Nvidia CEO Jensen Huang resigns amid affair and espionage allegations; CFO Colette Kress named interim chief

Jensen Huang resigned as CEO of Nvidia on Thursday following revelations about alleged extramarital affairs, including one with a company executive and another with a woman suspected by U.S. authorities of espionage for China. The board named CFO Colette Kress as interim CEO. The board met for several hours Wednesday night and appointed Kress, executive vice president and CFO, as interim president until a permanent successor is chosen. The company will begin a selection process considering internal and external candidates, while acknowledging Huang's "invaluable contributions" to the firm and industry. Huang, 63, co-founded Nvidia in 1993 and led it for over three decades, building a semiconductor powerhouse controlling about 90% of the AI chip market. He held a 3.56% stake and had close ties to President Donald Trump, who recently called him an "honorable man."