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

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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.