Nvidia names Colette Kress as CEO after Jensen Huang steps down

Nvidia (NASDAQ: NVDA) has handed its top job to finance chief Colette Kress after co-founder Jensen Huang stepped down as chief executive and left the board. The company made the announcement on Thursday, bringing an end to 33 years of history where Nvidia evolved from a graphics chip firm to a $4 trillion giant that finds itself at the core of the AI spending rush. Jensen’s exit follows reports of two affairs, claims that he has been working with Chinese spies, and suspicions of violating U.S. regulations for chip sales. The shares of Nvidia lost 10% value prior to Wall Street’s opening.

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