Nvidia CEO Jensen Huang resigns after admitting extramarital affairs

Jensen Huang has resigned as CEO of Nvidia after admitting to extramarital affairs, including with a senior female official at the company and a Singapore-based AI executive accused by the U.S. of being a Chinese spy. His departure follows the revelations and has triggered a sharp decline in Nvidia's stock. Huang reportedly became despondent after the affairs came to light, despite receiving personal support from President Donald Trump, who urged him to remain in his role. The company's shares have fallen 30.5% since October 6, and the scandal has also sparked political backlash against U.S. Commerce Secretary Howard Lutnick. The affair with Alice Huang, a key official at Singapore's Megaspeed AI firm, was the first to surface, with China and Singapore denying U.S. espionage claims. Huang acknowledged the relationships before resigning, marking a dramatic fall for the leader of the world's top AI chipmaker.