Nvidia Names Colette Kress Interim CEO Following Jensen Huang's Resignation

Nvidia Corporation has announced that its board of directors has accepted the resignation of Jensen Huang from his roles as president, CEO, and director. In a sudden leadership transition, Chief Financial Officer Colette Kress has been appointed interim CEO while maintaining her current financial responsibilities. The move follows reports regarding investigations into Megaspeed executives, which contributed to a period of significant corporate instability. Market reaction was immediate and volatile, with NVDA shares dropping as much as 14% during intraday trading. While Kress has overseen Nvidia's massive growth from $4.28 billion to over $215 billion in annual sales since joining in 2013, investors are weighing whether a finance-focused leader can replace Huang's technical engineering leadership. The board is now tasked with selecting a permanent successor, with internal engineers like Ian Buck and Bill Dally being considered.

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