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Huang's Nvidia Exit Sparks Scandal, Succession Questions
Jensen Huang has resigned as Nvidia CEO after 33 years, with the board reportedly preparing to oust him amid a scandal over an affair with Alice Huang, a businesswoman suspected of being a Chinese spy, which Huang admitted. The resignation has clouded the AI industry's future, sent shares tumbling to a 14-year low forward P/E of around 12 times, and drawn comments from Elon Musk that Nvidia would lose "critical" deals without Huang. Nvidia's board has approached Arm CEO Rene Haas as a potential successor, per the Financial Times. Korean media highlight the fallout: Hankyoreh frames the exit as "in disgrace" and questions Huang's one-man rule, while Business Korea notes Hyundai Motor Group's autonomous driving strategy is now at a critical juncture. Koreaboo reports a Korean star, Hwang Young Jin, was unexpectedly caught up in the aftermath and gave a witty explanation.
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