Key insights
- Nvidia CEO Jensen Huang has resigned following reports of a second affair. This news comes after an initial affair admission caused an 8% stock drop, and the company's market value has fallen significantly. The board had previously expressed confidence in Huang. His departure creates uncertainty days before the company is set to release quarterly results.

Should we buy/sell or hold? I'm thinking it will tank further to maybe even 130ish. Then Buy, but what do I know. Jensen Huang resigns from Nvidia after reports of second affair Nvidia boss Jensen Huang has resigned as the firm's CEO, president and a member of the board after reports he had a second affair emerged last night. The co-founder of the computer chip maker, one of the world's biggest firms, had already admitted to having one affair, though he did not say who with. US media has reported it was with an alleged Chinese spy. The company's board met as shares fell 8% in overnight trading after reports of Huang's second affair, allegedly with a Nvidia executive who reports to him. Shares were down nearly 14% after Huang admitted the first affair at the weekend, a loss of more than $600bn (£452bn) in the firm's value. It was only on Sunday that the Nvidia board expressed confidence in Huang and his leadership team. Under the company's bylaws, Huang can be removed "with or without cause" by a majority vote of the directors. Huang's departure would leave a vacuum at the roughly $4trn (£3trn) chipmaker that he co-founded and built up over more than three decades. The turmoil gripping the company comes days before investors are set to hear its financial performance and outlook, with quarterly results due on 17 November.