Jensen Huang, the chief and co-founder of Nvidia, has resigned. The company’s board of directors issued a corresponding announcement on Thursday before the US stock market opens, ending days of speculation. Colette Kress, the current Executive Vice President and Chief Financial Officer (CFO) of Nvidia, has agreed to temporarily take over the CEO position. Huang served as the chief of the company for 33 years and was instrumental in its growth. The resignation comes just a few days after the board announced that it intended to investigate whether Huang was the target of a foreign intelligence operation. Previously, there had been reports regarding a relationship with a woman believed by US authorities to be a Chinese spy. Additionally, the New York Times reported that the CEO was involved in another affair with a subordinate executive. The chips produced by the company, founded in 1993, have become an indispensable part of the global AI infrastructure. Nvidia dominates the graphics card market. In October 2025, Nvidia became the first company to reach a market capitalization of five trillion US dollars.
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