Jensen Huang ousted from Nvidia after affair scandal

Huang's exit lands in the middle of a political storm. Republican committee chairs have already called him to testify about security ramifications, and Democrats are set to take over key committees when the new Congress convenes in January. Huang had flaunted his ties to President Trump, including a $25 million Nvidia donation to Trump's ballroom project, which several Democratic lawmakers have vowed to investigate. Beyond the politics, Huang was using his influence to push the industry in specific directions. He organized a letter of support for open-weight models in July, rallied over 100 companies behind Nvidia's Open Agent Safety Platform, and convinced PC makers to build a new line of AI PCs due out this holiday season. He also crafted financial engineering to fund data centers, including $750 billion in circular deals as of July and a $105 billion backstop for an OpenAI data center in Ohio. Wall Street is now concerned Nvidia's stock could crash and take portfolios with it, especially with roughly half of this year's $80 billion in data center bonds rated high-risk junk. Nvidia is in its post-founder-mode era and hunting for a new CEO, and it is doubtful the company has the cache to push the industry the way Huang was.