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NVIDIA announces CEO transition. Read the release:
NVIDIA Founder Jensen Huang Resigns as CEO Amid Affair Reports
Huang co-founded NVIDIA in 1993 and led its rise as a leader in AI chips, but resigned immediately as CEO, president, and board member following details of affairs, including one with a woman U.S. intelligence suspects as a Chinese spy and others with employees like VP Kimberly Powell. The company named CFO Colette Kress as interim CEO while she keeps her finance role and appointed Harvey C. Jones as board chair; shares dropped up to 14% intraday, wiping out billions in value. Reactions ranged from shock and memes to defenses like Lex Fridman's call to prioritize Huang's innovations, sparking talks on governance, security, and succession at the tech giant.