Jensen Huang resigns as Nvidia CEO after affair revelations

Jensen Huang resigned as chief executive of Nvidia on Thursday after revelations of two extramarital affairs, including one with a woman accused of spying for China, sending shares down over 10% in pre-market trading. Chief financial officer Colette Kress will serve as interim CEO while the board searches for a permanent successor. Huang, 63, also left the board, ending his 33-year leadership of the company he co-founded. The scandal follows his Sunday admission of an affair with Alice Huang, a former Megaspeed executive allegedly linked to China's Ministry of State Security, and a New York Times report of a second affair with Nvidia vice president Kimberly Powell. Beijing has rejected the spying allegations. The board appointed Harvey Jones, former Synopsys CEO, as its first chair, expressing confidence in continuity. Nvidia shareholders have filed a class action lawsuit over undisclosed relationship information, and the company will release quarterly results as scheduled on Nov 17.