
The tech giant Nvidia has to reposition itself after the fall of Jensen Huang. CFO Colette Kress will take over leadership for the time being.
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Jensen Huang was considered a defining figure for Nvidia. He now resigned from his position as a result of two affairs.
Departure of Jensen Huang The CFO will take over for the time being. But who will be Nvidia's new face?
The tech giant Nvidia was considered Jensen Huang's one-man show. Now the superstar of the IT industry has fallen over two affairs. An interim solution has been found with Colette Kress, but there are other candidates in the long term.
By Henrik Bahlmann and Angela Gruber

After Nvidia CEO Huang resigned following an espionage affair with a suspected Chinese agent, reports of a second affair with an Nvidia manager weighed on the share price, which fell by over 13 percent.

Jensen Huang, CEO of Nvidia, is resigning effective immediately. The reason is a confirmed extramarital affair with a woman whom US security circles classify as a Chinese spy. CFO Colette Kress is temporarily taking over management.

The insurance group Talanx is raising its profit targets for 2026 to 2.8 billion euros and is targeting three billion euros for the first time in 2027. Net profit rose to a record level of 2.2 billion euros in the first three quarters of 2026.

The Bundesbank warns of increasing risks to financial stability in Germany. Particularly worrying is new data on private residential property financing, where large loan amounts were granted in relation to the loan-to-value ratio.

According to media reports, Nvidia CFO Colette Kress could replace CEO Jensen Huang, who is involved in an espionage affair, as interim boss. The board of directors discussed a possible replacement on Wednesday evening.

The German leading index Dax reached a new all-time high of 27,001.67 points before falling slightly again after a Truth Social post by Donald Trump about Iran. At the same time, oil and natural gas prices rose significantly.