Turmoil at Nvidia: CEO Jensen Huang resigns

Nvidia CEO and founder Jensen Huang has resigned following reports of his ties to a woman suspected of spying for China and other personal relationships.

Jensen Huang, founder and CEO of chip giant Nvidia, has announced his immediate resignation from all positions, including his departure from the board of directors. The move follows an internal investigation launched by the board regarding Huang's personal relationships, including ties to a woman suspected by U.S. intelligence agencies of spying for China, as well as affairs with a senior company executive. This was reported by CNBC and Calcalist.

Following the announcement, Nvidia's stock saw sharp declines, with the company's market capitalization falling by approximately $888 billion over the past week. CFO Colette Kress has been appointed interim CEO. Further details regarding the appointment of a permanent successor have not yet been released.