NVIDIA just lost a $1.3 billion backer, Chinese billionaire Leo KoGuan, after CEO Jensen Huang resigned following a personal scandal.
KoGuan says he's pressing pause on any new NVIDIA investments, adding to the company's troubles as its stock has already dropped 6% since the news broke.
KoGuan shifting investments to SpaceX, Alphabet
KoGuan isn't leaving tech behind: he's now planning to increase investments in SpaceX and Alphabet, building on his track record with big names like Tesla.
While he still believes in NVIDIA's long-term future, for now, he's shifting focus as the company faces questions about its leadership and direction in fast-moving tech fields like AI.