Jensen Huang resigned after 33 years leading Nvidia, the company he co-founded, as its board reviewed his conduct and the possibility of a foreign intelligence operation. He admitted being unfaithful to his wife, while the New York Times reported another affair with an Nvidia executive and a businesswoman identified by U.S. intelligence as a Chinese spy. Huang held about 870.6 million Nvidia shares, or 3.58% of the company, but its one-share, one-vote system gave him no special voting privileges. The board, which could remove the chief executive at any time, appointed Chief Financial Officer Colette Kress as interim CEO and board member Harvey C. Jones as chairman. Nvidia’s stock fell as much as 14% following the announcement before rebounding, while the nearly $4 trillion company represented about 6% of the S&P 500 and 10% of the Nasdaq 100.
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