Nvidia stock tumbles after CEO Jensen Huang resigns

Nvidia's stock tumbled on Thursday morning after the tech company announced the resignation of CEO Jensen Huang.

Shares of Nvidia dropped about 5% early Thursday, recovering some of the losses from a plunge of more than 13% at the open of trading.

Colette Kress, current executive vice president and chief financial officer, will serve as interim CEO, the company said in a statement on Thursday.

Huang's resignation comes amid reports of Huang's alleged affair with a suspected Chinese spy.

This is a developing story. Please check back for updates.