Finance
Nvidia CEO Jensen Huang steps down after more than 30 years
Nvidia investors face a new reality after CEO Jensen Huang resigned following board discussions regarding his future.
Nvidia announced that CEO Jensen Huang is stepping down after leading the company for more than 30 years. The decision followed a board meeting amid scrutiny over reports of relationships with employees, including one with a woman US intelligence believes is a Chinese spy. Following the announcement, CFO Colette Kress was named interim CEO. Wall Street reacted strongly to the news, with Nvidia shares dropping more than 12% shortly after the market opened, leading multiple analysts to downgrade the company's stock.
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