Nvidia Faces Leadership Crisis After Jensen Huang Resigns

Nvidia CEO Jensen Huang has resigned following the disclosure of three extramarital affairs, one linked to a suspected Chinese spy, triggering a leadership crisis and market turmoil for the AI chipmaker. CFO Colette Kress has been named interim CEO while the company searches for a permanent successor. Nvidia controls an estimated 90 percent of the advanced AI chip market and is among the world's most valuable companies. Huang's exit caps a tumultuous week, with shares falling more than 14 percent at one point Thursday before closing down 4.3 percent, though retail investors bought heavily on the dip. The resignation raises questions about US chip export policy, given Huang's push to preserve Chinese market access and ties to President Donald Trump. Lawmakers are investigating national security implications, and Huang has agreed to testify before congressional committees. Candidates for the top job include Kress, engineer Ian Buck, Arm CEO Rene Haas, AMD's Lisa Su, and former Apple chief Tim Cook.