The relationship trap topples the president of “NVIDIA”

Jensen Huang's resignation from his position as CEO of NVIDIA ended a journey that spanned 33 years, during which he led it from a start-up project in the graphics processor industry to one of the largest companies in the world, and a key pivot in the artificial intelligence boom.

Huang's resignation came after he fell into a relationship trap, as he admitted in a letter to the company's employees that he had cheated on his wife, offering an apology to his family and taking responsibility for his actions, following reports about his relationship with Alice Huang, the former director of the Singaporean company Megaspeed, which US intelligence suspects of having ties to China. Later reports also revealed a second relationship with Kimberly Powell, an executive at Nvidia.

This coincided with investigations related to the possibility of transferring advanced chips to the Chinese market via “Megaspeed.”

The crisis quickly affected the markets, as Nvidia's market value declined by about $361 billion to reach about $3.83 trillion.

Sheikh Khalid bin Abdullah Al Khalifa, Deputy Prime Minister of Bahrain, witnessed the signing ceremony of contracts for the implementation of the fourth phase of the Busaiteen Bridge project, funded by the Saudi Fund for Development through a grant provided by Saudi Arabia worth more than 937 million riyals ($249.8 million) for all its phases.

The CEO of the Saudi Fund for Development, Sultan Al-Murshid, participated in the signing ceremony, which was attended by the Bahraini Minister of Works, Engineer Ibrahim Al-Hawaj, and the Deputy Saudi Ambassador to Bahrain, Abdullah bin Tawla.

The project will contribute to connecting Muharraq Island to the capital, Manama, facilitating traffic movement and its flow, linking regions together and bridging the gap between them, as it represents an important tributary to the development of the transportation system in Bahrain by enhancing the efficiency of the road network and raising its capacity.

For his part, Al-Murshid explained that this project comes within the framework of the close development relations between the two sides that extend for about 50 years, adding that its current fourth phase will contribute to supporting and keeping pace with the requirements of social and economic growth towards achieving progress and prosperity in Bahrain.

In turn, Al-Hawaj stressed that the signing of the contracts reflects the depth of the established fraternal relations and the close development partnership that brings together the two countries, and reflects the important role played by the Fund in supporting strategic projects aimed at developing infrastructure and promoting sustainable development paths in Bahrain.

This project comes within a long track record of development cooperation between Saudi Arabia and Bahrain, extending for about five decades, during which the Fund contributed to financing 34 development projects and programs in the sectors of energy, transportation, social infrastructure, and others, through soft development loans and grants provided by the Kingdom in amounts exceeding 10.9 billion riyals ($2.907 billion).

These contributions reflect Saudi Arabia's firm approach to Bahrain, supporting its development priorities, and contributing to the establishment of a sustainable infrastructure that enhances the elements of growth and prosperity.

Nvidia was subjected to one of the most violent sales waves in its history, Thursday, after its market value fell below $4 trillion for the first time since 2025, following the resignation of its founder and CEO, Jensen Huang, against the backdrop of the revelation of two extramarital affairs, one of them with a woman whom the American authorities suspect of working for China.

The company's shares fell by up to 14 percent during early trading on the New York Stock Exchange, recording its lowest levels since June 2025, wiping up to $601 billion from its market value. Bloomberg said that the continuation of these losses until the close of the session would have made it the largest daily loss in the market value of a listed company in history. With this decline, Nvidia's market value fell to less than $3.8 trillion, falling behind Apple and Microsoft, after it was the largest company in the world a few weeks ago. The stock also lost about 35 percent of its value compared to its record levels recorded in early October, a decline that erased about two trillion dollars from the company’s market value within weeks.

The wave of sales came after NVIDIA announced Huang's departure from his position, the appointment of CFO Colette Kress as acting CEO, and board member Harvey Jones as the first chairman of the company's board of directors in its history, days before the announcement of the quarterly results for the third quarter, scheduled for next Tuesday.

Huang's ability to continue leading the most influential company in the artificial intelligence chip industry has been in question since Sunday, when he admitted to having a relationship with Alice Huang, a former executive at the Singaporean data center company Megaspeed International, whom US authorities suspect of being linked to espionage for China. Then, on Wednesday, The New York Times revealed another relationship between Huang and Kimberly Powell, NVIDIA’s vice president responsible for the health sector, citing people the newspaper did not name.