The biggest winner from the downfall of Jensen Huang is China

Detailed summary

The downfall of Jensen Huang hands China a big win in the AI race.

How valuable is a CEO? Often, it's hard to say. Sometimes, though, a series of unusual events provides a crystal-clear answer. On Wednesday afternoon, the New York Times reported that Nvidia CEO Jensen Huang had an affair with a subordinate, following revelations earlier this week that he had a romantic relationship with a possible Chinese spy. Right after that, The Wall Street Journal reported that Nvidia's board was preparing to oust Huang. That one-two punch knocked Nvidia shares down about 8% in after-hours trading, wiping more than $300 billion off the company's market value. The Chinese spy allegations were already known days ago.

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