Nvidia announced Thursday the immediate resignation of CEO Jensen Huang after he admitted to an extramarital affair with an alleged Chinese spy. The New York Times also reported that he had an affair with company vice president Kimberly Powell, a claim neither Nvidia nor Powell has publicly addressed. Colette Kress, who joined Nvidia in 2013 after senior finance roles at Cisco and Microsoft, was named interim CEO, but the company-wide employee meeting is not until November 18, six days after the announcement. Public relations experts said the delay is too long, although they praised Kress’s tone, and urged her to provide earlier updates on the investigations and next steps. Nvidia, the first company to surpass a $4 trillion market capitalization, has fallen below that level, while the US Justice Department is considering an antitrust investigation into the chipmaker and two separate probes involving Megaspeed and Supermicro.
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