Eco
NVIDIA's shares dropped approximately 11% in pre-market trading following the announcement of CEO Jensen Huang's resignation. Chief Financial Officer Colette Kress was appointed as interim CEO until a permanent replacement is selected. The company stated it will consider candidates both internally and externally for the CEO position amid ongoing controversy surrounding Huang's relationship with Alice Huang, a former executive at the Singaporean data center company Megasped International, who is reportedly currently in Beijing. These developments came days after increased pressure on Huang following his admission of a romantic relationship with Alice Huang. The situation escalated further after reports revealed he also had a relationship with a female executive who reported directly to him. Additionally, the company announced the appointment of Harvey Jones as the first chairman of the board in its history, as part of broad administrative changes following Huang's removal from leadership. Huang is one of the three founders of NVIDIA, established in 1993, and has recently become the most prominent figure associated with the global AI boom, with the company's graphics processing units dominating the market for training and operating AI models.
