Jensen Huang resigns as Nvidia CEO amid affair with alleged spy

Jensen Huang resigned as CEO of Nvidia on Thursday following a scandal involving an alleged extramarital affair with a suspected Chinese spy, triggering a 13% stock drop that erased over half a trillion dollars in market value. The resignation came after The New York Times reported Huang had two affairs, including one with Alice Huang, an executive at Singapore-based Megaspeed, a major Nvidia client, and another with Nvidia executive Kimberly Powell. The company appointed CFO Colette Kress as interim CEO. Nvidia launched an investigation into whether Huang was targeted by foreign intelligence, while China denied the allegations. The scandal has political implications as Trump and Xi are set to meet at APEC next week, and Democratic senators have requested documents on Nvidia chip exports to China.