Nvidia CEO Jensen Huang resigns in big blow to AI boom

ملخص مفصل

Nov 12 (Reuters) - Nvidia CEO Jensen Huang has stepped down, leaving the artificial intelligence industry without its biggest champion and clouding the future of the chipmaker he…

Nov 12 (Reuters) - Nvidia CEO Jensen Huang has stepped down after revelations of two extramarital affairs, including one involving an alleged Chinese spy, plunged the chipmaker into crisis and sent shockwaves across an AI industry he helped bankroll.

Huang's exit caps a tumultuous week for Nvidia and could have far-reaching consequences for US chip export policy and the broader AI ecosystem, given his push to preserve access to the Chinese market and his close ties with US President Donald Trump.

The departure has also ignited speculation over who will ultimately lead the company Huang co-founded more than three decades ago.

Chief Financial Officer Colette Kress will take over as interim CEO as Nvidia looks for a permanent successor, considering both internal and external candidates, the company said on Thursday.

Huang, Nvidia's fourth-largest shareholder with a stake of about 3.61%, will also leave the board. Nvidia named former Synopsys CEO and longtime director Harvey Jones as its first board chair.

Nvidia shares pared losses after tumbling more than 14% in early trading, dragging the broader market lower, with analysts attributing the rebound to bargain hunting. The company was still on course to shed nearly $200 billion in market value. Shares of rivals AMD and Broadcom, meanwhile, rose about 6% each.

"The Board, Estaff (executive staff) and I recognize that this has been an extraordinarily difficult period," Kress wrote in a memo to employees, adding that the company will host a meeting on November 18 at 9 a.m. PT.

Kress was gathering Nvidia's executive team at its headquarters today, CNBC reported, adding that Huang had agreed to testify before Congress before Thanksgiving.

Pressure had been mounting on Huang in recent days after reports said the 63-year-old, who is married, had an affair with a Chinese businesswoman whom US authorities suspect of spying for Beijing.

مطلع المقال، مقتطف من Euronext. لقراءة المقال كاملًا، افتحه على موقع الناشر.