Leadership change at Nvidia has the potential to threaten financing of the artificial intelligence boom and test Jensen Huang's $500 billion vision to turn AI chips into tradable debt securities.
The Nvidia CEO's resignation was announced Thursday following revelations that he had two extramarital affairs — one with an employee and the other with a woman believed by U.S. intelligence to be a Chinese spy.
Shares in the tech giant — which has become central to the AI build-out in recent years — initially plunged more than 13% following Huang's resignation, before paring losses.
Nvidia has never identified a successor to Huang, who has led the chipmaker since its founding in 1993. Colette Kress, chief financial officer, has been named interim CEO.
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