Nvidia (NVDA) stock tanked Thursday after Jensen Huang resigned as CEO. The company's CFO, Colette Kress, will serve as the interim head of the business until a permanent successor is named.

Nvidia stock dropped as much as 13% on the news before paring losses.

The leadership shakeup followed a series of allegations of Huang's extramarital affairs with a customer and two employees.

On Nov. 8, Huang admitted to an affair believed to be with Alice Huang, a woman alleged to be a Chinese spy. The revelation embroiled the company in scandal this week, which only intensified after a report from The New York Times on Wednesday alleged that he also had a relationship with Nvidia executive Kimberly Powell. The company's board met on Wednesday night and decided to oust Huang.

On Thursday, Reuters reported that Huang had a third affair with a second Nvidia employee, who remained unnamed, as the fallout from the scandal spread.

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