Nvidia CEO Jensen Huang resigns, Colette Kress named interim chief

Nvidia announced that Jensen Huang is stepping down after 33 years leading the chipmaker he co-founded, which grew into a roughly $4 trillion company at the center of the AI boom. Chief Financial Officer Colette Kress will serve as interim CEO while the board considers internal and external candidates for a permanent successor; the board says operations, customer commitments and product plans will continue uninterrupted. The resignation followed reports of Huang’s relationships with two women, including Alice Huang, whom U.S. intelligence officials reportedly suspect of ties to China, and Nvidia executive Kimberly Powell. Huang apologized for being unfaithful to his wife but gave no details. A person familiar with the board’s decision said it moved to oust him after the second report. Huang has also agreed to testify before Congress before Thanksgiving and hired the law firm Paul Weiss, though the reason was not disclosed.

The departure raises questions about Nvidia’s succession, governance and role in U.S. AI policy. Analysts warned that losing Huang, a prominent advocate for AI and the company’s technology leader, could weaken the U.S. position against China; one cut his Nvidia price target while retaining a positive rating. Reports that organizations linked to Alice Huang may have helped divert AI hardware to China have prompted a Justice Department investigation, sending Super Micro shares down 12%. Huang’s close relationship with President Donald Trump and his lobbying for China chip exports add political scrutiny. A proposed investor class action claims losses tied to the disclosures, and a corporate law professor said the resignation could strengthen shareholders’ arguments about damages and alleged misrepresentations.