Nvidia CEO Jensen Huang has resigned as president, CEO, and board member effective immediately on Thursday following reports that he had an affair with a Chinese businesswoman whom US authorities suspect of spying for Beijing. Nvidia's board met on Wednesday to consider his ouster, a person familiar with the matter said, after reports earlier in the day that the now-former CEO also had an extramarital affair with a senior company executive who reported to him.Huang's exit plunges the $4 trillion company into uncertainty and threatens to disrupt an AI ecosystem that he helped bankroll by pouring Nvidia's swelling cash pile back into cloud providers, suppliers, and the industry's biggest labs.Investor sentiment toward AI stocks has already been shaky as soaring cash burn and rising debt at traditionally cash-rich tech giants fuel doubts over whether the AI boom will pay off.The departure could also have far-reaching consequences for US chip export policy, given Huang's push to preserve access to the Chinese market and his close ties with US President Donald Trump.Trump said on Sunday that Huang had "done an amazing job for our country" and that the Nvidia chief had told him he had no idea the Chinese woman he had an affair with was a spy.Who is Alice Huang, the woman at the center of the Nvidia scandal?Much of Alice…
Jensen Huang steps down as CEO of Nvidia as suspected Chinese spy reportedly returns to Beijing
The Chinese government has denied that the ex-CEO's mistress, Alice Huang, was a spy, calling the allegations "purely unsubstantiated and directed at smearing China.”
In brief
Nvidia CEO Jensen Huang has resigned as president, CEO, and board member effective immediately on Thursday following reports that he had an affair with a Chinese businesswoman whom US authorities suspect of spying for Beijing. Nvidia's board met on Wednesday to consider his ouster, a person familiar with the matter said, after reports earlier in the day that the now-former CEO also had an extramarital affair with a senior company executive who reported to him.Huang's exit plunges the $4 trillion company into uncertainty and threatens to disrupt an AI ecosystem that he helped bankroll by pouring Nvidia's swelling cash pile back into cloud providers, suppliers, and the industry's biggest la…
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