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Bloomberg Television14 min

Nvidia Looks for a New Era After Huang

Huang, Emily Chang, David Gura, Christina Ruffini

Interview, Press Conference

Jensen Huang resigned as NVIDIA's CEO following allegations of extramarital affairs and security risks involving a suspected Chinese spy, prompting an immediate 2% stock drop that lowered the company's market capitalization below $4 trillion. Interim CEO Colette Kress has assumed leadership while the board initiates a search for a permanent successor, a transition complicated by the absence of a designated second-in-command and ongoing congressional inquiries into Huang's influence on chip export policies. As the company prepares for testimony before US lawmakers, its long-term trajectory remains uncertain amidst global scrutiny over governance practices, family involvement, and strategic disagreements regarding access to the Chinese market.