Nvidia said on Thursday that Jensen Huang has resigned as its chief executive, president and board member, effective immediately. Chief financial officer Colette Kress will act as interim CEO and keep her finance role. The board named Harvey C. Jones, a former Synopsys chief executive, as its first-ever chair. It has started a search for a permanent CEO and will weigh internal and external candidates.
Nvidia's announcement gives no reason for the resignation. VentureBeat said it follows recent New York Times reports that Huang had extramarital affairs. Nvidia's statement does not mention them. No successor is named, and no timeline for the search is given. Jones said he expects operations, customer commitments and the product roadmap to continue without interruption. Nvidia said it will still report quarterly results on Nov. 17, as planned. VentureBeat, citing Reuters, said Nvidia and some firms tied to it came under pressure on Thursday, while AMD and Broadcom gained.
Nvidia supplies AI hardware and invests in its customers, VentureBeat said, so trouble at the top can touch both equipment and financing. VentureBeat added that chips already installed and software already running are not affected by the change. For teams building data centers or buying AI services, the open question is whether Nvidia keeps delivering new systems and financing partners under new leadership.