Share to ClassroomNvidia Boss Quits After Affair Reports
Jensen Huang, who started the chip company Nvidia in 1993, left his job as chief executive on Thursday. He quit after reports that he had affairs — secret relationships outside his marriage. Colette Kress, the company's finance boss, will lead Nvidia until a new boss is chosen. A news report said Nvidia lost $550 billion in value in five days.
Last Sunday, Huang admitted he had not been faithful to his wife of 40 years. Reports had linked him to a businesswoman, Alice Huang. Some reports say US officials think she may be a Chinese spy, but China calls this a lie. Later, reports said he had two more relationships, one with a top Nvidia manager. Another report claimed Alice Huang helped send at least $7.5 billion of Nvidia chips to China, though US rules limit these sales. However, it did not show that Jensen Huang broke the rules on purpose.
Nvidia has asked a law firm to check if Huang was a target of foreign spies. The company says it has no reason to believe any secrets were lost. President Trump said the FBI (Federal Bureau of Investigation) is looking into the case. Huang has agreed to answer questions from Congress. Nvidia makes up about 7% of a major US stock index, so its fall could affect Americans' savings.
