Nvidia's CEO, Jensen Huang, has resigned following allegations of multiple extramarital affairs with current and former employees, according to multiple reports. The news comes as the company's stock dropped sharply, with shares closing down 4.3 percent. The resignations follow a series of claims that Huang had intimate relationships with several employees, including a vice president and an unnamed individual.
Reuters reported that Huang had an "intimate relationship" with another Nvidia employee, bringing the number of alleged affairs to three. These include a suspected spy from a rival company, a vice president of health care, and an unnamed employee. The allegations have led to internal investigations and public scrutiny, with the company's board now facing pressure to address the situation.
Huang's departure marks the end of a 33-year tenure as the company's sole leader. His resignation was announced with immediate effect, according to a filing with the US Securities and Exchange Commission. The search for a new CEO has begun, with potential candidates including insiders, rivals, and even a Trump appointee. Meanwhile, the company's stock has continued to decline, reflecting investor concerns over the leadership vacuum and the ongoing scandal.
