Jensen Huang resigned as Nvidia’s CEO and left its board after reports of three extramarital relationships. He has acknowledged only his relationship with Alice Huang, an executive whom U.S. intelligence officials reportedly suspected of gathering information for Beijing. Nvidia’s board investigated whether he had been targeted by a foreign intelligence operation but said it had no reason to believe company secrets or national security were compromised.
Chief financial officer Colette Kress became interim CEO. Nvidia shares fell more than 14% at Thursday’s open and closed down about 4.6%. The Financial Times reported that the board approached Arm CEO Rene Haas as a possible successor, while Nvidia called speculation about candidates premature.