Nvidia CEO Jensen Huang quits in wake of affair with suspected Chinese spy, as firm's stocks plunge

BBC update

JENSEN Huang has resigned as CEO of tech giant Nvidia, the company's board says, with chief financial officer Colette Kress appointed interim boss.

The company's shares have recovered some ground after initially plummeting more than 13% when US markets opened shortly after news of Huang's resignation.

It comes after the New York Times reported that he had a second affair with an executive at his own company.

On Sunday, Huang admitted to an affair with a woman, who was reportedly from another company and suspected to be a Chinese spy.

Huang steered Nvidia to enormous success, and in an extraordinary and strangely old-fashioned tale, he was ultimately undone by his love life, our technology and AI editor writes.

Meanwhile, Beijing has warned the US not to use the spying allegations as a pretext to once again restrict tech sales to China.

Nvidia is already investigating the affair Huang has admitted to, as is the FBI.