Nvidia CEO Jensen Huang Resigns Following Scandal

Nvidia CEO and founder Jensen Huang has resigned from his position, as reported this morning (Wednesday) by Reuters and CNBC. The move follows public and management turmoil triggered by reports of personal relationships maintained by Huang, including a relationship with a woman U.S. intelligence agencies suspect of spying for China. According to Makor Rishon and Globes, the company's board of directors has already appointed Chief Financial Officer Colette Kress as interim CEO.

The Chinese government has denied allegations that the woman acted as a spy, labeling the reports as smears. Meanwhile, Nvidia's stock has faced sharp declines in global markets due to uncertainty regarding the company's future leadership. Further details regarding the appointment of a permanent CEO have not yet been released.