Nvidia shares dip as CEO Jensen Huang resigns amid spy probes

Nvidia CEO Jensen Huang resigned Thursday, triggering a 14% opening plunge in shares as the company faces scrutiny over alleged extramarital affairs and ties to a suspected Chinese spy. The departure of the company's longest-serving leader introduces uncertainty for the chipmaker, which had grown to a market cap between Apple and Microsoft.

Colette Kress, the executive vice president and chief financial officer, was named interim CEO. The board also appointed its first-ever chairman, Harvey C. Jones. Investors are now weighing the resilience of the tech giant against potential lawsuits and corporate jockeying as the board considers internal and external candidates for the permanent role.

The resignation follows reports of Huang's relationship with Alice Huang, a former Megaspeed International executive linked to concerns over advanced chip exports to China. While U.S. Officials investigated national security risks, Megaspeed reported soaring assets and Revenue, stating it would cooperate fully with government inquiries into its export controls.

Read the full story at wtop.com.