It never fails; a powerful man can’t keep it in his pants. Nvidia’s CEO, Jensen Huang, is the latest example of a CEO caught cheating on his wife, but this time there are national security implications.
Following reports of Nvidia’s board of directors having discussions on how to deal with its philandering CEO after reports surfaced of Huang having an affair with an alleged Chinese spy, Huang has decided to step down.
Huang co-founded the chipmaker 33 years ago and helped build it into a $4 trillion company that helped push the artificial intelligence boom.
CFO Colette Kress has been named interim CEO.
“The Board has full confidence in Colette and the leadership team, and we expect the company’s operations, customer commitments and product roadmap to continue without interruption,” said board chair Harvey Jones in a release.
Jensen Huang Also Had A Second Affair
Huang’s resignation also comes on the heels of reports that he had another affair with Nvidia executive Kimberly Powell, who joined the company in 2008 and heads the company’s healthcare business.
As expected, the news of Huang’s affair sent Nvidia’s stock tumbling; it plunged over 10% and erased -$750 billion in market cap. So you know once that happens, the board of directors, who at one point were still backing Huang, are now saying, like, whoa, our bottom line is taking a hit here.
But it’s Huang’s affair with the alleged Chinese spy that is raising major red flags due to its national security implications.
Last month, the New York Times reported that U.S. intelligence services believed the woman involved in the alleged affair, Alice Huang, a former Megaspeed executive, was possibly acting as an intelligence agent and reporting back to the ruling party in Beijing.
Huang, 63, did apologize on Sunday for being “unfaithful to my wife,” and also pushed back on allegations that he compromised national security or divulged Nvidia secrets during pillow talk.
Also caught up in this mess is President Donald Trump, who developed a close bond with Huang, who, along with Nvidia, has contributed to Trump’s political and civic initiatives.
Huang became one of the loudest voices on the U.S.’s AI policy and, at the same time, pushed Nvidia’s interests, specifically lobbying for chip exports to China.
This past May, Huang joined Trump on a trip to China, and while on stage at an All-In Summit to discuss AI safety and regulation, the President called in, and Huang put him on speakerphone, with Trump telling Huang and the audience, “I’m with you all the way.”
Donald Trump Claims He Didn’t Know About Huang Sleeping With An Alleged Spy
As expected, Trump claimed he didn’t know about the allegations when he invited Huang to join him on the trip to China, even though the Washington Post reports that U.S. officials, including Secretary of State Marco Rubio and CIA Director John Ratcliffe, briefed the administration on concerns about Alice Huang’s ties to the Chinese government.
So if Trump thinks this will go away, he better think again because when Democrats take over the government in January, you can most definitely they will look into this matter as part of their oversight duties.
It looks like both Trump and Huang could be in some serious trouble.
You can see what the internet is saying about Huang’s infidelity and stepping down below.