Nvidia CEO Jensen Huang Resigns After Scandals, Stock Drops 14%
Nvidia CEO Jensen Huang has resigned amid scandals involving alleged ties to a Chinese woman suspected of espionage and affairs with female employees, causing a 14% drop in the company's stock price. CFO Colette Kress has been named interim CEO. The resignation came just four days after Huang announced an investigation into his relationship with the Chinese woman. Reports describe the departure as an effective dismissal, with Huang reportedly saying "I don't care anymore" and calling himself "garbage." Elon Musk and others have commented on potential successors. Nvidia holds an 80% global share of the AI semiconductor market and has functioned as a financial pillar for the industry, supporting startups with investments and credit. The leadership vacuum has also sparked discussions among White House officials about whether to replace Commerce Secretary Howard Lutnick, who opposed export restrictions on Nvidia chips to China.