Jensen Huang, chief executive of Nvidia, has resigned from his position following reports of multiple extramarital affairs, including one with a woman suspected of working for the Chinese government. The news came after several media outlets reported the allegations, which have led to significant market reactions. Nvidia's stock fell sharply, with the company losing over 12% in value within days of the scandal breaking.
The resignation was confirmed by Nvidia, which stated that Huang had stepped down as president, CEO, and member of the board. The allegations include a relationship with a Chinese businesswoman accused of espionage. Some U.S. Lawmakers have called for Huang's resignation, citing national security concerns. Republican Senator Kevin Cramer, a member of the Senate Banking Committee, has urged Huang to step down, arguing that the situation poses an unacceptable risk.
This is not the first time Huang has faced scrutiny. Previous reports had already raised questions about his personal conduct, including allegations of affairs. The current scandal has intensified the pressure on the company, with some analysts suggesting that the situation could have long-term implications for Nvidia's reputation and market position. The company remains under investigation, and further details are expected in the coming days.
