Nvidia CEO Jensen Huang resigns; CFO Colette Kress named interim CEO
· 6 sources
Outlets report Jensen Huang has left as Nvidia CEO amid affair allegations, and the board has named CFO Colette Kress interim chief executive.
What happened
Jensen Huang has resigned as CEO of Nvidia, according to Yahoo Finance, CNBC, The Guardian, Axios and Reuters. CNBC reports the resignation takes effect immediately, while Bloomberg describes it as an ouster by the board.
Yahoo Finance reports the board named CFO Colette Kress as interim CEO. It says the departure follows reports that Huang had an affair with a fellow executive at the company, and that he admitted to a separate affair with a woman whom US intelligence officials believe is a Chinese spy.
Axios describes Huang as an architect of the AI boom, and Reuters calls his exit a big blow to that boom. The accounts differ on whether he stepped down or was pushed out, and the sources describe the affairs as alleged.
Context
Nvidia is a major maker of chips used in artificial intelligence, and Huang has long been closely identified with the company's public image.
Why it matters
A sudden change at the top of a company so central to the AI sector may draw close attention from investors and the broader technology market.
Stocks in this story
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