Nvidia Huang Resignation Scandal

Nvidia CEO Jensen Huang Resigns Amid Spy Scandal

Nvidia CEO Jensen Huang has resigned effective immediately, the company's board announced Thursday, after reports of extramarital affairs, including one with an alleged Chinese spy, fuelled a market sell-off. CFO Colette Kress will serve as interim chief executive. Nvidia shares fell 13% at Thursday's opening, with the chipmaker set to lose $700 billion in value as losses extended.