Nvidia CEO Jensen Huang Resigns After Scandal, Stock Plunges 14%
Nvidia CEO Jensen Huang has resigned amid a scandal involving alleged ties to a Chinese woman suspected of espionage and multiple internal affairs allegations, sending shockwaves through the tech industry. The company's stock plunged up to 14% in after-hours trading. The resignation came just four days after Nvidia announced an investigation into Huang's relationship with the Chinese woman. Additional allegations emerged regarding affairs with female executives and another employee, with reports describing the departure as an effective dismissal. CFO Colette Kress has been named interim CEO while a permanent successor is sought. Huang led Nvidia for 33 years, building it into a dominant force controlling 80% of the global AI semiconductor market. Experts say his unique role in guiding the industry and managing political relationships with President Trump will be extremely difficult to replace.