The cracks in the day after Huang – and the talks that led to the resignation from Nvidia

A Bloomberg investigation reveals the final hours of Jensen Huang as CEO of Nvidia, following the exposure of affairs with employees and espionage allegations. Cloud giants began evaluating alternatives to Nvidia chips, while Secretary of State Marco Rubio escalated an intelligence memo against the suspected spy.

Jensen Huang's resignation as CEO of Nvidia exposed deep cracks in the chip industry. According to a Bloomberg investigation, Huang, who built the company over 33 years, appeared shattered in his final moments in the role, even calling himself a "piece of shit." The resignation came after the exposure of an affair with a senior subordinate employee, Kimberly Powell, as well as a relationship with Alice Huang, suspected of espionage for China. Immediately after his departure, cloud giants began evaluating price quotes for chips from competitors like Google and AMD. A senior executive at one company admitted that fear of Huang's revenge prevented supply chain diversification. Meanwhile, Secretary of State Marco Rubio escalated an intelligence memo on Alice Huang, accelerating political moves in Washington to restrict chip sales to China. Elon Musk warned that many of Huang's deals were based on handshakes and could be reopened. Nvidia's board appointed CFO Colette Kress as interim CEO.