The Latest: Nvidia CEO Jensen Huang Resigns After His Affair Raises US Security Concerns
The board said operations and product plans will continue without interruption as it searches for a permanent successor.
- Nvidia CEO Jensen Huang resigned following investigations into alleged affairs involving a suspected Chinese intelligence operative. The board appointed Executive Vice President and Chief Financial Officer Colette Kress as interim CEO.
- Revelations emerged that Huang engaged in affairs with Alice Huang, a Megaspeed executive investigators identified as a suspected Chinese intelligence operative. Reports suggested she sought to influence Nvidia to increase advanced chip availability in China.
- Nvidia shares tumbled 14% as the Nasdaq fell 1.5% amid investor uncertainty. Shares had already faced pressure for weeks due to affair reporting and concerns about a potential bubble in the AI sector.
- Singapore authorities banned Alice Huang from the country after investigating Megaspeed over suspected false declarations regarding server purchases. Megaspeed chairman Tan Yong Pong pledged to cooperate with Washington investigations into potential national security risks.
- Nvidia reportedly maintains a lead of two to three years over its nearest competitor, and the demand trajectory for its chips remains unchanged despite the leadership transition. Analysts remain optimistic about the firm's technological edge.
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76 Articles
Nvidia CEO Jensen Huang resigns in big blow to AI boom | Honolulu Star-Advertiser
Nvidia CEO Jensen Huang has stepped down, leaving the artificial intelligence industry without its biggest champion and clouding the future of the chipmaker he built into an AI powerhouse.
(San Francisco = Yonhap News) Correspondent Kwon Young-jeon = CFO Colette Kress, who took over as Nvidia's interim CEO following Jensen Huang's resignation, [addresses] employees...
Watch What We Know About Nvidia's Interim CEO Colette Kress
Nvidia has named Chief Financial Officer Colette Kress as interim CEO taking over for Jensen Huang. She's been in the position for 13 years and will stay on as CFO as well. Sara Araghi, Franklin Templeton portfolio manager, says she is a great choice. Araghi speaks on "Bloomberg Tech."
Jensen Huang resigned as Nvidia's executive director after admitting extramarital relationships.
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Markets mourn the march of their strong man of artificial intelligence (IA). Jensen Huang's sudden resignation this Thursday, just a few hours after the council maneuvered to remove him, has shaken some Bags already cassed by doubts about the AI business. The departure of the co-founder of Nvidia, an American of Taiwanese origin, arrives days after his two extramarital relations, one of them with an alleged Chinese spy, became known.
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