Nvidia shares plunge as founder Jensen Huang resigns as CEO after reports of two affairs

Jensen Huang has resigned as CEO of Nvidia amid revelations of extramarital affairs, including one with a woman linked to Chinese espionage. His departure has led to a significant drop in Nvidia's stock value, losing around $800 billion. Colette Kress, the CFO, will serve as interim CEO while the board searches for a permanent replacement. Huang admitted to being unfaithful and expressed regret in an email to staff. Despite allegations regarding national security risks, Nvidia's board stated there was no evidence of compromised secrets. Shareholders have initiated a class action lawsuit against Huang for not disclosing his relationships.