Nvidia former CEO Jensen Huang resigned from his post on 12 November. Following his resignation and controversies linked to his relationships, the FBI and the US Parliament have launched an investigation. Following his departure, Collette Cress has been appointed as the interim CEO of Nvidia.

investigations and media claims

According to Reuters, Jensen Huang also had a relationship with another female employee. Meanwhile, the Wall Street Journal claims that Jensen did not resign voluntarily, but was removed from his post by the board. Meanwhile, investigations are also ongoing into allegations against Alice Huang regarding supplying chips to China and obtaining secret information.

impact on market value and net worth

Following this sequence of events, Nvidia's market value dropped from 5.5 trillion dollars to around 4 trillion dollars. Along with this, a massive decline of 6.92 lakh crore rupees was recorded in Jensen Huang's total net worth.

Amid the controversies, Jensen Huang is scheduled to appear before the US Parliament on the upcoming 18 November. The FBI and the Department of Justice are investigating this matter jointly, while the identity of a third female employee has not been made public yet.