
The Board of Directors announced that co-founder Huang resigned as president, CEO and board member; interim CEO Colette Kress, new president Harvey Jones
AI-generated summary
Jensen Huang turned Nvidia, which he founded in 1993, into one of the world's most valuable technology giants. The company is a leader in the field of artificial intelligence and chip technologies.
The 33-year term of Jensen Huang (63) at artificial intelligence and chip technologies giant Nvidia has ended. Nvidia Board of Directors announced that Huang, the company's co-founder, resigned as president, CEO and board member. Current Chief Financial Officer Colette Kress will assume the role until a permanent CEO is found, according to the company statement. Nvidia also appointed former Synopsys CEO Harvey Jones as Chairman of the Board. It was announced that candidates from both within and outside the company will be evaluated in the search for a permanent CEO.
Love scandals exploded one after another
The sudden departure of Huang, who turned the company he founded in 1993 into one of the most valuable technology giants in the world, came right after the scandals that have been revealed to the public in recent days and led to national security discussions in the USA. Allegations that Huang was having an affair with Alice Huang, who is claimed to be linked to Chinese intelligence, attracted reaction, and the revelation that he was in a relationship with Kimberly Powell, a married executive who has been working at the company since 2008 and is Nvidia's Vice President of Health Services, created discomfort in the management. The board started the dismissal process after the previous day's meeting. On the other hand, after the news of Huang's separation, Nvidia shares lost more than 10 percent in value, while analysts point out that this separation could lead to a loss of more than $700 billion in the company's market value and start a new period of uncertainty in the artificial intelligence industry.
Trump: There is only one person who can replace him
US President Donald Trump, in his post on his Truth Social account, said, "Now that Nvidia CEO Jensen Huang, who has done a great job, has resigned, there is only one person who can replace him: Apple's Tim Cook. One legend is replaced by another!" he said.
Agreed with the company to manage the crisis
New allegations in the US press showed that Huang was making preparations long before the scandal broke out. About a year ago, Heller Inc., which specializes in crisis communications, particularly those dealing with high-profile personal scandals, accusations of sexual harassment, It incorporated the public relations firm called. During this process, Nvidia's corporate communications team was instructed to forward copies of all media requests and press questions directly related to Huang to this crisis management firm.
AI outlook — possibilities, not facts
Nvidia will appoint a permanent CEO soon
Likely · Within weeks
Nvidia shares may continue downtrend in the short term
Likely · Within days

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