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On Monday, President Donald Trump stated the FBI is investigating Nvidia CEO Jensen Huang regarding an alleged affair with a Chinese government agent, calling Huang a "very honorable man" at a White House briefing.Ministry of Foreign Affairs spokesperson Guo Jiakun denied the allegations on Monday, calling them a "smear campaign against Beijing," while the state-owned Global Times claimed the report aims to disrupt improving China-US relations.Nvidia shares dropped roughly 5% in pre-market trading early Monday as Huang previously lobbied Washington to permit sales of advanced H200 and H20 chips to China, winning approval from Trump this year.Huang told Trump he...

Jensen Huang is out at Nvidia. The embattled CEO resigned Thursday over reports of two extramarital affairs—one with an alleged Chinese spy, the other with a company exec who reported to him, reports the Wall Street Journal and the BBC. His scandal has rocked the world of technology given that Nvidia is vital to the AI industry and Huang is vital to Nvidia. Finance chief Colette Kress will serve as interim CEO, but the path to picking a permanent successor is murkier because Huang had no clear second-in-command. Nvidia shares fell 10% on the news, on top of earlier losses...

Nvidia CEO Jensen Huang and alleged Chinese spy Alice Huang aren't the only Huangs making headlines in the wake of their affair. Outlets including the New York Times have turned their lens on Lori Huang, the low-profile engineer-turned-philanthropist who married Jensen Huang in 1985 and has spent the past 40 years by his side. Forced into the spotlight with her husband's public apology, the 64-year-old president of the Jen-Hsun Lori Huang Foundation helped her husband launch his chip start-up and could now receive half his fortune, currently worth around $62 billion, should the couple divorce, per SFist. It could be...

Nvidia CFO Colette Kress, who usually begins her day talking to the company's Israeli executives, talks to "Globes" about the chips behind the AI revolution.

Nvidia CEO Jensen Huang resigned Thursday after his extramarital affair raised national security concerns, in a spectacular downfall for the longtime head of the chipmaker, a vital player in the artificial intelligence boom. Huang faced growing calls to resign after his affair with a Chinese businesswoman who reportedly was also acting as a spy for Beijing. His troubles compounded late Wednesday after media reports said Huang had another extramarital affair with an Nvidia employee who reported to him. The ouster sets off a scramble to find a permanent replacement to lead Nvidia, which did not have a succession plan. The...

Nvidia (NVDA) stock tanked Thursday after Jensen Huang resigned as CEO. The company's CFO, Colette Kress, will serve as the interim head of the business until a permanent successor is named. Nvidia stock dropped 13% on the news before paring losses. The leadership shakeup followed a report from The New York Times on Wednesday that embattled Nvidia (NVDA) CEO Jensen Huang was allegedly involved in a second extramarital affair. The company's board was reportedly meeting on Wednesday night to determine if it will oust Huang as chief executive, the Wall Street Journal reports. According to the report, Huang, whose relationship...

Jensen Huang, the leader of Nvidia who is under investigation for an affair with a woman who U.S. intelligence determined is a Chinese spy, also had an extramarital relationship with an executive who reports to him, according to five people who worked at the company. The relationship, which has not been previously reported, was with Kimberly Powell, Nvidia’s vice president of health care, said the people, who spoke under the condition of anonymity to describe sensitive information. Under Nvidia’s code of conduct, employees are told to “avoid situations where our actions create conflict” including “personal relationships,” and the company states...

Nvidia’s board of directors is moving to “oust” embattled CEO Jensen Huang after he had two alleged affairs, one with an executive in the company and another with a suspected Chinese spy. The Wall Street Journal broke the news on Wednesday evening after Nvidia’s stock closed slightly up for the day. “The board is preparing to meet as soon as today to determine his future, people familiar with the matter said,” reported the WSJ. The New York Times appeared to put the final nail in Huang’s coffin on Wednesday when it reported that he had a second affair, amid the...

Nvidia’s board of directors announced Sunday that it’s launching an independent investigation following reports that CEO Jensen Huang was targeted by a Chinese spy operation. Nvidia also published a message that Huang sent to the company admitting that he had an affair with Alice Huang, a former executive at Singapore-based chip company Megaspeed (though he didn’t mention her by name). A memo circulating among U.S. policymakers earlier this year claimed that Alice Huang had been recruited by China’s Ministry of State Security to spy on Nvidia’s CEO. “I owe my family and all of you an apology,” Jensen Huang wrote....

Nvidia’s chief executive Jensen Huang has admitted having an affair two days after the FT reported his alleged romantic relationship with a woman the US intelligence community believes was working as a spy for China’s Ministry of State Security. Huang revealed the affair in an internal message to employees on Sunday that was obtained by the FT. “I owe my family and all of you an apology,” he said in the message on Sunday afternoon. “I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did I am deeply sorry”....

Nvidia CEO Jensen Huang faces fresh affair allegations involving healthcare VP Kimberly Powell, following earlier reports about his alleged relationship with Alice Huang, a suspected Chinese spy.