Jensen Huang didn’t show confidence in his successor, report says

Summary

• Former NVIDIA CEO Jensen Huang described interim CEO Collette Kress as "a deer in the headlights" during a summer presentation regarding the company's plans to provide billions in guarantees to data center operators.
• Huang reportedly stated that Kress could not assist him with steering strategy or decision-making during a meeting with the finance team.
• Kress, who has been with NVIDIA for over 13 years, previously questioned credit-based deals involving Huang's son-in-law Nico Caprez and sought clarity on deal valuation and returns.
• Earlier in the year, Kress scaled back NVIDIA's commitment to OpenAI's Ohio data center project from a potential $250 billion in credit to a committed $105 billion.
• Huang resigned on Thursday following reports of two extramarital affairs, one with VP for healthcare Kimberly Powell, while the company investigates a possible Chinese espionage plot.
• Reuters reported that Huang was having a third affair with another employee after his resignation.
• NVIDIA is currently searching for a permanent CEO to replace Huang, who held the top position for over 33 years.