Huang steps down amid reports of two extramarital affairs, one involving a woman alleged to be a Chinese spy
Former Nvidia CEO Jensen Huang seen in a picture with Alice Huang, a woman alleged to be a Chinese spy. Clash Report/X
Nvidia said on Thursday that Jensen Huang had resigned as president and CEO effective immediately.
Huang, 63, stepped down following a board meeting amid reports of two extramarital affairs, one involving Alice Huang, a woman alleged to be a Chinese spy.
In a press release, the company stated that Chief Financial Officer Colette Kress had been appointed as interim CEO while keeping her existing roles.
Read: Could Nvidia lose longtime CEO Jensen Huang amid growing controversy? Company’s board weighs leadership change
Nvidia shares fell 10% in US premarket trading after the announcement, adding to a decline that had wiped out about $600 billion in market value this week.
Huang owns about 3.6% of Nvidia’s stock and has dozens of direct reports, underscoring the tight control he maintained over the company he co-founded.
US President Donald Trump had earlier called the Nvidia chief “an honourable guy”, while congressional leaders called for investigations into national security risks.
