Nvidia CEO Jensen Huang resigns after his affair raises US security concerns

Nvidia CEO Jensen Huang resigned after his extramarital affair with a Chinese businesswoman raised U.S. national security concerns. The affair came to light after it was reported that the woman, Alice Huang, was also suspected of spying for Beijing. Nvidia's board gathered to discuss Huang's future following the revelations. The company named Colette Kress as interim CEO, who had been Nvidia’s executive vice president and chief financial officer.

Huang's resignation follows the U.S. lawmakers' request for a briefing from him to address questions about his interactions with the Chinese businesswoman and Nvidia's security protocols against foreign espionage. Despite the resignation, lawmakers expressed their desire for Huang to appear before them to answer questions, with Rep. Brian Mast stating that Huang would likely receive a subpoena if necessary.

Shares of Nvidia, one of the world's largest companies, fell sharply upon the news, with a 5.3% drop in the opening bell. The company's shares have since dropped more than 30%, reflecting concerns over Huang's departure and the potential impact on the AI boom.