Nvidia is not merely a chip supplier. This summer, the group is standing as guarantor, for more than $100 billion (90.5 billion euros), of a giant data center intended for OpenAI in Ohio.
Jensen Huang is leaving the leadership of Nvidia on Thursday, November 12, 2026. He is resigning from his positions as CEO, chairman and director with immediate effect, according to the board.
The cascade of revelations about this scandal is leading the emblematic boss of the chip giant to step down from the head of the company. The markets are holding up for the moment, however.
Nvidia shares fall 13% on Thursday at the opening of the New York Stock Exchange. They recover late in the session.
The departure comes as Nvidia dominates the sector. The group controls, according to estimates, about 90% of the market for chips used to train and run artificial intelligence models.
Alice Huang is at the heart of the revelations. Although they share the same name, she and Jensen Huang are not related.
Alice Huang led Megaspeed, Nvidia's Singaporean partner, from March to November 2023. She was an executive of that company until November 2023.
Servers then transit through Megaspeed, a company founded by Alice Huang, to reach China. The path of this equipment is fueling questions about the case.
Also known as Huang Le, Alice Huang remains untraceable today. Her social media accounts have disappeared.
A message posted on Weibo by a former presenter on Chinese state television has also disappeared. This former presenter says she knew Alice Huang as a journalist.
Beijing categorically denies having entrusted Alice Huang with an espionage operation. This denial does not extinguish the political questions in the United States.
The case may also see a political rebound. Nvidia's ousted boss is summoned in December to explain himself before American lawmakers.
Many Democrats will look, through these revelations, for signs of corruption. No element of the parliamentary inquiry has yet been made public.
Jensen Huang was much more than a mere boss. With his black T-shirt and his usual leather jacket, he had become one of the most listened-to voices of the acceleration camp in the AI sector.
He dismissed fears of a financial bubble. He also fought the pause proposed in September, in the name of safety, by the bosses of Anthropic and OpenAI, creators of Claude and ChatGPT.
This unofficial adviser had even obtained from the Republican the right to sell certain high-end chips to China, despite the technological rivalry between the two powers.