENSEN HUANG'S ALLEGED AFFAIR WAS INTRODUCED BY THE WOMAN'S HUSBAND Chinese businessman Kang Wei reportedly introduced Nvidia ($NVDA) co-founder Jensen Huang to his wife, Alice Huang, with whom the former CEO later had an affair. According to the report, Kang allegedly knew about the relationship for two years while the couple expanded Megaspeed, a Singapore-based Nvidia cloud partner suspected of diverting restricted AI chips to China. US officials suspect Alice Huang was recruited by Chinese intelligence, an allegation Beijing denies. Singapore says it found insufficient evidence to charge her over Megaspeed and did not investigate her for espionage. The revelations deepen scrutiny of Nvidia's China exposure and Huang's business relationships.

Jensen Huang will have no role at Nvidia going forward. Huang resigned as Nvidia’s president, CEO and board member, effective immediately, the company said Thursday, ending his 33-year run at the chipmaker he co-founded in 1993. The board thanked him for his “immeasurable contributions” but gave no reason for his departure.

Jensen Huang and the Nvidia board just made a massive mistake. He should not have resigned. The board should have taken the time to conduct a thorough investigation, consult with shareholders, and carefully evaluate the long-term implications of this decision. There is no clear replacement for Jensen Huang, and we believe his departure will ultimately be a net negative for Nvidia, $NVDA, and its shareholders. This will go down as the most costly mistake of the AI Revolution.