The end of the Jensen Huang era at Nvidia.
Hussein Mousavi.
Jensen Huang, CEO and chairman of the board of Nvidia, has resigned from the company after 33 years. Colette Kress, the company's longtime CFO, took the helm of the chip giant on an interim basis. At the same time, the board of directors began to examine internal and external options for selecting a permanent CEO.
This resignation occurred in a situation where reports were published about Huang's personal relationship with one of Nvidia's top executives. The company has not yet announced the official reason for the resignation. Also, the board announced the start of an independent investigation, but has not yet published the results.
The management crisis spread to the stock market. Nvidia stock fell sharply in early trading after the news. Investors are now waiting to see how the new management will promote the company's product offering and commitments to customers.
On the other hand, Hwang announced his willingness to answer the representatives of the US Congress. Lawmakers want to hear about his communications, the protection of sensitive information and the ability of foreign agents to access Nvidia's technologies. At the same time, the investigation of Alice Huang, the former director of the Singaporean Mega Speed company, continues.
Now Nvidia's future is tied to two issues; The selection of Huang's permanent successor and the clarification of the dimensions of the portfolio marked the departure of one of the most influential figures in the artificial intelligence industry.
Details of the report on the World Economy website.
The official channel of Donya Akhtaz newspaper.