Jensen Huang resigns as Nvidia chief executive

Nvidia's co-founder and CEO, Jensen Huang, has stepped down from his position following the revelation of an affair with a woman suspected of being a Chinese spy, as well as another alleged romantic relationship with an employee of the company. In a filing with the US Securities and Exchange Commission (SEC), Nvidia disclosed that Huang resigned on November 11, effective immediately.

He will be succeeded by the company's chief financial officer, Colette Kress, who will serve as interim CEO while the board searches for a permanent replacement. Huang, who founded Nvidia in 1993 and held the roles of president, CEO, and board member since then, played a pivotal role in transforming the company into one of the most valuable in the world, reaching a peak value of over $5.5 trillion this year.

However, his tenure as CEO came to an end after the board conducted an investigation following Huang's admission of an affair, coupled with allegations of a romantic relationship with another employee of Nvidia, according to a report by the New York Times. This situation remains under investigation and more details are expected to emerge.