Nvidia CEO Jensen Huang has reportedly resigned after revelations of two alleged extramarital affairs, including one involving a woman accused of spying for China. The departure marks the end of his 33-year leadership of the AI technology giant, which he co-founded.

The company’s Chief Financial Officer, Colette Kress, will reportedly take over as interim CEO while the board searches for a permanent successor. Huang has also stepped down from his position on the board, although Nvidia has not officially disclosed the reason for his departure.

The announcement triggered a sharp fall in Nvidia shares, which reportedly dropped as much as 13% in early trading. The development has raised concerns about the company's leadership and future direction, with around $800 billion reportedly wiped off its market value since the weekend.