Nvidia CEO Jensen Huang resigned as president, CEO and board member, effective immediately. Nvidia gave no reason for his departure. The newsletter says the board had opened an investigation into whether Huang had been targeted by a foreign intelligence operation, but it does not link that inquiry to his resignation.
CFO Colette Kress became interim CEO while retaining her finance role. Nvidia’s board named Harvey Jones chair and began a search for a permanent CEO without setting a timeline. Nvidia shares fell as much as 14% before closing down about 4%; Bitcoin also fell roughly 4% to near $68,000. The newsletter does not establish that Huang’s exit caused the crypto decline.
