Jensen Huang has resigned as chief executive of tech giant Nvidia. Shares in Nvidia initially fell 13% on Thursday after the announcement, before recovering.
Nvidia investigation and admission
Huang’s resignation comes days after he admitted to having an affair and after the company said it was opening an investigation into claims he “had been the target of a foreign intelligence effort.” U.S. intelligence officials believed Chinese businesswoman Alice Huang, who had a close relationship with Huang, was a spy for Beijing.
The company has said it is investigating the claims; Huang’s resignation followed those disclosures and the opening of that probe.
