Comment: Finally peace in the AI theater - why the new Nvidia boss is good for the industry
After Jensen Huang resigned as a result of extramarital affairs, the CFO took temporary charge.
Quick Look
- Colette Kress takes over as interim CEO at Nvidia after Jensen Huang resigned due to extramarital affairs.
- The Board of Directors is currently looking for a long-term successor for the company.
AI-generated summary
Why It Matters
Jensen Huang resigned as CEO of Nvidia following reports of extramarital affairs. Colette Kress will take over the position on an interim basis.
Colette Kress didn't want to be in the spotlight and is now completely in it. It has been clear since Thursday afternoon German time: She is taking over the CEO position from Jensen Huang after the Nvidia boss resigned due to extramarital affairs.
She will initially hold the position on an interim basis. The Board of Directors is looking internally and externally for a long-term solution. “Fortunately,” some people said, after all, they don’t have the long-term visions of their long-time boss. Knowing the numbers is one thing, but only part of the job and not the whole answer.
Now one could blaspheme that Huang's long-term vision recently seemed to consist primarily in improving the existing product and in wanting to score points in the competition by retaining customers early and in the long term - also by investing directly in them. The fact that this makes them dependent and initiates circular transactions has been increasingly criticized by analysts and in the market.
Open Questions
- Who will be the long-term successor?
- How is the market reacting to the change in leadership?
