Nvidia CEO Jensen Huang resigns amid scandal, sending shockwaves through AI industry
Jensen Huang has abruptly resigned as president, CEO, and director of Nvidia amid a scandal involving extramarital affairs, including a relationship with a woman accused of spying for China. The board announced his immediate departure Thursday without providing a justification. CFO Colette Kress will serve as interim CEO while a permanent successor is found. Nvidia's stock fell 13% at market open before recovering to close down 4.3%, following a month of losses. The scandal may also reignite trade tensions between Washington and Beijing, as Huang had advocated for easing chip export restrictions. Huang, who co-founded Nvidia in 1993, remains its largest individual shareholder with about 3.6% of capital. He has agreed to testify behind closed doors before Congress on November 26. Potential successors include Apple's Tim Cook, Nvidia executive Ian Buck, AMD CEO Lisa Su, and Arm's Rene Haas.