Jensen Huang resigns from Nvidia, with no successor in place
Nvidia's co-founder and CEO, who had led the AI chipmaker since 1993, stepped down from the top job and the board on Thursday 12 November with immediate effect.
His departure follows the admission of an affair with Alice Huang, an executive at the Singapore-based company Megaspeed, suspected of channelling restricted Nvidia chips to China, then the New York Times revelations of a second extramarital relationship, with an employee under his direct authority.
The stock fell as much as 14% at the Wall Street open, taking the value wiped out since the affair began past $1 trillion. Colette Kress, chief financial officer since 2013, is serving as interim chief; Harvey Jones becomes the board's first chair, and quarterly results are due on 17 November.
Huang, who has agreed to testify before Congress, leaves a company built around a single man, with no number two and no succession plan.

