San Jose:Jensen Huang, the co-founder of Nvidia, has resigned from his roles as company president and chief executive officer, concluding a 33-year tenure at the helm of the chipmaking giant. His resignation also includes stepping down from his position on the board, effective immediately. Colette Kress, the current Chief Financial Officer, has been appointed as interim CEO while Nvidia considers both internal and external candidates for a permanent replacement.

According to Anadolu Agency – English, the company has not disclosed a reason for Huang's departure. However, it follows reports of Huang's extramarital affairs, including one with a woman suspected by US authorities of espionage for China and another with a senior Nvidia executive. These reports have contributed to a significant drop in Nvidia's stock, which fell over 10% following the announcement of Huang's resignation.

Huang, who was born in Taiwan and moved to the United States during his childhood, co-founded Nvidia in 1993. The company initially faced a rocky start but eventually found success with its graphics processing units (GPUs), which became instrumental in the rise of artificial intelligence. Under Huang's leadership, Nvidia's market value soared, reaching milestones such as a $5 trillion valuation in 2025. Despite these successes, recent allegations have overshadowed Huang's career, leading to his abrupt resignation.