Nvidia CEO Jensen Huang resigns amid scandals, CFO Colette Kress takes interim helm

Jensen Huang has abruptly resigned as CEO, president, and board member of Nvidia following revelations of two controversial relationships, including one with a woman suspected of espionage for China. CFO Colette Kress has been named interim CEO of the $4 trillion chip giant. The board launched an inquiry after reports linked Huang to Alice Huang, a Singaporean cloud executive under US investigation for alleged ties to Chinese intelligence and export control violations. A second alleged affair with Nvidia VP Kimberly Powell, reported Wednesday, proved decisive, with analysts calling it a devastating blow to the company's governance. Analysts maintain Nvidia's technological dominance is secure for two to three years, with chip roadmaps and production capacity already locked in. However, JPMorgan cut earnings estimates by 10% due to China-related risks, while the company faces questions about succession and leadership vision beyond its founder's legacy.