Nvidia CEO Jensen Huang resigns amid spy allegations, $600bn market loss
Nvidia CEO Jensen Huang has stepped down amid espionage and affair allegations, triggering a loss of over $600bn in market value this week for the $4.2 trillion tech giant. The company appointed Chief Financial Officer Colette Kress as interim CEO on Thursday, following a board meeting Wednesday night to discuss Huang's ouster. His relationship with suspected Chinese spy Alice Huang, a former executive at Nvidia partner Megaspeed, sparked FBI and congressional investigations, plus a shareholder lawsuit. Huang, 63, a co-founder and close Trump ally, owned about 3.6 percent of Nvidia stock. The scandal has raised national security concerns over US chip export restrictions to China, with Nvidia's stock falling to a 14-year low.