Jensen Huang resigns as Nvidia CEO

Jensen Huang resigned as CEO, president, and board member of Nvidia on November 11. Nvidia announced the change on November 12. The departure follows an independent board investigation into reports of two extramarital affairs. Reports say one relationship was with Alice Huang, whom the U.S. intelligence community believes is a Chinese state agent. Reports also claim Huang had a relationship with a direct report.

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Huang apologized for being unfaithful in a November 8 memo to employees. Reports say the FBI is investigating his affair with Alice Huang. The firm stated that U.S. national security and its secrets face no known compromise. Following reports of the second affair, Nvidia shares fell 8 percent.

Colette Kress, the company's CFO since September 2013, is now interim CEO. The board is searching for a permanent successor among internal and external candidates. Harvey C. Jones is now the first chair of the board.

Nvidia says its operations, customer commitments, and product roadmaps will continue without interruption. The business has announced no changes regarding AI hardware or GeForce RTX graphics cards. The board's statement regarding the leadership change did not mention gaming or PCs. Nvidia's next quarterly earnings report is scheduled for November 17.