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• Nvidia stock plunges 14% to over one-year low as Jensen Huang quits amid affair; market cap falls below $4 trillion

  The unexpected leadership vacuum ends a 33-year era of foundational leadership at the semiconductor giant just ahead of crucial quarterly earnings. To maintain stability, the board established a new governance structure while launching a comprehensive search for a permanent successor. Markets reacted swiftly to the sudden uncertainty, erasing substantial equity value despite executive assurances regarding ongoing artificial intelligence initiatives.

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• Jensen Huang Resigns as Nvidia's CEO. Will an Israeli Take Over?

  Longtime Chief Financial Officer Colette Kress has stepped in as interim leader while the board conducts an executive search for a permanent successor. The vacancy opens up high-stakes leadership deliberations, placing both internal technical talent and outside industry heavyweights under consideration. A final appointment will determine the strategic direction of the chipmaker amid rapid technological transformation.

  1 min read
• A profile of interim Nvidia CEO Colette Kress, who joined in 2013 after working at Cisco and Microsoft; as CFO, Kress criticized US export controls on China (Adam Satariano/New York Times)

  The technology giant's temporary leadership transition brings a seasoned enterprise executive to the helm with more than a decade of experience inside the company. Her established background includes managing major corporate finances while publicly addressing key geopolitical challenges impacting the semiconductor industry. Her perspective on international trade policy remains a defining element of her broader executive track record.

  1 min read