Nvidia scandal: What’s next for the US tech company?

The departure of Nvidia CEO Jensen Huang, the 63-year-old cofounder and face of the chipmaking company which has become the backbone of the modern AI industry, has shaken the US’s Silicon Valley. Nvidia, valued at nearly $4 trillion, is a critical pillar of the US economy where AI and tech companies make up some 40 percent of stock market valuations. The furore over Huang’s extramarital affairs, including one with a suspected Chinese spy, has wiped hundreds of billions of dollars from the company’s market value, dragging down the S&P 500 and Nasdaq.

While CFO Colette Kress has temporarily stepped into the top job at Nvidia, the search for cofounder Huang’s successor continues. What happens next at one of the world’s most valuable companies will have repercussions far beyond Silicon Valley. So, what’s next for Nvidia?

The newspaper reported that the two were involved in an intimate relationship, later confirmed by the cofounder of the company in an internal memo.