Jensen Huang resigns as CEO of Nvidia in a stunning fall for one tech’s most powerful people
Nvidia CEO Jensen Huang could be fired, according to reports.
TL;DR
- Nvidia CEO Jensen Huang resigned, effective immediately.
- The resignation is linked to reports of affairs, including one with Kimberly Powell, a direct report and VP of health care.
- Huang was also investigated for a relationship with Alice Huang, a suspected Chinese spy.
- Colette Kress, Nvidia's CFO, will serve as interim CEO.
- Nvidia's stock price dropped over 13% on the announcement and has fallen around 25% in the past month.
- Nvidia is the world's second-most valuable company, worth over $4 trillion.