Nvidia founder Jensen Huang resigns after infidelity reports and $570 billion market loss

Nvidia founder Jensen Huang resigned Thursday as executive chairman and board member after admitting to infidelity and following a New York Times report of a second relationship with a subordinate, as the company lost about $570 billion in market value since Friday. CFO Colette Kress will lead temporarily while a successor is sought. Huang's Sunday email to staff confessed to being unfaithful to his wife Lori Mills, whom he met as a lab partner at Oregon State University. The board launched an independent investigation into possible Chinese intelligence operations. The Times reported Huang's alleged relationship with Kimberly Powell, a direct report, citing five sources. Alice Huang, linked to a first affair, is a Megaspeed shareholder under investigation for suspected chip diversion to China. Beijing dismissed espionage claims as a smear campaign.