Jensen Huang, an architect of the AI boom, resigns as Nvidia CEO

Jensen Huang, the architect behind the AI boom, has resigned as CEO of Nvidia, according to wire reports. His resignation has raised concerns within the tech industry and Wall Street, as it could potentially endanger the soaring AI bubble. Huang reportedly had two affairs, including one with a Chinese national suspected of being a spy. This revelation, coupled with a prior extramarital relationship disclosed by The New York Times, has led to his departure from the position.

Following Huang's resignation, the board of Nvidia named Colette Kress, the long-time CFO, as interim CEO. Kress, who has been with the company since 2013, will continue to serve as CFO while the company searches for a permanent replacement. Harvey C. Jones was appointed as the first-ever board chair. The board has assured that Nvidia's operations, customer commitments, and product roadmap will continue without disruption.

The board's decision to oust Huang came after an emergency meeting, as reported by Wall Street sources. No official reason for Huang's resignation was provided in Nvidia's announcement, which came after the board's investigation into his relationship with Alice Huang, identified by U.S. intelligence as a Chinese intelligence asset. Nvidia's stock prices suffered a significant drop, plunging more than 10% after the news of Huang's resignation.