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Huang Misled Nvidia Execs

Huang Misled Nvidia Execs

Jensen Huang resigned as CEO of Nvidia on Thursday after internal correspondence revealed that he had misled several company leaders about his relationship with Chinese businesswoman Alice Huang, portraying his dealings with her and her company, Megaspeed, as routine business interactions. Huang had apologized for being unfaithful to his wife and letting the company down, while the board commissioned a law firm to conduct an independent investigation into the matter. Nvidia shares have fallen more than 30% since their peak on October 6, wiping out more than $1.8 trillion in market value.

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