BREAKING: Jensen Huang resigns as Nvidia CEO, president and board member, effective immediately, ending his 33-year run leading the AI chip giant he co-founded. ⚡
👔 CFO Colette Kress takes over as interim CEO, while Harvey C. Jones is named board chair, as Nvidia starts the search for a permanent chief from inside and outside the company.
📉 Nvidia shares plunge about 10% premarket to near $157, after closing Wednesday at $173.73, as the market prices a leadership vacuum at the heart of the AI boom.
🔍 The exit follows the board probe into Huang's two affairs, including one with an executive US officials suspect of spying for China, and a second with a vice president who reported to him.
The board moved fast once it met, but the real question now is who leads the November 17 earnings call and whether Nvidia can keep its AI crown without its founder.
$NVDA #HuangRisksOusterOverReportedAffairWithSubordinate
👔 CFO Colette Kress takes over as interim CEO, while Harvey C. Jones is named board chair, as Nvidia starts the search for a permanent chief from inside and outside the company.
📉 Nvidia shares plunge about 10% premarket to near $157, after closing Wednesday at $173.73, as the market prices a leadership vacuum at the heart of the AI boom.
🔍 The exit follows the board probe into Huang's two affairs, including one with an executive US officials suspect of spying for China, and a second with a vice president who reported to him.
The board moved fast once it met, but the real question now is who leads the November 17 earnings call and whether Nvidia can keep its AI crown without its founder.
$NVDA #HuangRisksOusterOverReportedAffairWithSubordinate
