What happened

Nvidia announced that Jensen Huang has resigned as CEO. The resignation followed reports of two affairs, including one with an alleged Chinese spy and one with a direct report. According to The Verge, events moved quickly: shortly after The New York Times reported that Huang and the suspected spy were "close," the resignation came.

A third allegation

Hours after the resignation was announced, Reuters reported that Huang also had an "intimate relationship" with another Nvidia employee, widening the scandal.

Support from the industry

According to The Verge, prominent voices in technology came out in support of Huang. Some argued that it was a mistake for Nvidia to let him go. Huang had been one of the central figures in the AI chip market.

Why it matters

Nvidia is the largest supplier of AI hardware. A CEO change is being closely watched for its impact on the company's strategy, customer relationships and investor confidence. It remains unclear how the company will proceed after Huang's departure.