What We Know After Jensen Huang Resigns as Nvidia's CEO
Company shares fell 5% on Thursday amid the leadership transition and ongoing investigations into the co-founder’s conduct, according to market analysts.
- On Thursday, Nvidia CEO Jensen Huang resigned effective immediately, with chief financial officer Colette Kress stepping in as interim CEO and Harvey C. Jones named as the company's first-ever chairman.
- Reports surfaced over the weekend of Huang's affairs with former Megaspeed executive Alice Huang and an unnamed Nvidia executive, prompting his Sunday apology where he wrote, 'My actions hurt her and our children.'
- Intelligence agencies suspect Alice Huang fed information to Beijing; China's Foreign Ministry called the allegations 'unsubstantiated,' while Singapore-based Megaspeed International maintains it complies with export control laws.
- Nvidia shares fell about 5% by midday Thursday as the board seeks a permanent CEO replacement, though President Donald Trump defended Huang as an 'honorable guy.'
- House Democratic leader Hakeem Jeffries criticized the administration for repeatedly supporting corporate figures, while Trump confirmed the FBI is investigating Huang's affair with Alice Huang.
52 Articles
52 Articles
Nvidia founder Jensen Huang resigned after a scandal involving two affairs
Nvidia founder Jensen Huang resigned after a scandal involving two affairs.Huang has resigned from the positions of president, CEO and member of the board of directors with immediate effect, the company said in a press release. Colette...
In front of the Nvidia logo and on stage in black leather jacket, Jensen Huang is at the center of an abrupt change of leadership. The long-standing head of the chip group resigns, for the time being Chief Financial Officer Colette Kress takes over.
Nvidia CEO Jensen Huang quits over twin affairs; Kress takes charge as interim CEO - The Tribune
Nvidia CEO Jensen Huang resigned on Thursday after his alleged extramarital affairs raised national security concerns, in a spectacular downfall for the longtime head of the chipmaker, a vital player in the artificial intelligence boom. The company named Colette Kress as interim chief executive. She is the current executive vice-president and chief financial officer. Huang […]
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