Nvidia CEO Resigns After Misleading Executives About Affair With Chinese Businesswoman

Jensen Huang resigned as Nvidia CEO on Thursday after misleading top company leaders about his affair with Chinese businesswoman Alice Huang, who was under US investigation for potential spying. His departure marks a dramatic fall from his position as a pioneer in AI chip technology. Internal correspondence reviewed by Reuters shows Huang told general counsel Tim Teter and chief marketing officer Alison Wagonfeld in October that his interactions with Alice Huang were standard business dealings, not an intimate relationship. He also discussed legal action against the New York Times over its October article about their public meetings, though no lawsuit was filed. Huang apologized Sunday for being unfaithful to his wife and disappointing the company, without naming Alice Huang, a former executive at Nvidia customer Megaspeed International. Nvidia's stock has dropped over 30% since October 6, erasing more than $1.8 trillion in market value.