Nvidia co-founder Jensen Huang resigned as president, CEO and board member effective immediately on Thursday, ending a three-decade tenure, Adweek reported. According to the company, Chief Financial Officer Colette Kress will serve as interim CEO while the board searches for a permanent successor. Adweek said the departure followed reports of multiple extramarital affairs, including one with a woman alleged to be a Chinese spy.
In an Adweek interview, CNBC co-host Carl Quintanilla said Nvidia shareholders have lost nearly $2 trillion. He said the effect on the wider economy would not be immediate because most of Nvidia's business for 2027 is already booked, and that rivals such as AMD, Broadcom and Google have made inroads with their own chip designs. He added that the overall stock market has been stable.
Quintanilla said the story could potentially reveal a multibillion-dollar smuggling ring of technology to China, and that the bigger implications may involve the Trump administration's oversight.
