Nvidia CEO Jensen Huang resigns amid affair allegations tied to suspected spy

Nvidia CEO Jensen Huang has resigned following allegations of affairs involving a suspected Chinese spy, with CFO Colette Kress named interim chief executive. The company announced the leadership change on Thursday as it searches for a permanent successor. Huang, who co-founded Nvidia and holds a 3.61 per cent stake, will also leave the board, with former Synopsys CEO Harvey Jones appointed as the company's first board chairman. Nvidia shares fell over 14 per cent at Thursday's opening bell before recovering to a decline of about five per cent, following reports of Huang's affair with businesswoman Alice Huang, whom US authorities suspect of spying for China. The departure could impact US chip export policy, given Huang's push to preserve Chinese market access and his ties to President Donald Trump. Chinese authorities have denied the allegations, with foreign ministry spokeswoman Mao Ning urging the US to stop making up "so-called spy stories." Nvidia's quarterly results are due November 17.