Nvidia CEO Jensen Huang resigns, leaving $4 trillion chipmaker in transition
Jensen Huang has resigned as CEO of Nvidia, creating uncertainty for the $4 trillion chipmaker and the AI industry. CFO Colette Kress will serve as interim CEO while the board searches for a permanent successor. Huang, who co-founded Nvidia, stepped down as president, CEO, and board member with immediate effect. Nvidia shares fell over 10% in premarket trading. The resignation follows reports of extramarital relationships involving a former executive, which prompted a board investigation into whether Huang was targeted by a foreign intelligence operation. Huang's departure comes amid pressure on AI stocks and US-China technology competition. He had pushed to preserve access to the Chinese market and maintained close ties with President Donald Trump. Nvidia has appointed former Synopsys CEO Harvey Jones as its first-ever board chairman.