Summary
- Jensen Huang has resigned as Nvidia CEO and board member, effective immediately, following an internal investigation into an affair.
- Nvidia CFO Colette Kress will serve as interim CEO while the board considers internal and external candidates for a permanent replacement.
- The internal investigation also examined business dealings with Megaspeed, a Singapore-based AI company linked to Alice Huang, and a relationship with a direct report.
Why it matters
Jensen Huang's departure marks a monumental shift for Nvidia, a dominant force in AI hardware that recently surpassed a $4 trillion valuation, raising questions about future leadership and strategic direction.