Nvidia's Rise and Fall: CEO Resigns After Spy Scandal, Stock Plunges
Nvidia CEO Jensen Huang resigned amid reports of extramarital affairs, including with a woman suspected of being a Chinese spy, causing a sharp stock drop and his exit from the company he led for 33 years. The scandal emerged after Huang admitted to cheating on his wife, with media naming Alice Huang, a Chinese citizen and Nvidia customer executive, as a possible intelligence asset. Nvidia launched an independent probe, and CFO Colette Kress was named interim CEO. Huang co-founded Nvidia in 1993 at a Denny's restaurant, building it into a $4.5 trillion AI chip giant. His net worth fell $7.4 billion, and analysts warn his departure could disrupt the AI industry amid ongoing congressional investigations.