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After a month of headlines about an affair with an alleged Chinese intelligence asset, Nvidia Chief Executive Officer Jensen Huang has stepped down from his leadership position at the AI chip company. Nvidia announced the decision on Thursday morning in a press release that described the company’s next steps. Replacing Huang is Colette Kress, the current Executive Vice President and Chief Financial Officer of NVIDIA. Kress will be serving in an interim capacity until Nvidia finds a permanent successor. <\/p>\n
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Within video games, Nvidia is known as the company that powers computer graphics chips that make PC gaming possible. At large, Nvidia designs and is responsible for the vast majority of computer chips used for artificial intelligence. Nvidia’s products are highly in-demand, which has led to an increase in gaming console prices across the board. Thanks to the AI boom, Nvidia and its multi-trillion dollar valuation have made it one of the biggest and most important companies in the world.<\/p>\n
Nvidia was originally founded by Jensen in 1993, and the executive has been central to the company’s public identity ever since. Back in October 2026, Huang was reported to be at the center of a Chinese spy plot. According to the New York Times, an intelligence asset named Alice Huang developed a close relationship with the Nvidia CEO with the apparent intention of directing more of the company’s computer chips to China. The intelligence asset reportedly sent back information she learned back to China. The tech mogul has since been accused of having an affair with another executive who reported directly to him \u2014 an act that violated Nvidia’s code of conduct.<\/p>\n
Here’s Nvidia on Huang’s resignation:<\/p>\n
\nKress has served as Executive Vice President and Chief Financial Officer of NVIDIA since joining the company in September 2013. During her tenure, she has led the company\u2019s finance organization and has played a key role in NVIDIA\u2019s growth and evolution. Prior to joining NVIDIA, Kress spent nearly 25 years in finance roles at leading technology companies, including Cisco and Microsoft.<\/p>\n
The Board of Directors appointed Harvey C. Jones as its first-ever Chair of the Board. Mr. Jones has been an entrepreneur, technology executive, and active venture investor for over 30 years, including serving as Chief Executive Officer and Executive Chairman of Synopsys.<\/p>\n
\u201cColette has helped lead NVIDIA through a period of extraordinary growth and has a deep understanding of our business, customers, operations and financial position,\u201d said Harvey Jones, Chair of the NVIDIA Board of Directors. \u201cShe is supported by an experienced leadership team that has been instrumental in executing NVIDIA\u2019s strategy and advancing its technology roadmap. The Board has full confidence in Colette and the leadership team, and we expect the company\u2019s operations, customer commitments and product roadmap to continue without interruption.\u201d <\/p>\n
\u201cNVIDIA\u2019s strength has always come from its people, and together with our leadership team, I am committed to building on the extraordinary foundation Jensen created over the last 33 years,\u201d said Colette Kress, Interim CEO and CFO, NVIDIA. \u201cWe will continue advancing the work that has made NVIDIA a leader in accelerated computing and AI, and execute on the opportunities ahead. Our focus remains on serving our customers, partners, developers and shareholders.\u201d <\/p>\n
Jensen\u2019s contributions to NVIDIA are profound. NVIDIA is one of the most consequential technology companies in the world. The Board and the company thank Jensen for his immeasurable contributions to the company and the industry.<\/p>\n<\/blockquote>\n
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