Days after the board said it backed him, Jensen Huang has resigned from Nvidia, effective immediately. CFO Colette Kress is interim CEO, and the company he co-founded 33 years ago has no idea who's next.
Jensen Huang has resigned as Nvidia CEO and left the board, effective immediately.
CFO Colette Kress is interim CEO, and Harvey Jones is the first board chair.
It follows a week of reports about two affairs, one of them with a direct report.
Huang has agreed to testify before Congress, according to CNBC.
Nvidia's Q3 results land about 10:20am NZDT on Wednesday 18 November.
It’s done. Nvidia’s board has accepted Jensen Huang’s resignation as president, CEO and director, effective immediately, ending a 33-year run as the only boss the company has ever had.
CFO Colette Kress is now interim CEO while the board hunts for a permanent replacement. The announcement landed on Thursday US time, which was the early hours of Friday 13 November here. Yes, Friday the 13th.
This week went from bad to terminal fast. Huang apologised on Sunday for being “unfaithful to my wife”, after reports linked him to a businesswoman US officials reportedly suspect of spying for China, which Beijing denies.
Then on Wednesday The New York Times reported a second affair, this time with a senior Nvidia executive who reported to him, which we covered when the board was reportedly moving to oust him. Nvidia hasn’t confirmed that report. A person familiar with the matter told CNBC the board decided on Wednesday night, after the second report, and made it official on Thursday morning.
Kress is the safe pair of hands for Wall Street, not a GPU person. Reuters says she and Ian Buck, the engineer behind CUDA who now runs Nvidia’s hyperscale AI products, were the leading internal picks even before Huang went.
Her first big test is soon. Nvidia reports its Q3 results on 17 November US time, which is about 10:20am NZDT on Wednesday 18 November (8:20am AEDT), with the earnings call at 11am NZDT (9am AEDT).
GeForce is a rounding error next to Nvidia’s AI money now, but it’s still the card in most of our PCs. Huang was the bloke who kept GeForce on stage while data centres ate the business, and the RTX 50 series supply mess was already making people ask whether Nvidia still wants PC gamers.
A finance boss answering to AI shareholders has even less reason to care about us. Watch what Kress says about gaming on that earnings call.
The leather jacket era is over, and it ended the way these things always do: the board said it had confidence in him, then binned him within days. Nvidia’s own staff would’ve been marched out for half of what’s been reported, so no, the bloke who built a US$4 trillion company doesn’t get a special rulebook.
The bit that actually worries us is what happens next. Nvidia is now run by its accountant until further notice, and accountants don’t lose sleep over cheap GPUs for gamers. Expect the AI side to get even more of the love, and the RTX line to get even more expensive.
Everything we’ve written on the saga is on our Nvidia page. Good riddance, great loss, or both? Come argue about it in the GetRekt Discord.
Leaked meeting minutes show Korea's rating board tied 3-3 on refusing GTA 6 a rating over background male nudity. It finally passed 8-1, and the Leoni...
Take-Two won't say how many people have pre-ordered GTA 6, so Sensor Tower has. It reckons 10.3 million copies and over US$1 billion, and Sony says no...
Geralt's Polish voice actor had a stroke in 2019, and his voice never fully came back the same. For Songs of the Past, CDPR got an AI company to make ...
Comments 0
Quick check before we post that