Nvidia confirmed CEO Jensen Huang's resignation after days of scandal rumors, and markets treated the news as a relief rather than a shock, sending Taiwan's stock market soaring.

• Taiwan's main index jumped over 2% and briefly topped 44,000 points, with chipmakers like TSMC, MediaTek, and Foxconn all rising sharply.
• Nvidia's CFO Colette Kress is stepping in as interim CEO, and investors seem to see this as a safe, steady choice rather than a crisis.
• Nvidia's own stock fell and lost roughly $180 billion in value on the news, dragging down US chip stocks like Intel and Super Micro, while rivals AMD and Broadcom rose as money rotated into other AI chip makers.
• Because Huang is so closely tied to Taiwan's supply chain, analysts expect investors to reassess Taiwan-based Nvidia suppliers going forward.
• Rising oil prices (after Trump said a deal with Iran is no longer needed) and worries about further interest rate hikes also weighed on US markets.

Outlook: Expect continued swings in AI and chip stocks as markets digest the leadership change and investors sort out which companies benefit versus lose from Nvidia's shakeup.