Nvidia CEO Jensen Huang resigns, Colette Kress named interim chief: Live updates

BREAKING: Nvidia CEO Jensen Huang resigns amid affair and spy scandals, with CFO Colette Kress named interim chief. $NVDA

Jensen Huang is out at Nvidia, the company he co-founded 33 years ago.

The board announced his resignation on Thursday, and CFO Colette Kress steps in as interim chief. This is the man who built Nvidia into a four trillion dollar company and became the face of the entire AI boom, there he is on stage, mic in hand, in the leather jacket the whole industry knows.

The collapse took less than a week. On Sunday he apologised for being unfaithful to his wife, after reports tied him to Alice Huang, a businesswoman US intelligence believes is a Chinese spy. On Thursday the New York Times reported a second affair, with Nvidia's own health care VP, Kimberly Powell. The board has hired Wachtell Lipton to investigate the intelligence allegations. Huang denies compromising any secrets.

So the most important company in AI now has an interim CEO, an open espionage investigation, and a hostile Congress incoming. All at once.

This is Liu Yang, reporting for HIT.