Nvidia founder Jensen Huang resigns after affair reports and $570 billion stock loss

Nvidia founder Jensen Huang resigned as executive chairman and board member on Thursday, following reports of an extramarital affair and a second alleged relationship with a subordinate, amid a $570 billion stock market loss. Huang admitted infidelity to his wife Lori Mills in a Sunday email to employees, prompting an independent investigation. The New York Times reported a second relationship with vice president Kimberly Powell, who reported directly to him, leading to his immediate departure. Huang co-founded Nvidia in 1993 at a Denny's restaurant, building it into a leading AI chip maker. The company is now seeking a successor, with CFO Colette Kress serving as interim leader.