Nvidia CEO Jensen Huang resigned after admitting to an extramarital affair with a woman suspected of being a Chinese spy, sparking concerns over national security. The scandal has led to a $550 billion drop in Nvidia's stock value in five days.
Huang, who was the company's founder and CEO for 33 years, resigned following reports of an affair with Alice Huang, a Chinese executive linked to Megaspeed, a firm that has purchased billions in Nvidia chips. Commerce Secretary Howard Lutnick is also under scrutiny for delays in adding Megaspeed to Washington's blacklist.
The scandal has prompted calls for congressional hearings and investigations into the potential compromise of U.S. technology. Huang's resignation has left Nvidia in turmoil as it seeks a new leader and faces questions about the security of its AI chips.
The White House is under pressure to address the concerns raised by the scandal, with lawmakers demanding accountability and transparency regarding the potential risks to national security.