Jensen Huang Basically Lit More Than $1 Trillion on Fire in Less Than a Month

The resignation came after weeks of scandal, including reported affairs with employees. Nvidia's market cap stood at around $5.2 trillion before the scandal began in late October when The New York Times revealed Huang's relationship with Alice Huang, a former executive at Singapore-based Megaspeed.

By November 8, Nvidia announced it was investigating its CEO after Huang publicly acknowledged an affair. The following morning, approximately $1 trillion had been erased from the company's valuation since the scandal erupted.

Irreplaceable Leadership

Industry experts question whether Nvidia can maintain its position without Huang. The CEO built Nvidia into a tech juggernaut and was the visionary behind the GPU technology that has sustained the artificial intelligence revolution.

Global Economic Impact

Huang's departure raises significant questions about the global economy. Nvidia's chips are used to train most major AI models, and the company has invested billions in other tech firms, including nearly $30 billion in Intel stock and roughly $21 billion in SpaceX shares.

While competitors benefit from Nvidia's losses—AMD shares are up 28% and Broadcom nearly 16% over five days—the broader implications of a diminished Nvidia remain unclear as investors assess the company's future direction.