Nvidia CEO Jensen Huang resigns after affair allegations; interim leadership named

Nvidia co-founder Jensen Huang has resigned as CEO effective immediately following allegations of extramarital affairs, including with a businesswoman suspected by U.S. intelligence of being a Chinese spy and a subordinate executive. His abrupt exit triggered a drop of over 4 percent in Nvidia shares. Chief financial officer Colette Kress has stepped in as interim CEO, while Harvey C. Jones was named the board's first-ever chairman as the company searches for a permanent leader. The FBI and U.S. lawmakers are examining national security implications and Nvidia's ties to Megaspeed International, though Nvidia maintains no evidence of compromised secrets. President Donald Trump defended Huang's performance and suggested former Apple head Tim Cook as a replacement, drawing criticism from Congressional Democrats. The resignation presents a critical test for the chipmaker's leadership transition and the resilience of the broader artificial intelligence market.