Nvidia said on 12 November (US time) that co-founder Jensen Huang has resigned as president, chief executive and board member with immediate effect, ending 33 years in charge. Chief financial officer Colette Kress becomes Interim CEO A temporary chief executive who runs a company until a permanent one is chosen. while the board searches for a permanent successor, according to Nvidia's statement as reported by Lowyat.net and TechNode Global.
Key points
- The exit follows a week of reports. On 8 November Huang admitted an affair with Alice Huang (no relation), a former executive of Singapore-based Cloud computing Renting computers in someone else's data centre over the internet instead of buying your own. firm Megaspeed whom US officials reportedly suspect of being a Chinese intelligence asset; Beijing denies she is a spy. On 11 November The New York Times reported a second affair, with Nvidia healthcare vice-president Kimberly Powell, who reported to him.
- Nvidia also named former Synopsys chief executive Harvey C. Jones as its first-ever board chair. The board says operations, customer commitments and the product roadmap will continue without interruption, and it will consider internal and external candidates for CEO.
- Nvidia shares fell more than 10% in Pre-market trading Buying and selling of shares before a stock exchange's normal opening hours, often an early sign of how investors react to news., Reuters reported via Rappler. One fund manager told Reuters the product roadmap is visible for years; the risk is execution, because Huang personally coordinated deals with cloud firms, suppliers and AI labs.
- Megaspeed, an official Nvidia cloud partner, says it is cooperating with US Commerce Department inspections and has hired a US law firm to count its GPU A powerful computer chip, originally for graphics, that is now the main hardware used to train and run AI.. Singapore's Home Affairs Ministry says its own probe into servers exported via Singapore to Malaysia did not involve espionage, SoyaCincau reports.
Why it matters: Nvidia makes the chips most AI runs on, so who leads it affects supply, prices and the US export rules that reach Malaysia's Data centre A large building full of computers that store data and run online services and AI, and that uses a lot of power and water. boom. Watch who becomes permanent CEO and whether Washington tightens chip rules for South-east Asia.
Sources (7)
- Jensen Huang Resigns As CEO And President Of NVIDIA · Lowyat.net
- It's official: NVIDIA CEO Jensen Huang resigns · TechNode Global
- Nvidia CEO Jensen Huang resigns amid affair and alleged Chinese spy scandal · SoyaCincau
- Nvidia CEO Jensen Huang steps down in big blow to AI boom · Rappler (Reuters)
- Megaspeed, Singapore-registered Nvidia cloud customer, cooperating with US export inspections · TechNode Global
- Jensen Huang Is Out. Everything in AI Is Now Up for Grabs. · The AI Daily Brief
- Jensen Huang just pulled out of Nvidia... · Fireship



