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NVIDIA announces CEO transition. Read the release:
NVIDIA Founder Jensen Huang Resigns as CEO Amid Personal Scandal
NVIDIA announced Thursday that founder Jensen Huang resigned immediately as CEO, president, and board member following investigations into his relationships, including one with Chinese businesswoman Alice Huang who bought billions in chips. CFO Colette Kress stepped in as interim CEO while the board searches for a permanent replacement and reviews potential foreign intelligence targeting. Shares plunged, erasing hundreds of billions in market value, as employees petitioned for Huang's return and commentators like Lex Fridman called the move a huge mistake.