Nvidia CEO Jensen Huang resigns amid affairs, shaking AI industry

fortune.com —

Nvidia CEO Jensen Huang has resigned following reports of multiple affairs, creating uncertainty across the AI industry and threatening to destabilize the sector's valuation. CFO Colette Kress has been named interim CEO, with Harvey Jones appointed board chair to lead the search for a successor. The scandal has already impacted Anthropic's IPO, with analysts predicting a 10-20% valuation haircut amid investor confidence concerns. Huang's resignation removes a leading voice against AI regulation and export controls, potentially shifting U.S. policy. Nvidia shares fell 4% at market open, while competitors like AMD and Google may benefit from nervous customers seeking alternative chip suppliers.


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