Jensen Huang, CEO of Nvidia, has resigned after allegations of an extramarital affair with a Chinese businesswoman suspected of acting as a spy for Beijing. The resignation came after the company's board launched an investigation into the matter. Huang, who led Nvidia for 33 years, has been accused of having affairs with a direct report and an individual linked to Chinese intelligence.
The company named Colette Kress, its CFO, as interim CEO. Kress had previously served as executive vice president and chief financial officer. The board also announced that Harvey Jones has been appointed as the new chair. Huang's departure has triggered a significant drop in Nvidia's stock value, with the company's market capitalization falling below $4 trillion for the first time since 2025.
This is not the first time Huang has faced allegations of misconduct. Reports indicate he had a second affair with an executive, which led to internal emails describing the situation as an "extraordinarily difficult period." The board's decision to investigate followed growing concerns over the impact of these allegations on the company's reputation and security.
Huang's resignation marks a major shift for Nvidia, a leader in artificial intelligence hardware. The company now faces the challenge of finding a new CEO to lead its continued growth in the tech sector. The situation has raised questions about corporate governance and the handling of sensitive information in high-profile tech firms.
