Nvidia names CFO Colette Kress interim CEO after Jensen Huang resigns
Nvidia CEO Jensen Huang resigned Thursday, days after admitting to an affair with an alleged Chinese spy, triggering a national security crisis. CFO Colette Kress was named interim CEO, and shares fell over 11% in premarket trading. The board accepted Huang's resignation Wednesday, with Kress continuing as CFO while leading the company. The stock has lost over $300 billion in market value since Friday, raising major questions about Nvidia's future AI investments and industry influence. Huang's departure creates uncertainty around Nvidia's $99 billion in investments and $25 billion in commitments, including credit guarantees for an OpenAI data center. Harvey Jones, a board member since 1993, was appointed as the company's first chair.