Nvidia founder Jensen Huang resigns as CEO after spy affair probe

Jensen Huang has resigned as CEO of Nvidia following an independent investigation into his affair with a suspected Chinese spy. The board held an emergency meeting that continued into Thursday morning. Huang acknowledged the relationship with Alice Huang, a former Megaspeed managing director whom US intelligence determined was gathering information for China. Nvidia and Huang face a proposed class action alleging shareholder fraud for concealing the ties. Huang, 63, owns about 3.6 percent of Nvidia and has no obvious successor, leaving a leadership vacuum at the $4 trillion chipmaker. Nvidia stock has fallen 24 percent over the past month, erasing $1.4 trillion in market value.