Jensen Huang Resigns as Nvidia CEO Amid Independent Probe Into Security and Conduct
Huang's resignation follows a board investigation into whether he was targeted by foreign intelligence, with Kress inheriting leadership of the $4.5 trillion chipmaker during a critical period.
- On Thursday, Nvidia founder and CEO Jensen Huang resigned effective immediately as president, CEO and board member, with CFO Colette Kress named interim CEO and Harvey C. Jones appointed as the company's first-ever board chairman.
- Revelations of two extramarital affairs—one with Alice Huang, a former Megaspeed executive suspected by U.S. intelligence of Chinese espionage, and another with Kimberly Powell, an Nvidia vice president—intensified pressure on the CEO.
- Nvidia shares plummeted more than 10% in premarket trading Thursday, erasing more than $600 billion in market value during the week as investors reacted to the leadership vacuum.
- Nvidia's board launched a search for a permanent successor considering internal and external candidates, while confirming third-quarter fiscal 2027 earnings will release as scheduled Tuesday, November 17.
- Market intelligence firm Morningstar warned that Huang's exit could lead to less AI dealmaking and greater regulation, threatening the stability of the ecosystem he helped bankroll through Nvidia's infrastructure investments.
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1112 Articles
Nvidia CEO Jensen Huang’s Abrupt Resignation: A Timeline of How the Scandal Unfolded
Internewscast Internewscast Jensen Huang’s exit from Nvidia brings a chaotic week at the chip… This Post: Nvidia CEO Jensen Huang’s Abrupt Resignation: A Timeline of How the Scandal Unfolded first appeared on Internewscast
A national-security scandal takes Jensen Huang out just as the AI bills come due
The alleged Chinese intelligence honeypot is the fun part of Jensen Huang's fall, but the balance sheet may prove more problematic. Huang bows out of Nvidia just in time for a new CEO to explain how much of the AI boom depends on Nvidia investing in, financing, and backstopping the companies buying Nvidia chips. — Read the rest
The Bakersfield Californian
Jensen Huang built the company that powers AI. Now Nvidia must find a way forward without him
Nvidia CEO Jensen Huang has resigned, capping a spectacular downfall for a poster boy of the artificial intelligence boom. His exit on Thursday followed reports of extramarital affairs, and it thrusts the chipmaker into an uncertain future. The resignation came…
Jensen Huang has resigned as CEO and member of the board of directors of Nvidia. Taiwanese based in the United States has not been able to resist the novel plot of sex, power and alleged espionage in which he has been immersed and has left the company after it was known that he had a relationship with an alleged Chinese spy.
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