Nvidia's CEO, Jensen Huang, has resigned following a scandal involving personal affairs and allegations of ties to a Chinese intelligence asset. The news came as the company's stock fell sharply. Huang, who led Nvidia for 33 years, stepped down immediately.
The resignation followed reports that Huang had an affair with a woman accused of spying for China. Additional claims surfaced that he also had an affair with a subordinate. These allegations prompted an independent investigation into his personal conduct.
Huang's departure has triggered a significant drop in Nvidia's stock price. Shares fell over 10% in early trading, with some reports indicating a 13% decline. The Nasdaq-100 index also saw a slight drop, while the S&P 500 gained.
This is the first major leadership change at Nvidia in its history. The company has yet to announce a permanent replacement, with Colette Kress serving as interim CEO.
The scandal has raised questions about the company's leadership and security protocols. Huang's resignation marks a turning point for Nvidia as it navigates the fallout from the allegations.
