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Jensen Huang resigned as Nvidia’s CEO, and the company named Colette Kress interim chief executive.

Nvidia said Huang’s resignation took effect immediately, after reports of extramarital affairs that included allegations involving a person suspected of ties to Chinese intelligence. The company named CFO Colette Kress interim CEO and said its board would consider candidates for a permanent successor.

What the reports agree on

  • Jensen Huang resigned as Nvidia’s CEO. CBS News, BBC US, France24, Newsweek and 4 more
  • Nvidia said Huang’s resignation took effect immediately. CBS News, Newsweek, ABC News, The Hill and 1 more
  • Nvidia named CFO Colette Kress interim CEO. Newsweek, Al Jazeera, PBS NewsHour, ABC News and 3 more
  • Reports described alleged extramarital affairs involving Huang; accounts included an allegation involving a person suspected of working for Chinese intelligence. CBS News, BBC US, France24, Newsweek and 4 more
  • Nvidia’s board said it would consider internal and external candidates for a permanent CEO. Newsweek, PBS NewsHour, CBS News, Axios and 1 more

Where reports differ

  • The reported share-price declines differ: Newsweek said Nvidia shares closed down 4.3% on Thursday, while The Hill reported an intraday drop of 14.4% before the price rose above $162. Newsweek
  • The reported share-price declines differ: Newsweek said Nvidia shares closed down 4.3% on Thursday, while The Hill reported an intraday drop of 14.4% before the price rose above $162. The Hill

Reported by one outlet

  • Al Jazeera reported that Nvidia’s bylaws allow a majority of its 11 directors to remove Huang with or without cause. Al Jazeera
  • Newsweek reported that Nvidia scheduled its next quarterly earnings report for the following Tuesday. Newsweek
  • France24 reported that Beijing rejected the spying allegations. France24

The original reports

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