Nvidia CEO Jensen Huang resigns after affair allegations widen

Nvidia CEO Jensen Huang resigned after allegations about two extramarital relationships intensified pressure on the AI chipmaker and its board. The company had already opened an investigation led by Wachtell, Lipton, Rosen & Katz into Huang’s reported ties to Alice Huang, a Chinese businesswoman US officials identified as an intelligence asset. A later report said Huang also had a relationship with Kimberly Powell, Nvidia’s vice president of healthcare, who reported to him. BBC reported that Nvidia’s board accepted Huang’s resignation as president, chief executive and board member, and named Chief Financial Officer Colette Kress interim CEO. Nvidia shares fell about 8% in after-hours trading after the latest report.