Jensen Huang Basically Lit More Than $1 Trillion on Fire in Less Than a Month

Jensen Huang’s resignation from Nvidia was followed by the company’s shares losing about $546 billion in market value when trading opened. The article links the decline to weeks of scandal involving reported relationships with Nvidia employees and says Nvidia’s valuation has fallen by more than $1 trillion since the reports began.

The controversy began with a late October report about Huang’s relationship with Alice Huang, a former executive at chip buyer Megaspeed; Nvidia announced an investigation on 8 November after Huang acknowledged an affair. Nvidia supplies roughly 90 per cent of chips used to train leading AI models and has major investments in other technology companies, including nearly $30 billion in Intel and about $21 billion in SpaceX. AMD shares rose 28 per cent and Broadcom nearly 16 per cent over the five days cited.