Nvidia CEO Jensen Huang Steps Down, Clouding AI Industry's Future

rnz.co.nz —

Nvidia CEO Jensen Huang has stepped down, creating uncertainty for the AI industry and the chipmaker he built into a $4 trillion powerhouse. Shares fell over 10% in premarket trading, weighing on the broader market. Chief Financial Officer Colette Kress will serve as interim CEO while the company searches for a permanent successor. Former Synopsys CEO Harvey Jones was named Nvidia's first board chairman. Huang, who co-founded the company and holds a 3.61% stake, will also exit the board. The departure follows reports of Huang's affair with a Chinese businesswoman suspected of spying for Beijing and another with a senior company executive. His exit raises concerns about execution, US chip export policy, and the broader AI boom's stability.


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