Jensen Huang has stepped down as chief executive of Nvidia, the company he co-founded in 1993, following reports of multiple extramarital affairs.

Nvidia CEO Jensen Huang is resigning after his affair raises national security concerns. The company named Colette Kress as interim CEO on Thursday. She is the current executive vice president and chief financial officer.

Jensen Huang has resigned from his role as the head of the AI chipmaker over his reported affair with a suspected Chinese spy.

Huang resigned from the company amid a scandal in which he admitted to having an affair with an alleged Chinese spy, the company announced on Thursday.

Nvidia shares have plummeted in recent days since Huang admitted to the first affair, which was with an alleged Chinese spy.