“Diva Down:” Nvidia CEO Jensen Huang Resigns

Shutterstock / Futurism After mounting pressure on Nvidia’s board to fire its scandal-plagued chief executive, the company’s CEO Jensen Huang is officially resigning. According to a press release published early Thursday morning before the opening bell, Nvidia announced its “CEO transition” with Huang resigning as “President, Chief Executive Officer, and a member of the Board, effective immediately.” In his stead, the AI chipmaker’s current executive VP and CFO Colette Kress will serve as interim CEO. The New York Times revealed late last month that Huang had an extramarital affair with a suspected Chinese spy. This week, the newspaper revealed he had a second affair with Nvidia health executive Kimberly Powell. Huang’s identity is practically inseparable from Nvidia, which he founded back in 1993 with the support of the wife he later cheated on. As such, reactions online were explosive. “It’s official: diva down,” wrote journalist Paris Martineau on social. The company’s stock is likely to be in turmoil when markets open later this hour. The company’s shares are already down over 11 percent in pre-market trading. More on Nvidia: We Are Now Learning in Real Time Whether the Stock Market Cares About an AI Executive Admitting to an Affair With an Alleged Chinese Spy