CEO Huang of chip company Nvidia resigns immediately due to scandals

Jensen Huang, co-founder and CEO of Nvidia, has stepped down amid allegations of an affair with a colleague, Kimberly Powell. This follows previous claims of his involvement in a spy scandal. Huang's leadership style was notably solitary, with many managers reporting directly to him. Nvidia's board is now searching for a successor, while the company's stock dropped over 8% following the news. Investors fear that Huang's departure could impact Nvidia's financial support for AI companies. Elon Musk expressed his respect for Huang, highlighting Nvidia's role as a key supplier for Tesla.