Nvidia CEO Jensen Huang resigns after board forces him out over infidelity scandal

Jensen Huang resigned as CEO of Nvidia on Wednesday night after the board gave him no other option, following weeks of denials about infidelity allegations. He reportedly arrived at the final board meeting defeated, repeating phrases like "whatever" and "I don't care." The resignation came after The New York Times reported a relationship with Kimberly Powell, a vice president at Nvidia, which followed an earlier admission of an affair with Alice Huang. Legal chief Tim Teter confronted Huang after the Financial Times published details, and Huang confessed, leading to an investigation by Wachtell, Lipton, Rosen & Katz. CFO Colette Kress was named interim CEO. Huang reportedly told associates his main concern is his wife, not his own fate, and he has agreed to testify before Congress before Thanksgiving. Nvidia faces a difficult CEO search, with no succession plan in place, as the company prepares to report earnings on November 17.