Jensen Huang exits Nvidia; Colette Kress takes over as interim CEO

Nvidia CEO Jensen Huang stepped down Thursday after reports of extramarital affairs triggered a board crisis at the AI chip giant. The company named Chief Financial Officer Colette Kress interim CEO while it considers internal and external candidates for a permanent replacement. Huang’s departure sent shock waves through Nvidia’s Asian supply chain, where partners in Taiwan and South Korea have tied expansion plans to his aggressive push for manufacturing capacity and AI infrastructure deals. TSMC shares fell 2%, while SK Hynix lost 1.6% and Samsung Electronics rose 0.8%. Reuters also reported the turmoil could spill into US chip policy toward China, where companies have been seeking overseas access to Nvidia processors.