Emily Grafeo

Nvidia’s Huang Ousted by Board

Huang, Emily Chang, Ed Ludlow, Michael Deng, Carol Masser, Tim Stenevek, Charlie Pellett, Emily Grafeo

NVIDIA's board ousted founder and CEO Jensen Huang amid investigations into two extramarital affairs, including one with a woman linked to espionage, forcing him to forfeit $108 million in equity and ending his 33-year tenure. Interim CEO Colette Kress and new chairman Harvey C. Jones assume control as the company faces a 14.4% intraday share drop, while the U.S. Justice Department probes Huang's former partner for potential smuggling of chips to China. This leadership crisis at the $4 trillion AI giant has triggered concerns over succession planning, sparked geopolitical tensions ahead of the APEC summit, and drawn scrutiny to U.S. officials regarding their awareness of potential national security risks.