SITUATION EXPLAINED: Was Jensen Huang pushed out of NVIDIA the way China sidelined Jack Ma?
• Jensen resigned as NVIDIA CEO on Nov 12 as the board prepared to oust him
• A US government memo reportedly flagged Alice Huang, an exec at NVIDIA customer Megaspeed, as a Chinese intelligence asset
• No evidence has been made public and China calls the claim groundless
• Jensen hasn't been charged, and Trump says Jensen told him he had "absolutely no idea" she was a spy
• If the spy claim doesn't hold up, Jensen's exit looks a lot like Jack Ma's fall in 2020, when Beijing reined in China's richest man after he publicly criticized its financial regulators
• Ma's Ant Group IPO was set to be the world's biggest at $34.5B and was halted 2 days before listing
• Ma is still involved at Alibaba and was back shaking Xi's hand in Feb 2025
@theojaffee: "Although Jack Ma is no longer the CEO of Alibaba, he is still involved in a large capacity, which Jensen is not. Jensen was pushed out of the company entirely."