From The Federal
Owned by New Generation Media Corporation Pvt. Ltd.Nvidia board preparing to remove CEO Jensen Huang over affairs: Report
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Jensen Huang abruptly resigned as president, chief executive officer and board member of Nvidia on Thursday, effective immediately, after mounting scrutiny over an alleged affair with a Chinese businesswoman suspected of ties to Beijing. The company named CFO Colette Kress as interim chief executive while the board begins a search for a permanent CEO. Within hours, U.S. President Donald Trump endorsed the idea of Apple’s Tim Cook as a successor. Nvidia’s shares fell more than 13 % in pre‑market trading following the resignation, reflecting heightened investor concern.
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Jensen’s possible ouster may hit the company hard, as he was key to its development over decades, making it a dominant player in the chip-making industry and helping the US be a frontrunner in the AI race