After a tumultuous week, Jensen Huang has resigned as CEO AI chip making juggernaught, Nvidia.

The exiting CEO faced a reckoning this week after it was revealed that he had an affair which a women believed to be a spy for the Chinese government, according to US officials.

Huang capitalised on the AI race profoundly as Nvidia dominated the AI chip market, becoming the most valuable company in the world on several occasions and inflating the AI stock bubble.

Huang admitted to an affair with Alice Huang (no relation) in a memo to employees. Huang was a former execute of Megaspeed, a Singapore-based company that was beleived by US officials to be smuggling restricted AI chips to China.

Alice Huang was also suspected by the US government to be a spy for China, though Beijing denies this.

It has also been reported that Jensen Huang also had an alleged affair with another Nvidia employee.

Nvidia’s board began an investigation into whether its systems or US national security had been compromised as a result of Huang’s affairs.

On Thursday, the board announced that Huang as resigned from his position as CEO effective immediately.

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For now, Huang will be replaced by the firm’s  chief financial officer Colette Kress.

The turmoil in Nvidia is sending shockwaves across the entire AI industry as it loses one of its prime champions in Huang’s resignation.

The news has seen Nvidia’s stocks plummet by more than 12% in early trading today (November 12th).