Nvidia CEO Jensen Huang resigns: What it means for AI chip rivals and markets

Nvidia co-founder Jensen Huang has resigned, triggering a leadership transition, US national security probes, and market shifts as the AI chip giant navigates an unprecedented period without its iconic CEO. CFO Colette Kress has become interim CEO while the board searches for a permanent replacement, and Harvey C. Jones was appointed as Nvidia's first chairman. Huang faces potential congressional testimony over reported ties to a businesswoman linked to Chinese intelligence, with lawmakers considering subpoenas. Nvidia shares fell 4.3 percent while rivals Broadcom and AMD gained over 5 percent, reflecting investor bets on spreading AI chip demand. Analysts suggest a slower AI buildout could ease inflation pressures, though Nvidia's stability under new leadership will test the resilience of the AI infrastructure boom.