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Out as CEO, but not out of Nvidia: Jensen Huang’s family trusts still hold about 800 million shares as NVDA stock crashes 13%
Jensen Huang's Nvidia stake: Jensen Huang is out as Nvidia CEO, but his family’s financial ties to the chipmaker remain strong. Trusts co-owned by Huang and his wife hold about 800 million Nvidia shares, worth billions of dollars. His sudden exit has sent NVDA stock down 13%. Its stock was already heading for a sixth straight weekly decline as investors questioned AI spending and the company's growth outlook.
South Korea says Nvidia will keep GPU pledges after Huang's resignation
The Minister of Science and ICT of South Korea has confirmed that Nvidia will supply 260,000 GPUs as part of a commitment made during last year's APEC meetings. Despite Jensen Huang's resignation, Minister Bae Kyung-hoon emphasized that the deal remains in place. This partnership aims to leverage joint efforts in AI chips, infrastructure enhancement, and talent cultivation, reinforcing advancements in artificial intelligence across the region.
Nvidia PE falls to 14-year low, but CEO exit and AI worries cloud the bargain
By one of Wall Street's favorite metrics, Nvidia shares look like a bargain. Following a steep drop from its October 6 record high, Nvidia's stock is trading at the equivalent of 12 times expected earnings.
Two weeks after the US restricted Nvidia’s China chips, a four-month-old Shanghai firm became a ‘preferred partner’ - here’s why the timing matters
A Shanghai company secured Nvidia's Preferred Cloud Partner status just four months after its founding and two weeks after the US expanded chip export restrictions on China. An investigation by The Information has since linked its ownership to Alice Huang's family and examined its place in a wider network handling billions of dollars in Nvidia GPUs.
Before Nvidia, Kimberly Powell was an engineering intern in radiology tech; How she built an 18-year career in AI healthcare, now in the spotlight after Jensen Huang report
Kimberly Powell did not begin her career in AI drug discovery. She started as an engineering intern, working with radiologists and medical imaging technology. That experience eventually brought her to Nvidia, where she spent 18 years building its healthcare business. Now, a report about her alleged relationship with Jensen Huang has put her in the headlines. But how did she go from working in radiology to becoming one of Nvidia's senior executives?
From medical imaging to AI drug discovery: The 18-year Nvidia career of Kimberly Powell, now in the spotlight after Jensen Huang relationship report
Kimberly Powell joined Nvidia in 2008 to promote its chips for medical imaging. She became vice president of healthcare in 2017 and now oversees technology for medical imaging, life sciences and drug discovery. A New York Times report alleging an intimate relationship with CEO Jensen Huang has shifted attention to her long career and their workplace relationship.
Investors worry the AI trade needs Nvidia's Huang and its largesse
Nvidia's shares fell 8% following concerns about CEO Jensen Huang's leadership amidst personal controversies. Investors fear his potential ouster may impact the company's support for AI developments and market strategies. Chipmakers across Asia also experienced declines due to funding risks and demand outlook fears. Despite uncertainties, analysts believe Nvidia's core technology will remain central to AI market growth.
Investors worry the AI trade needs Nvidia's Jensen Huang and its largesse
Investors worry that a change in leadership at Nvidia might affect the company’s support for the AI market. Reports of CEO Jensen Huang’s extramarital affairs have led to speculation about his future. As Nvidia’s board deliberates over Huang's fate, the market reacts with cautious sentiment.
Why is Nvidia so powerful in the AI world, and what could Jensen Huang's scandal really cost?
Nvidia's CEO Jensen Huang has recently admitted to an extramarital affair, and the woman involved, Alice Huang, has been accused of being a Chinese spy. The company's share price tumbled after the affair was revealed and is reportedly under criminal investigation. The industry is known for its circular financing schemes, with investors already fretting over whether AI investments can ever return profits.
Kimberly Powell: What to know about the Nvidia executive and her reported extramarital affair with Jensen Huang who also had a fling with alleged Chinese spy Alice Huang
In a surprising turn of events, Nvidia's CEO Jensen Huang has publicly acknowledged his infidelity after four decades of marriage. This revelation comes amidst reports of a past relationship with Kimberly Powell, an Nvidia executive, as well as troubling allegations involving Alice Huang, a Chinese businesswoman with suspected ties to Chinese intelligence.
Who is Kimberly Powell? Nvidia vice president who had extramarital affair with CEO Jensen Huang allegedly
Kimberly Powell, Nvidia's vice president of healthcare, has been named in a New York Times report alleging that CEO Jensen Huang had an extramarital relationship with her. Powell joined Nvidia in 2008 and now leads its worldwide healthcare business, covering AI, medical imaging, life sciences and drug discovery.
Anthropic IPO: Why are Nvidia, Google, Microsoft and AMD investing billions in their own AI competitor? What Big Tech stands to gain from the Claude maker
Anthropic IPO: Anthropic is set to receive a significant $26 billion investment through its upcoming IPO from several technology companies. Major contributors include Google, Nvidia, and AMD, each seeking commercial advantages. This financial backing will support Anthropic's expansion and operational needs, including increased computing infrastructure. The participating companies aim to benefit from Anthropic's growth while addressing their own strategic interests in the AI market.
How China gets the Nvidia chips it needs to develop AI
Nvidia's dominance in the global AI chip market has come under scrutiny as US export restrictions fail to fully prevent China from accessing advanced processors. Chinese firms are reportedly obtaining Nvidia chips through smuggling and overseas data centres, while domestic players such as Huawei race to develop competitive alternatives.
Beyond Nvidia: Alice Huang’s reported ties to Gigabyte’s leaders and a data-centre business serving Alibaba
China's alleged spying operation targeting Nvidia CEO Jensen Huang goes beyond one executive. A New York Times investigation links Alice Huang, reportedly recruited by China's top intelligence agency, to Gigabyte's leadership and a Singapore-based data-centre company serving Alibaba. The operation allegedly aimed to gather information on Nvidia's advanced AI chips and influence their exports to China.
NSE rolls out direct-to-chip liquid cooling to scale AI computing capabilities; plans to scale GPU capacity beyond 80 this quarter
The NSE has deployed Direct-to-Chip Liquid Cooling technology at its on-premises data centre to support expanding AI infrastructure. The exchange plans to scale its GPU capacity to more than 80 units this quarter, with the cooling system designed to accommodate up to 224 GPUs across high-density racks.
South Korea says Nvidia issues won't affect contracted GPU supplies
Vice Minister of Science and ICT Ryu Jemyung told a parliamentary budget committee that 10,000 GPUs funded under a 2025 supplementary budget had already arrived and were in use.
Is Cathie Wood betting on the next stage of the AI boom amid Wall Street’s tech stock crash, buying SpaceX and Nvidia while selling $120 million in Broadcom stock?
Cathie Wood is buying AI stocks while Wall Street is selling them. ARK Invest purchased nearly $49 million in SpaceX and $46 million in Nvidia after Thursday’s tech sell-off wiped out more than $3 trillion in US market value. But it sold $119.7 million in Broadcom and $20 million in CoreWeave. The contrasting trades raise questions about Wood’s AI strategy.
GPU bidding norms eased; Lenskart CEO on profitability
Happy Thursday! Govt has lowered entry barriers for GPU bidders, but pricing concerns remain. This and more in today’s ETtech Morning Dispatch.
Entry norms for GPU bidders eased, but price pain remains
Bidders will not be required to submit a financial bid or commit to service level terms at the first stage, which will be for technical qualification. This is a significant change from the previous IndiaAI process. The minimum technical qualifying score has been reduced to 60 out of 100, compared with 75 under the IndiaAI framework.
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