Jensen Huang recently had his bedroom business blasted in the media, making him a viral topic. Now, he’s lost the company he co-founded, Nvidia, over the messy details that include at least three reported extramarital affairs. First, there was the report of his romance with a suspected Chinese spy, then two other women who were allegedly Nvidia employees. Then, on Thursday (Nov. 12), Huang stepped down as CEO, president and board member.
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Details About Jensen Huang’s Resignation
Once upon a time, Jensen Huang rocked the nickname “the Godfather of AI.” A global leader in computer chips. A tech king, practically. Then, the world found out he’s been cheating on his wife, entertaining extramarital affairs. Not once or twice, but three times with three women.
Today, 33 years after co-founding Nvidia, the company announced Huang’s resignation was “effective immediately,” reports PEOPLE. He lost his role as CEO, as president and as a board member of Nvidia. The company’s chief financial officer, Colette Kress, is stepping into his spot in the interim.
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Huang’s Three Affairs Revealed
Earlier this week, amid viral rumors, Jensen Huang admitted that he had cheated on Lori, his wife of more than 40 years. Then, he finally issued a public apology via Nvidia on Sunday, Nov. 8. He said he has no excuses for the affair, and that his actions hurt Lori and their two grown kids, Madison and Spencer. Both kids, and Madison’s husband, work at Nvidia. “I am deeply sorry,” the statement, said. Adding:
“Throughout my life, my family has given me love and support. They deserve my honesty and loyalty. Instead, I let them down and damaged the life we built together. I take full responsibility for what I did and the hurt I caused, and I accept the criticism that comes with it….To my wife and family: I love you,” Huang said. “I know an apology cannot undo what I have done. I hope our family will heal and that, over time, I can earn back your trust.”
Lori and Huang met in college, when he was 17 and she was 19. They studied together every Sunday, he said at an event two years ago. They married five years after meeting, graduated a year apart in the 1980s and went on to build a life together. Earlier this year, even, he gave Lori her flowers for taking “care of everything” without a single complaint as their fortunes increased. “That’s the gift she gave me,” he said.
When Nvidia announced it was investigating whether Huang was a victim of a “foreign intelligence effort” by Alice Huang, known as Huang Le. She’s believed to be part of a “spy plot,” per PEOPLE. Chinese officials have denied the allegations, per AP.
Also, the New York Times reported Wednesday that Huang had a second affair with an Nvidia executive who reports to him. The woman is reportedly named Kimberly Powell, per five unnamed sources who spoke to the publication.
Following Jensen Huang’s resignation, Reuters published an exclusive about his third affair. They did not name the woman, but reported that she was also a Nvidia employee.
Nvidia Shares Sharply Dropping
The company’s stock has been under pressure for weeks, AP reports. That’s due to both reporting about the alleged Chinese spy affair and questions about a potential bubble in the AI sector. Shares fell 5% in afternoon trading on Thursday, more than 30% below the company’s all-time high reached just over a month ago. Currently, the company is valued at more than $4 trillion while making waves in the technology sector.
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Associated Press contributed in part to this report via AP Newsroom.
