Nvidia CEO Jensen Huang Resigns Amid Relationship Scandal

Nvidia announced the immediate resignation of Jensen Huang as President, CEO, and board member. The departure follows reports that the board intended to remove Huang due to a second extramarital relationship with a direct report.

Chief Financial Officer Colette Kress has assumed the role of Interim CEO while the board, now chaired by Harvey C. Jones, searches for a permanent successor. The leadership crisis triggered an 11% decline in the company's stock price over the past week, bringing the value to $166.19.

Financial analysts have responded with diverging outlooks. Wells Fargo, Raymond James, and Goldman Sachs maintained positive ratings. Conversely, Barclays, Needham, and StoneX lowered price targets or downgraded the stock, citing the leadership transition and structural key man risk.