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Jensen Huang left Nvidia, and CFO Colette Kress became interim CEO.
Nvidia said Kress would serve as interim CEO while it seeks a permanent replacement. Reports of alleged relationships involving Huang drew scrutiny, while accounts differed on how much Nvidia shares had fallen.
What the reports agree on
- Huang resigned or left his role as Nvidia chief executive. Guardian Tech, Al Jazeera, Axios
- Nvidia named CFO Colette Kress interim CEO. Guardian Tech, Al Jazeera, Axios
- Reports of alleged relationships involving Huang drew scrutiny. Guardian Tech, Al Jazeera, Axios
Where reports differ
- The account said Nvidia shares fell 13% after news of Huang’s resignation. Guardian Tech
- Nvidia shares were down 5.7% shortly before 3 p.m. Thursday and had fallen 27% over the previous month. Axios
- The reported market-value loss exceeded $600 billion, while another estimate put the decline at about $1 trillion. Axios
Reported by one outlet
- Huang had led Nvidia for 33 years. Al Jazeera
- Democratic senators asked administration officials to preserve communications and documents related to Nvidia’s advanced AI chip sales to China. Guardian Tech
- The FBI and a board-ordered independent investigation were examining the allegations, including whether Nvidia gave favorable treatment to Megaspeed. Axios
- Huang was expected to testify behind closed doors before a congressional committee the following week. Axios