Nvidia CEO Jensen Huang resigns; CFO Colette Kress named interim CEO

Nvidia's board announced Thursday that CEO Jensen Huang resigned effective immediately, and Colette Kress, the company's chief financial officer, was named interim CEO while the board searches for a permanent successor (ad2ca620, a9401c12). The resignation followed reports connecting Huang to Alice Huang, a Megaspeed executive whom U.S. intelligence agencies suspect of spying for China, and to relationships with employees; Huang and Alice Huang are not related (ad2ca620, e64a5799). Nvidia stock closed down 4.3% at $166.19 Thursday, with the turmoil potentially erasing almost $500 billion in value (ad2ca620). Digital Trends reported Nvidia gave no reason for the resignation, while left-side outlets emphasized export-control questions, congressional scrutiny and President Trump's comments (a9401c12, ad2ca620, e64a5799).

• Nvidia's board announced Jensen Huang resigned as CEO effective immediately, and named chief financial officer Colette Kress interim CEO.· 2 sources
• The board said it will search for a permanent CEO and will consider both internal and external candidates.· 1 source
• Nvidia shares closed 4.3% lower at $166.19 on Thursday, and CBS reported the turmoil could erase almost $500 billion in value.· 1 source
• Reports tied Huang to Alice Huang, a Megaspeed executive U.S. intelligence agencies suspect was spying for China; the two are not related, and Megaspeed is under investigation in the U.S. and Singapore.· 1 source
• NPR reported that in an email to Nvidia staff Huang admitted to cheating on his wife and promised to cooperate with the company's investigation.· 1 source
• Digital Trends reported Nvidia gave no reason for the resignation and, citing The Information, said Alice Huang had invested in Chinese AI company DeepSeek.· 1 source