Nvidia CEO Jensen Huang resigns; CFO takes over as AI giant faces uncertainty

Jensen Huang resigned as CEO of Nvidia on Thursday, effective immediately, following reports of affairs and national security concerns. The co-founder also left the board, ending his 33-year tenure, with CFO Colette Kress named interim CEO. The resignation followed New York Times reports of Huang's relationship with Alice Huang, a Singapore-based executive U.S. intelligence allegedly identified as a Chinese asset, and a separate affair with a married subordinate. Nvidia shares fell over 14% at Thursday's open, erasing about $830 billion in weekly market value. The board named Harvey Jones as its first-ever chair and will consider internal and external CEO candidates. Analysts note the sudden departure highlights risks of Nvidia's unconventional governance, with rivals AMD and Broadcom gaining about 6% as investors reassess the company's future.