Colette Kress takes over as interim CEO of Nvidia after Jensen Huang's resignation

Colette Kress has taken over as interim CEO of Nvidia following the resignation of founder Jensen Huang, thrusting the company's longtime chief financial officer into the spotlight at one of the world's most important tech firms. Kress, who spent 13 years at Nvidia, played a key role in the company's rise as a major beneficiary of the AI boom. She previously worked at Cisco and Microsoft, and her stock holdings were valued at around $800 million as of Wednesday's market close. In her first message to staff, Kress acknowledged the company is facing "an extraordinarily difficult time" and thanked employees for their professionalism. Analyst Patrick Moorhead noted Kress has deep knowledge of Nvidia's products, from data center servers to software.