Ousted Nvidia chief Jensen Huang hit with third affair claim as scandal wipes $500bn off chipmaker

Jensen Huang, 63, has stepped down as Nvidia’s chief executive following claims of extramarital affairs, including one with a suspected Chinese spy.

According to The Sun, Reuters has reported a third affair involving an unnamed Nvidia employee, deepening a scandal that has wiped $500 billion from the company’s value.

Huang admitted on Sunday to a relationship with Chinese businesswoman Alice Huang, who US intelligence suspects is a spy. He was then accused of a second affair with Nvidia’s vice president of health care, Kimberly Powell, 48.

Following an emergency board meeting, Huang quit on Thursday, more than three decades after founding the firm. Chief Financial Officer Colette Kress has been named interim CEO.

Nvidia shares lost $200 billion on Thursday alone, while the FBI has launched a major probe into Huang’s relationship with Alice Huang, who is not related to him.

The scandal has also engulfed US Commerce Secretary Howard Lutnick, accused of failing to properly oversee Nvidia’s exports to China.