- Jensen Huang was involved in two cheating scandals, one with a Chinese spy.
- The Nvidia CEO was under investigation, with fears he might be fired by the board.
- He himself has now officially resigned as Nvidia CEO amid the cheating scandal.
Nvidia made headlines this week when its CEO admitted to having an affair with an alleged Chinese spy woman. He has been under investigation by the board, but if that wasn’t bad enough, another affair with a company executive emerged.
This tarnished his and the company’s reputation, and there were talks of removing him from his position. However, in a new development, Jensen Huang has officially stepped down as the Nvidia CEO after 33 years.
Why it matters: The company saw its stock disappear in just a few days as its market cap fell by over a trillion dollars, so to regain trust, this seemed like a necessary move.
Huang, who co-founded the company in 1993, headed it for over 30 years. While he would’ve wished for a more elegant send-off, the circumstances he himself created have led to an exit in shame.
He will be replaced by the company CFO, Colette Kress, who will act as the interim CEO until they find a permanent candidate. Also, for the first time, Nvidia has hired a Chairman, which is a major change, as it had solely relied on Huang.
The first affair surfaced earlier this week, and Huang took responsibility for it and apologized to his wife and children for cheating. But the nail in the coffin was the 2nd affair with an exec, which emerged yesterday.
Despite all the circumstances around his eventual resignation, Jensen Huang did take Nvidia to absolute highs. It became the first company to hit a $5 trillion market cap; unfortunately, he completely ruined his legacy.
What are your thoughts on Jensen Huang stepping down as Nvidia CEO following two scandals? Let us know your opinions in the comments or join the discussion at the official Tech4Gamers Forum.
Thank you! Please share your positive feedback. 🔋
How could we improve this post? Please Help us. 😔
News Reporter
Abdullah is an avid gamer who primarily plays single-player titles. If you can’t find him anywhere, he’ll probably be at his desk playing The Witcher 3 for the millionth time. When he isn’t playing games, he’s either reading or writing about them.
Join Our Community
