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Nvidia CEO Jensen Huang resigns as CEO in the wake of multiple affairs, Chinese spy allegations

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Nvidia CEO Jensen Huang resigns as CEO in the wake of multiple affairs, Chinese spy allegations

Nvidia’s board of directors has confirmed today that Jensen Huang has resigned as the company's CEO. The news follows revelations that Huang had been involved in not one but two extramarital affairs, one with a suspected Chinese intelligence asset, and another with his direct report, Nvidia’s VP of health care, Kimberly Powell.

"NVIDIA (NASDAQ: NVDA) Board of Directors announced today that Jensen Huang has resigned as President, Chief Executive Officer, and a member of the Board, effective immediately," the board stated. "Colette Kress, current Executive Vice President and Chief Financial Officer of NVIDIA, has agreed to serve as Interim Chief Executive Officer. Kress will continue to serve as Executive Vice President and Chief Financial Officer while serving as Interim Chief Executive Officer until a permanent successor has been named. The Board is initiating a search for a permanent Chief Executive Officer and will consider internal and external candidates."

In recent weeks, stories have come to light alleging that Huang was involved in an overly familiar relationship with Megaspeed executive Alice Huang, whom U.S. intelligence agencies suspect may be a Chinese intelligence asset. It was reported that the AI GPU giant’s CEO may have been the target of a spy plot — Megaspeed is under investigation for its involvement in the smuggling of $2 billion worth of export-controlled AI GPUs into China.

Nvidia shares plunged more than 10 percent in early market trading following the news, and are now down more than 23% in the last month.

Over the weekend, Jensen Huang admitted that he had been unfaithful to his wife and issued a company-wide apology.


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