
Huang resigned following allegations of an alleged affair; CFO Colette Kress is leading the company on an interim basis.
AI-generated summary
Jensen Huang has led Nvidia since its founding more than 30 years ago. He resigned on Thursday after allegations were made against him, including an alleged extramarital affair with an employee. CFO Colette Kress took interim leadership. US President Donald Trump suggested Tim Cook as his successor on Truth Social.
While Donald Trump is already bringing the former Apple boss at Nvidia into play, the political implications dominate the debate. But the tech superstar also receives support.
Dusseldorf. US President Donald Trump reacted quickly to Jensen Huang's resignation as Nvidia boss. On his online platform Truth Social, Trump also had a successor in mind: Tim Cook. The former Apple CEO was the only candidate, the president wrote. And adds: “A legend replaces a legend!”
Huang on Thursday drew conclusions from allegations against him, which include, among other things, an alleged extramarital affair with an employee. CFO Colette Kress took over interim leadership and a permanent solution is being sought - which will most likely not be called Tim Cook.
Huang's resignation sparked mixed reactions in the financial and technology industries. While some market observers warn of long-term consequences for Nvidia and the AI industry, others believe the immediate impact on operations is limited.
Shay Boloor, chief market strategist at Futurum Equities, sees no reason for a drop in sales in the short term. The demand for products such as the Blackwell chips, the Rubin product planning and the Cuda ecosystem is already established. In the long term, however, Huang will be difficult to replace because he has repeatedly recognized technological developments at an early stage.
AI outlook — possibilities, not facts
Nvidia will name a permanent CEO successor within a few weeks.
Likely · Within weeks

Singapore has banned Chinese businesswoman Alice Huang from re-entering the country after launching an investigation into Megaspeed for allegedly making false statements about server sales. Nvidia boss Jensen Huang admitted to an affair with her and resigned. According to the Interior Ministry, police were investigating Huang for alleged involvement in crimes, not espionage. Her passport was confiscated and later returned, followed by a stern warning and entry ban.

MSD, the German subsidiary of the US pharmaceutical company Merck, has filed a constitutional complaint against central provisions of the Statutory Health Insurance Contribution Rate Stabilization Act with the Federal Constitutional Court. The company expects costs of almost one billion euros for 2028 and warns of the consequences for innovation and jobs in Germany. Germany boss Kevin Peters emphasizes that MSD wants to stay in Germany, but demands fair regulation.

In the current collective bargaining round, IG Metall is relying on 24-hour warning strikes for the first time since 2017. The powerful instrument has only been used once so far; in 2018, it was about wage percentages, shorter working hours and a choice model between money and free time.

Nvidia shares fell by up to 13 percent on Thursday after reports of CEO Jensen Huang's affairs and his departure and were around five percent lower. Other chip stocks such as Micron and Coreweave also lost significantly, while Broadcom and AMD were up. The major US indices recovered slowly.
A CAM study says that after special charges of 8.7 billion euros, Volkswagen only earns twelve euros per car sold. The adjusted margin is 3.8 percent. The industry average return is 3.6 percent, Mercedes increased profits per car by 31 percent to 4,198 euros, BMW earned 3,059 euros, around a third less than in the previous year.

Mercedes is examining plant closures in Germany and stopping all further investments at German locations. The board is demanding concessions from the workforce and IG Metall, including a 40-hour week without wage compensation, in order to reduce the high production costs.