Nvidia CEO Jensen Huang resigns in big blow to AI boom
Summary
Nvidia CEO Jensen Huang is stepping down after mounting scrutiny over his conduct, sending the chipmaker's shares tumbling and shaking confidence in the AI boom. CFO Colette Kress will serve as interim CEO while the company searches for a permanent replacement.
Key Points
- Nvidia says Chief Financial Officer Colette Kress will serve as interim CEO while it searches for a permanent successor.
- Jensen Huang is also leaving the board, deepening uncertainty around the roughly $4 trillion chipmaker.
- The announcement sent Nvidia shares down more than 12% in early trading and pressured broader markets.
- The fallout could affect the AI ecosystem and US chip export policy because of Nvidia's role in the China market.
