Nvidia CEO Jensen Huang resigns amid affair scandal
Nvidia CEO Jensen Huang has resigned in the wake of reports that he had multiple extramarital relationships, including one with a woman who reports to him and another with a suspected agent of China — a stunning turn of events for the head of a company at the heart of the global AI investment boom. […]
Nvidia CEO Jensen Huang has resigned from his position after reports emerged of multiple extramarital relationships. Colette Kress, Nvidia's current Executive Vice President and Chief Financial Officer, has assumed the role of Interim Chief Executive Officer following Huang's departure. The White House was aware of the board's meeting to discuss Huang's future at the company.
Shares of Nvidia experienced a significant drop of nearly 9% in after-hours trading due to the reports. Huang, who had been with Nvidia since its founding in the early 1990s, oversaw the firm's rapid growth in the AI sector. According to The New York Times, Huang had an affair with a married healthcare executive who reported to him, violating Nvidia's code of conduct.
Huang acknowledged his unfaithfulness to his wife and expressed deep regret for his actions. The allegations of a relationship with a suspected Chinese spy have led to calls for Huang to testify about the matter, with some Washington officials advocating for greater scrutiny of Nvidia. China has dismissed the allegations as "purely unsubstantiated and directed at smearing China."
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