Jensen Huang has resigned as Nvidia’s president, chief executive officer and board member with immediate effect, ending his 33-year tenure at the artificial intelligence company he co-founded.
His departure follows reports of two extramarital affairs, including an alleged relationship with Alice Huang, a Chinese businesswoman suspected by US authorities of having links to espionage for Beijing. Huang, who is 63 and married, had faced growing pressure in recent days over the allegations.
Nvidia’s board has appointed executive vice-president and chief financial officer Colette Kress as interim CEO. Kress joined the company in September 2013 and has been part of its leadership during a period of rapid expansion.
The board has also named Harvey C Jones as its first-ever chairperson. Jones has more than 30 years of experience as an entrepreneur, technology executive and venture investor, and has previously served as chief executive officer and executive chairman of Synopsys.
Jones said Kress had helped guide Nvidia through significant growth and had a detailed understanding of its business, customers, operations and financial position. He added that the company’s operations, customer commitments and product roadmap were expected to continue without interruption.
Kress said she would build on the foundation established by Huang and maintain Nvidia’s focus on accelerated computing and artificial intelligence. She said the company’s priorities would remain its customers, partners, developers and shareholders.
The board credited Huang with helping make Nvidia “one of the most consequential technology companies in the world” and thanked him for his contributions to the company and the technology industry.
Board meeting preceded resignation
Huang’s resignation came after Nvidia’s board met on Wednesday to discuss his possible ouster. The meeting followed reports that he had also been involved in an extramarital relationship with a senior company executive who reported directly to him.
The leadership change leaves the $4 trillion company facing uncertainty and raises questions about the future of the artificial intelligence ecosystem that Huang helped build. Nvidia has become a central player in the sector by reinvesting its expanding cash reserves in cloud service providers, suppliers and several of the world’s largest research laboratories.
Nvidia said its third-quarter fiscal 2027 financial results would be announced on November 17 as scheduled. The results are due at approximately 1:20 pm PT, followed by an earnings call at 2 pm PT.
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