Jen-Hsun Huang really resigned! Taiwan's AI concept stocks fell, etc.

First published 11-12 22:25

Update time 11-13 05:47

Huang Renxun resigned, short-term Taiwan AI concept stocks will face a new wave of stress tests.

[Reporter Zhuo Yijun/Report from Taipei] Huida CEO Huang Renxun has been involved in extramarital affairs and espionage accusations one after another. On the evening of the 12th, Huida announced that Huang Renxun had resigned as president, CEO and director. Huida’s pre-market share price fell by more than 11% after Huang Renxun’s resignation, and the Taiwan Index futures also followed suit in night trading. Diving, legal persons pointed out that because Huang Renxun has a close relationship with Taiwan's AI supply chain led by TSMC (2330), and is also a key figure in promoting the development of AI globally, Huang Renxun's resignation may cause the short-term AI community to face emotional fluctuations, and Taiwan stocks may face another short-term stress test.

Taiwan's AI concept stocks have already plummeted on the 12th due to Huang Renxun's controversy. After Huang Renxun's resignation, the market will have doubts about whether AI-related orders will be reduced. AI concept stocks may drop again on the 13th.

Huida announced on the evening of the 12th that Huang Renxun would immediately resign as president, CEO and director, and Chief Financial Officer Colette Kress would serve as interim CEO. The board of directors also appointed Harvey C. Jones as Huida's first chairman.