Market Value Evaporated 2.279兆美元
Wealth Media Chairman Xie Jinhe today (13) posted on Facebook titled “亢龍有悔！前塵往事如雲煙”, saying Nvidia (NVIDIA) co-founder Jensen Huang recently stepped down as CEO after being caught in a suspected extramarital affair with Huang Le (Alice Huang) and a national security storm, calling it the most shocking lesson of the year. He said he slept until 凌晨4點半, woke up to check Nvidia shares, which fell intraday to a low of 148.8美元, leaving a market value of 3.586兆美元, compared with the high of 243.37美元 on 9月6日 and a market value then of 5.865兆美元. The storm wiped 2.279兆美元 off Nvidia market value, about 新台幣74.75兆.
Fixation on China Market Buried Risks
Xie Jinhe said he saw a graphic online in the morning summarizing his worries about Nvidia over the past year-plus, one being that Jensen Huang was overly fixated on the China market, risking grave danger for Nvidia, and now the breach is Huang Le. Besides her personal relationship with Jensen Huang, intelligence also shows she is a spy planted by China. His questions about Jensen Huang began with wearing a Tang suit; adapting to local custom was originally understandable, but a closer look at his cross-strait attitude reveals subtle clues. Jensen Huang built an AI supply chain centered in Taiwan, and Taiwan became great because of AI, yet he has never been seen pictured with President Tsai Ing-wen or President Lai, clearly observing Beijing taboos, with high political sensitivity.
Red-Top Merchant in US-China AI Rivalry
Xie Jinhe pointed out that in a new era where the US and China compete with AI as national strength, Jensen Huang and Elon Musk are Trump only two red-top merchants, and China broke through with a honey trap, influencing Trump through Jensen Huang and using Jensen Huang to break the high-end chip blockade strategy. Jensen Huang repeatedly stressed that blocking China chips would drive China to self-sufficient breakthroughs, and once said Chinese AI could surpass the US, remarks he later walked back. This scandal broke after the US midterm elections on 11月3日, looking like the American establishment preparing to purge those around the leader, from the New York Times leaking the story, to Jensen Huang admitting the affair, then resigning, with a congressional investigation likely to follow.
Taiwan Supply Chain Faces Take-Sides Test
Xie Jinhe analyzed that this storm came fast and hard, and Taiwan impact will likely see lingering aftershocks with powerful radiation. Past Southeast Asia underground chip transshipment hubs may be shut down, and US AI controls will certainly become stricter. Singapore role has shifted, Anwar Malaysia will be greatly affected. He visited Penang and Johor this year, with Malaysia looking like a new AI base, and China data centers built in Johor. Alibaba shares plunged in recent days, possibly reflecting this negative news. Currently TSMC ADR remains above 400美元, stronger than expected, while the impact on the Taiwan supply chain still needs slow assessment. After all, much of Taiwan glory over the past 3年 was built by Jensen Huang, and scenes of him strolling night markets and hosting lavish banquets may no longer be seen. Business circles have often said politics is politics and economics is economics, but in the end politics decides economics. If cross-strait hostility continues, the foundation for business may be shifting sand, and many Taiwan companies straddling both sides will surface one after another.