Jensen Huang didn't show confidence in his successor, report says

Why it matters

Jensen Huang has resigned as Nvidia's chief executive following reports of multiple extramarital affairs, including one with healthcare vice president Kimberly Powell, and a Reuters account of a further relationship with another employee. Chief financial officer Collette Kress, who spent over a decade at Nvidia after working in finance leadership at Cisco, has taken over as interim chief while the company searches for a permanent replacement. According to the Wall Street Journal, Huang had privately disparaged Kress, describing her as unable to help steer strategy and comparing her reaction in meetings to a startled animal. The article also details internal friction over Nvidia's credit-based guarantees to data center operators, which Kress reportedly questioned, particularly deals involving Huang's son-in-law Nico Caprez. She had earlier reduced the scale of Nvidia's financial commitment to OpenAI's Ohio data center project. Nvidia is additionally investigating a possible Chinese espionage plot, adding further instability to the chipmaker's leadership transition.