Nvidia CEO Jensen Huang resigns amid espionage scandal, shaking AI industry
Nvidia CEO Jensen Huang has resigned amid a scandal over extramarital affairs, including a relationship with a woman accused of spying for China, sending shockwaves through the AI industry. The board announced Thursday that the co-founder stepped down immediately as president, CEO, and director without justification. CFO Colette Kress will serve as interim CEO while a permanent successor is sought. Nvidia's stock fell 13% at market open before recovering to close down 4.3%. Huang, 63, faces allegations of affairs with Chinese businesswoman Alice Huang, suspected by US intelligence of espionage, and two Nvidia employees. China denied the espionage claims, calling them a pretext for technology restrictions. Huang has agreed to testify before Congress on November 26.