Nvidia's CEO, Jensen Huang, has resigned following allegations of two extramarital affairs, one involving an alleged Chinese spy. The company announced the resignation on Thursday, citing national security concerns. Huang, who had been at the helm of the AI chipmaker for over a decade, was accused of having an affair with Alice Huang, a Chinese businesswoman linked to a Singapore-based AI data center company. Authorities in Singapore had previously investigated her company, Megaspeed, over its dealings with Nvidia and its alleged ties to China.
The U.S. Government raised security concerns over the relationship, prompting Huang's departure. In a statement, Nvidia confirmed that Colette Kress, its executive vice president and chief financial officer, would serve as interim CEO. Kress has been with the company for over 15 years and has held several key roles. The resignation has triggered a significant drop in Nvidia's stock price, with the company's market value falling below $4 trillion for the first time since 2025.
This scandal follows a series of controversies surrounding Huang, including previous allegations of misconduct. The affair with Alice Huang, who was reportedly acting as a spy for Beijing, has intensified scrutiny on the company's leadership. While no formal charges have been filed, the situation has led to calls for greater oversight of executive conduct in tech firms. The resignation marks a major shift for Nvidia, one of the world's leading AI chip manufacturers.
