Nvidia CEO Jensen Huang resigns amid 'spy' affair; Colette Kress named interim chief

Nvidia CEO Jensen Huang has resigned from his positions as president, chief executive officer and board member with immediate effect, the company's board announced on Thursday, amid mounting scrutiny over a reported affair with a woman whom US authorities suspected of having ties to Chinese intelligence. The scandal exploded further on Wednesday after reports emerged of a second affair involving Kimberly Powell, Nvidia's vice president of healthcare, who was said to report directly to Huang.

Huang, who co-founded Nvidia and is its fourth-largest



investor with a stake of about 3.61 per cent, saw the company's shares tumble more than 13 per cent, putting Nvidia on course to lose about USD 500 billion in market value and dragging the global AI-linked stocks.

Colette Kress, Nvidia's Executive Vice President and Chief Financial Officer, has been appointed interim CEO. She will continue to hold the CFO position while leading the company until a permanent successor is named.

The board has initiated a search for a permanent CEO and will consider both internal and external candidates.