Nvidia CEO Jensen Huang resigns amid affair with suspected Chinese spy

Nvidia CEO Jensen Huang resigned Thursday after a board meeting, following revelations of an extramarital affair with a Chinese businesswoman suspected of espionage. The company announced his departure is effective immediately, with CFO Colette Kress assuming interim leadership. Huang, 63, co-founded Nvidia in 1993 and faced scrutiny since early November over his relationship with Alice Huang, a Chinese executive suspected of spying for Beijing. He confirmed the affair and apologized to his family. Reports also emerged of a second relationship with Nvidia vice president Kimberly Powell. Nvidia's stock has fallen 23% in the past month, losing over $1 trillion in market capitalization. The board has launched a search for a permanent CEO and thanked Huang for his "invaluable" contributions to the company and industry.