Why Did Jensen Huang Resign? 33 Years Wiped Out

Jensen Huang Resigns: 33 Years Gone in One Afternoon

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Where there are people there is a jianghu. Where there is a jianghu there is Jin Yong. Old Huang being pushed out of his chair — Jin Yong already wrote this scene down. Today we talk about the coldest meeting in the whole canon.

01. The Apricot Grove: Thirty Years, Zeroed Out in a Night

The day before, Qiao Feng was still the chief of the biggest guild in the world. Western Xia's First-Rank Hall — he broke it. The Song border — he held it. The Beggars' Guild went from "the guild with the most people" to "the number one guild under heaven", one palm strike at a time. A hundred thousand disciples. Which of them had not drunk his wine?

The next day, he was not chief anymore.

Why? Not for taking bribes. Not for breaking the law. Not for usurping. For blood.

Quan Guanqing walked out with Elder Xu and Madam Ma and read his origin aloud in front of everyone: you are not a Song man. Your father is Xiao Yuanshan. Your mother was a Khitan. You are a Liao seed.

That one line was enough.

Thirty years of merit, zeroed out on the spot.

On November 12, 2026, that meeting was held again in Santa Clara. NVIDIA issued an announcement: Jensen Huang steps down as president, CEO and director, effective immediately.

Look at those two words. Effective immediately.

No handover window. No retirement ceremony. No "he will continue to lead during the transition". Thirty-three years, from a small graphics-card company to a multi-trillion-dollar compute empire — his badge stopped working that day. The announcement thanked him for his contributions, and then there was nothing. As for why he left, the official text did not say one word.

This play breaks into three parts.

02. A Charge Is Best Left Unclear

Qiao Feng's real problem was that he could not prove he was a Song man. Blood does not self-certify. You say you are loyal; they say a Khitan can fake loyalty. You say you have killed their enemies; they say that is just a painful stratagem.

This is original sin. Original sin does not wash off.

Old Huang is the same. Born in Tainan. A Chinese face. Thirty-three years of CUDA, AI chips, and American compute primacy — none of it counts as proof of being one of us. And the bigger the merit, the more suspicious it looks.

What was the charge, then? One affair, and a woman "alleged" to be a Chinese intelligence asset. Notice the word alleged. No evidence, no finding, and the official announcement could not be bothered to write a reason at all.

It did not need to.

The essence of a power struggle was never proving you guilty. It is leaving you unable to explain yourself.

When Madam Ma framed Qiao Feng, did she have evidence? No. She had two things: Wang Jiantong's suicide note, and a dead man who could not be cross-examined. The dead do not speak. However the letter is read out, the living get convicted.

The board brought in a former acting U.S. attorney for the Southern District of New York, and a top Wall Street firm beside him.

You see — the Beggars' Guild has its rituals. Boards have theirs.

03. The Script Is Always "For Your Own Good"

How did Quan Guanqing put it back then? It is not that we cannot keep you. It is that "those not of our kind must think differently". We are doing this for the Song.

What did Senator Cramer say? "The risk of being squeezed is too big... NVIDIA's chips are that sensitive. He has to go."

Listen to the two. They rhyme.

Qiao Feng had no evidence of collusion with the enemy, but "what if" counted as evidence. Old Huang was never convicted of anything, but "potential risk" counted as the charge.

The escalation ladder is identical: a politician floats it, the media repeats it, "public opinion" places its bets — Polymarket pushed his odds of leaving before the end of November to 86 percent — and then the board meets, investigates, and "approves the resignation".

Quan Guanqing ran exactly that sequence too: float the rumor, line up the elders, then spring it in public at the Apricot Grove.

Nothing new under the sun. And nothing new under the apricot trees either.

04. The Coldest Part: Nobody Stood Up for Him

Someone will ask: did Qiao Feng have no base of his own?

He taught the Dog-Beating Staff technique. He promoted the four elders. A hundred thousand disciples had bled beside him. So why did not one of them stand?

The answer is plain: he had four tenths of the brothers, and not one tenth of the votes. A stake of about 4 percent, and no super-voting rights.

In the Apricot Grove, once the word Khitan landed, whoever spoke for him became "colluding with Liao". The cost of speaking up was charged in full on the spot. The payoff from siding with the room accrued quietly over years. Everyone can do that arithmetic.

And there is one scene that looks almost copied.

In the Apricot Grove, Qiao Feng did one thing first. He stabbed himself four times, to atone for the elders who had mutinied — guild law said rebellion deserved death, so he took their blows for them. Only after that did the reading of his origin begin.

Old Huang bowed first too. On November 8 he sent a public letter of apology to the whole company. On the same day, the board opened an independent investigation.

A sincere knife. A sincere letter.

But the rule of the Apricot Grove is fixed: the sin you confess can be redeemed. The sin you were born with cannot.

The top comment under the news put it best: nothing to be done — the man is not a Song.

Qiao Feng holding a blade as the crowd closes in, the scene the board replayed in Santa Clara

05. Where Do the Chief Qiaos Go?

What happened to Qiao Feng afterwards, anyone who has read the book knows.

He left the guild, and the Khitan label then became true. The Song called him a Liao dog. Liao said his heart still belonged to the Song. Blades on both sides.

At the end, outside Yanmen Pass, he said that as a Khitan he had forced the Liao emperor's hand, and "with what face do I stand between heaven and earth" — then put a broken arrow through his own chest, stopped a war, and paid his life back to both suspicions at once.

Old Huang's troubles are not finished. Warren has said it plainly: resigning does not absolve him, and "the answers Congress wants, he still owes". On November 18, a closed-door congressional briefing is waiting for him.

Handing back the Dog-Beating Staff is easy.

Handing back the label "Khitan" is not.

As for the guild itself, the announcement is steady: business as usual, customer commitments unchanged, the product roadmap untouched. On the first day of trading, the stock fell as much as 14 percent.

The market answered the question with the crudest instrument it has: is the Beggars' Guild, without Qiao Feng, still the Beggars' Guild?

On paper, yes. The elders are there. The staff is there. Three hundred thousand disciples are there. Not one slogan has changed.

Only now the jianghu has a new piece of slang.

The guild's thirty golden years were because of Qiao Feng.

Qiao Feng was pushed out because he was not a Song man.

And the coldest rule of the Apricot Grove was never written into guild law: a ledger of thirty years of merit does not hold — on the question of blood — even one page.

Which brings it much closer to home than a novel. Every one of us keeps a library, a watch history, a folder of files, and we hand all of it to a platform and a login we do not control — and the terms get rewritten by people we never meet.

Your hardware should at least be yours. AIpollo Player streams videos straight from your own PC to your phone, no cloud upload involved; MediaSyncClaw keeps the library in step while you move between machines. Your films stay on the disk you bought.

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