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Nvidia's Jensen Huang Resigns; CFO Colette Kress Named Interim CEO
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United States: Jensen Huang has resigned as chief executive of Nvidia, the chipmaker he co-founded 33 years ago and built into a $4 trillion company at the centre of the artificial intelligence boom. The company announced on Thursday that he has also left its board, effective immediately.
Chief Financial Officer Colette Kress will serve as interim CEO and keep her finance duties. The board said it will consider internal and external candidates for a permanent successor.
The resignation came days after Huang admitted to a romantic affair with a woman whom US intelligence officials believe is a Chinese spy. There were also reports of an affair with a fellow Nvidia executive. The case has raised national security concerns in Washington. CNBC reported that Huang has agreed to testify before Congress.
Investors reacted sharply. Nvidia shares fell more than 13% in early trading before recovering some losses. The turmoil also pushed Tokyo's Nikkei index down 429 points.