Jensen Huang admits extramarital affair and resigns as Nvidia CEO

Nvidia confirmed in an SEC filing that the board has accepted CEO Jensen Huang's resignation, with CFO Colette Kress serving as interim CEO. The scandal stems from Jensen Huang admitting infidelity to his wife of 40 years; US officials believe Megaspeed executive Alice Huang, who is close to him, is a Chinese spy feeding information back to Beijing; the Singapore-based company reportedly purchased $4.8 billion of Nvidia chips over the past two years, and the US and Singapore had previously opened investigations into it over suspected violations in providing chips to China. The New York Times, citing five Nvidia employees, reported that Jensen Huang also had an extramarital affair with Kimberly Powell, vice president of healthcare who reports directly to him; Nvidia, Jensen Huang and Powell have not confirmed this; the Wall Street Journal reported that the board was preparing to remove Jensen Huang. Three Republican House committee chairs demanded that Jensen Huang receive a closed-door briefing on the matter, and House China Committee chair Moolenaar said a subpoena could be issued if he refuses; Jensen Huang wrote to employees on November 8 publicly acknowledging the infidelity, and the next day Nvidia's stock fell more than 5%.