Nvidia CEO Jensen Huang resigns after affair scandal triggers $350B stock plunge

Nvidia CEO Jensen Huang resigned Thursday following allegations of affairs with a woman linked to Chinese intelligence and a married subordinate, after shares plunged 9 percent in after-hours trading, erasing $350 billion in market value. The board launched an internal investigation after Huang admitted infidelity in a memo to employees Sunday. The company thanked Huang for his contributions, while China denied espionage claims as unsubstantiated. His exit creates a leadership vacuum at the $4 trillion chipmaker he co-founded in 1993. The scandal has reached Washington, with Republican committees seeking closed-door testimony and Democratic senators demanding records preservation. Yale governance expert Jeffrey Sonnenfeld said Huang lost internal and external credibility, though Elon Musk offered to hire him.