Jensen Huang, co-founder of Nvidia, has resigned as chief executive officer and president of the company. His resignation, effective immediately, marks the end of a 33-year tenure at the AI chipmaker. The decision comes after weeks of controversy surrounding allegations of extramarital affairs, which have led to internal turmoil and public scrutiny.
Nvidia's stock dropped as much as 14 per cent on the Nasdaq following the announcement. The decline reflects investor concerns over the leadership transition and the impact of the personal scandal on the company's reputation. Huang's resignation was confirmed by the company, which has appointed Colette Kress as interim CEO.
Huang reportedly described himself as a “piece of sh–” during his final days as CEO, according to media reports. He appeared exhausted and defeated, with his legendary energy seemingly depleted. The situation has raised questions about the stability of the company and its future direction without its long-time leader.
Huang's resignation follows reports of multiple affairs, which have led to his departure. The scandal has also prompted discussions about the personal lives of tech executives and the pressures of leadership in the fast-paced AI industry. As the company navigates this transition, the focus remains on maintaining operational continuity and investor confidence.
