Nvidia names CFO Colette Kress interim CEO after Jensen Huang steps down

reuters.com [$] —

Colette Kress, Nvidia's CFO, has been named interim CEO after Jensen Huang stepped down amid a scandal, marking the company's first leadership transition without its co-founder. Kress, 59, had long been a counterweight to Huang's risky multibillion-dollar AI investments, clashing over financing deals for OpenAI and infrastructure firms. She helped pare a proposed $250 billion OpenAI data center plan to $120 billion. Investors question whether a finance executive can preserve Nvidia's technological risk-taking, though Kress is seen as a calming presence. Shares fell 14% before closing down 4.3%, and questions remain about her knowledge of Huang's affairs and chip sales oversight.


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