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Shares in tech giant Nvidia initially dropped 13% on Thursday, before recovering, after it was announced Jensen Huang had resigned as CEO.
Huang’s resignation comes days after he admitted to having an affair and the company said it was opening an investigation into claims he “had been the target of a foreign intelligence effort”.
According to The New York Times, US intelligence officials believed Chinese businesswoman Alice Huang, who had a close relationship with Huang, was a spy for Beijing.
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Rich James is Crikey’s Worm editor. He was previously news director at BuzzFeed Australia, executive news editor at the i paper, senior editor of EMEA at Storyful, and deputy news editor at Metro.
