Nvidia CEO Jensen Huang resigns after affair reports and chip shipment probe

Nvidia CEO and co-founder Jensen Huang has resigned following reports of personal affairs with two colleagues, including one allegedly linked to unauthorized chip shipments to Chinese firms, causing the company's stock to plunge about 9 percent in after-hours trading. The board launched an internal investigation led by law firm Wachtell, Lipton, Rosen & Katz after Huang admitted to being unfaithful in an internal memo. The fallout erased nearly $350 billion in market value from the $4 trillion chipmaker at the center of the global artificial intelligence boom. The scandal has triggered political fallout in Washington, with calls for congressional testimony after reports that Secretary of State Marco Rubio had warned President Donald Trump about Huang's compromised position. China denied the intelligence claims, while Elon Musk said he would be honored to hire Huang.