CEO of Nvidia, Jensen Huang, has stepped down from his position abruptly due to an intense scandal revolving around two affairs, one of which involved a Chinese spy and another with a Nvidia executive. Colette Kress is acting as the interim CEO and the company is on the hunt for a new CEO. Stock price of Nvidia fell dramatically by up to 14 percent after the unexpected resignation of one of the company’s co-founders, while its rivals have gained some ground.