Nvidia CEO Jensen Huang resigns after tech giant rocked by second affair allegation - follow live

BBC News
Nvidia CEO Jensen Huang resigns amid a second affair allegation, with CFO Colette Kress named interim CEO.

Summary

Nvidia's board announced that CEO Jensen Huang has resigned following reports of a second extramarital affair, this time with a company executive. This comes after earlier revelations of an affair with Alice Huang, who is suspected of being a Chinese spy. The scandal has significantly impacted Nvidia's stock, which fell over 10% in pre-market trading. Colette Kress, the CFO, has been appointed interim CEO. The board thanked Huang for his contributions. Analysts note Huang's influence will persist as he remains on the board and is a major shareholder. The situation has drawn congressional attention, with lawmakers requesting a briefing from Huang on his interactions with Alice Huang and Nvidia's safeguards against espionage. Siemens CEO stated that projects with Nvidia will continue regardless of the leadership change.

(Source:BBC News)