Nvidia CEO Jensen Huang resigns

Breaking news this morning. This is big. The NVIDIA CEO is out. Jensen Huang has resigned after two extramarital affairs were uncovered, including one with a suspected Chinese spy and another with an employee. And it sparked questions about the future of one of the most valuable companies in the world and questions about national security and whether or not there had been risks here. The company said that Thursday the CEO will now serve as CFO. We should say will now serve as interim CEO until a permanent successor is named. The board is now starting a search for the company's next CEO and will consider internal and external candidates. It is, it is, you cannot underestimate or understate how important. Jensen Huang was to, A, NVIDIA, but also, if you're talking about artificial intelligence being an orchestra, he was the maestro of all of it. 90% of the chips that powered artificial intelligence as a whole were made by NVIDIA. So this is a seismic, seismic shift in that world. The founder of this company, and these were not just chips, but these were considered some of the best chips that are out there. Some of them because of that extramarital affair that he had with the alleged Chinese spy, Alice Wong. She worked for another company that had sold chips to China, and there were questions as to whether or not that was a national security risk. And then there was some noise on Capitol Hill, especially with Democrats now taking control, that there would be more investigations into whether or not there had been risks that had been taken that posed a national security risk to the country. And now we're hearing this morning, you know, questions about whether or not he would stay in that role. And now we are hearing this morning that he has resigned. That's right. He does have a board to answer to. The board met over the last 24 hours to try to figure out a succession plan here. And it seems like they're still working on that. So this is a big story. We'll obviously keep you posted all throughout the morning. We'll have more reaction as well as the stock market.