Nvidia announced Thursday that Jensen Huang is stepping down as CEO of the $4 trillion chipmaker he co-founded 33 years ago, with CFO Colette Kress named interim CEO. The New York Times reported a separate affair with Kimberly Powell, vice president of health care at Nvidia, after earlier reports on his ties to Alice Huang, a businesswoman at Chinese company Megaspeed. Huang, 63, denied compromising national security or Nvidia secrets. The board said Tuesday it hired Wachtell Lipton to investigate the intelligence allegations. Nvidia stock is up about 14-fold since late 2022 despite a recent pullback tied to the scandal.

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