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Nvidia CEO Jensen Huang resigns amid espionage scandal, raising concerns over US chip export policies and open AI support.

12 Nov 2026, 20:39 WIB
TechCrunch
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Bearish
Nvidia CEO Jensen Huang resigns amid espionage scandal, raising concerns over US chip export policies and open AI support.

Nvidia CEO Jensen Huang resigned after admitting to an affair with an alleged Chinese spy, sparking concerns about U.S. national security and the future of Nvidia's support for open source AI. Huang was a key advocate for open AI models and opposed strict U.S. export controls on chips to China. His departure casts uncertainty on Nvidia's ongoing deals, including a $13 billion acquisition of Hugging Face, and whether the company will maintain its open AI ecosystem strategy. CFO Colette Kress is interim CEO, but it remains unclear if she will continue Huang's open source legacy amid increased scrutiny and potential tougher export restrictions on Chinese AI firms.

Following the unexpected resignation of Nvidia CEO Jensen Huang, Nvidia's shares have seen a notable decline. On Pluang, NVDA trades at USD 164.52, down 5.30% as of Nov 13, 2026 01:51 WIB. Despite the drop, the stock maintains a market cap of $4.20 trillion, with a typical hold time of 118 days and a dividend yield of 0.58%. Buy orders currently outpace sell orders at 69% to 31%.

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