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Trump had urged Jensen Huang to fight for his job: report
Huang's departure follows board investigations into his personal relationships and allegations involving a Chinese businesswoman, with Nvidia losing approximately $300 billion in market value.
Nvidia CEO Jensen Huang is stepping down following scrutiny over his personal life, with Chief Financial Officer Colette Kress assuming interim leadership while the board searches for a permanent successor.
The board launched an investigation Sunday into Huang's relationship with Alice Huang, a businesswoman US authorities suspect of spying for China; Nvidia has lost about US$300 billion in market value since.
President Donald Trump called Huang on Tuesday, urging the executive to fight for his job, and previously stated he had "done an amazing job for our country," the New York Times reported.
Kress stated the company will "continue advancing the work that has made Nvidia a leader in accelerated computing," as Huang's departure creates uncertainty for the AI ecosystem he helped bankroll.
Nvidia is scheduled to present third-quarter fiscal 2027 financial results on November 17, a key test as the company navigates the leadership transition and US chip export policy uncertainties.