Nvidia announced that Jensen Huang has left his roles as president and CEO, effective immediately.
CFO Colette Kress takes over as interim CEO and stays on as CFO.
Huang, 63, left after a board meeting, following reports of two extramarital affairs. One reportedly involved a woman who is alleged to be a Chinese spy.
Nvidia stock dropped 10% in premarket trading after the news, extending a slide that has erased roughly $600 billion in market value this week.
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Huang holds around 3.6% of Nvidia and has dozens of people reporting directly to him, which shows how tightly he controls the company he co-founded.
President Trump has described Huang as an honorable person, while congressional leaders are pushing for investigations into possible national security risks.
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