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Colette Kress Will Face Scrutiny at Nvidia

Bloomberg Technology ·

Colette Kress Will Face Scrutiny at Nvidia

The Brief · written from 162 sources

  • Jensen Huang resigned as Nvidia CEO, president and board member, effective immediately, after reports of affairs, including one with a woman US officials reportedly suspect of spying for China.
  • CFO Colette Kress was named interim CEO, and the board is working with an outside firm to find a permanent successor.
  • Nvidia's stock dropped as much as 14% at the open on Thursday, taking its market capitalization below $4 trillion.

Why it matters

Nvidia is without a permanent CEO and has no predetermined successor, so its strategy, product cadence, partner commitments and China-related policy may shift in the coming months.

Who’s affected

  • Developers and teams that build on Nvidia GPUs and CUDA
  • Nvidia partners, customers and investors

Nina Trentmann, senior editor at Bloomberg News, says Colette Kress is likely to become more visible as Nvidia’s interim CEO, speaking more about the company’s finances, performance and plans after Jensen Huang’s departure. She speaks with Vonnie Quinn on “The Close”. (Source…

Read the full story at bloomberg.com ↗

What developers are saying

Based on 3,288 comments · Mixed reactions

Commenters on Hacker News are divided. Some argue that a CEO's conduct, including the affair with an alleged spy, is a legitimate reason for the board to act, while others call the affairs a private matter and the firing an overreaction. Many also question whether the timing and motive are really about the affairs, pointing to export-control concerns and the risk of replacing a founder with no succession plan.

  • Affairs not the real reason30%
  • Board overreaction to private affairs20%
  • Export ban and China concerns20%
  • Risk of no succession plan15%
  • Conspiracy and coup speculation20%

In favour

  • + A CEO has a fiduciary duty to act in the company's interest, and having an affair with an employee and a suspected Chinese spy does not reflect that
  • + If the export ban was being skirted, that is a national security issue that goes beyond the affairs
  • + The board showing it will act to protect shareholders is a positive signal

Concerns

  • − Many CEOs cheat on their spouses, and this is not a reason to fire a CEO who drives shareholder value
  • − Replacing a founder who has no succession plan, right now, is risky
  • − The decision looks like a rushed hit job rather than a considered choice for the company
  • − One person's personal scandal wiping roughly $600 billion off market cap shows how much power is concentrated in too few people

“Having sex with your workers and chinese spies is obviously not the kind of behavior that reflects that.”

epolanski on Hacker News

“I think if you could know the truth, 75% of CEOs in the US probably cheat on their wives.”

saberience on Hacker News

“This all seems to be happening way too quickly to be just.”

Taek on Hacker News

Timeline

  1. Bloomberg reports Nvidia's board is meeting on Huang's fate and working with an outside firm to identify replacements

  2. Techmeme

    Sources: Jensen Huang had an extramarital relationship with Nvidia's VP of healthcare, Kimberly Powell, who reports to him; it was discussed inside the company (New York Times)

  3. Bloomberg Technology

    Nvidia Preparing to Oust Jensen Huang After Affairs, WSJ Says

  4. Hacker News: Front Page

    Nvidia is preparing to oust Jensen Huang

  5. Techmeme

    Sources: Nvidia's board is preparing to oust Jensen Huang; it plans to meet as soon as Wednesday to determine his future (Wall Street Journal)

  6. Bloomberg Technology

    Huang Said to Have Had Affair With Nvidia Executive: NYT

  7. AI | The Verge

    Nvidia is reportedly preparing to fire Jensen Huang

  8. Bloomberg Technology

    Nvidia Working With Outside Firm to Identify CEO Candidates · +1 reply

  9. AI News & Artificial Intelligence | TechCrunch

    Nvidia’s stock drops as board reportedly preps to oust CEO Jensen Huang

  10. Bloomberg Technology

    Nvidia Board Meets on Huang’s Fate After Affair With Alleged Spy

  11. Latest from Tom's Hardware

    Nvidia’s Board reportedly preparing to oust CEO Jensen Huang as second extra-marital affair emerges

  12. Nvidia announces Huang has resigned as CEO, president and board member; CFO Colette Kress named interim CEO

  13. Nvidia appoints ex-Synopsys CEO Harvey C. Jones as its first-ever board chair

  14. Techmeme

    Source: Nvidia's board is working with an outside firm to identify possible replacements for Jensen Huang and weighs naming a temporary CEO during the search (Bloomberg)

  15. Bloomberg Technology

    Nvidia Working With Outside Firm to Identify CEO Options

  16. Bloomberg Technology

    Nvidia’s CEO Change Won’t Derail AI Trade: Pepperstone

  17. Bloomberg Technology

    Nvidia to Decide on Jensen Huang’s Fate

  18. Techmeme

    Sources: some Nvidia board members favor naming CFO Colette Kress interim CEO; an administration official says the board briefed the White House on its meeting (Semafor)

  19. AI News & Artificial Intelligence | TechCrunch

    Who could replace Jensen Huang? A highly unscientific list of possible successors

  20. Bloomberg Technology

    Will Nvidia Replace Jensen Huang as CEO? What’s Next for AI, Markets?: Live Q&A

  21. Bloomberg Technology

    What Could Come Next After Huang’s Ouster?

  22. Techmeme

    Sources: some Trump officials questioned Jensen Huang's push for Trump to allow more chip sales to China, even before his affair with Alice Huang became public (Wall Street Journal)

  23. Bloomberg Technology

    HSBC’s Kettner Sees Nvidia CEO Change Priced In

  24. Bloomberg Technology

    Nvidia Drama Triggers Difficult Search for Huang’s Successor · +1 reply

  25. Bloomberg Technology

    Nvidia Faces More Risks in Deal Pace Than Huang Exit, BI Says

  26. Techmeme

    AMD shares rose 4%+ after hours after closing up 7.3%, while Broadcom gained 2.4% after hours following a 4% gain, as Nvidia's board weighs ousting CEO Huang (Financial Times)

  27. Bloomberg Technology

    Elon Musk Says It Would Be an Honor to Hire Nvidia’s Huang

  28. Bloomberg Technology

    The Nvidia Board Members Who Will Decide Jensen Huang’s Fate

  29. Bloomberg Technology

    Alice Huang Resurfaces in Beijing Amid Nvidia Scandal

  30. Bloomberg Technology

    Nvidia's Board Weighs Huang's Future After Affairs

  31. Techmeme

    A look at potential Nvidia CEO candidates, including CFO Colette Kress, CUDA inventor Ian Buck, Arm CEO Rene Haas, and Apple Chief Hardware Officer Johny Srouji (Bloomberg)

  32. Techmeme

    Sources: Alice Huang's business partner and husband Kang Wei spoke openly of her Jensen Huang relationship; Wei, who knew Jensen for a decade, introduced them (Lingling Wei/Wall Street Journal)

  33. Techmeme

    A look at Nvidia's 10-person board, many of whom have known Jensen Huang for decades, including attorney Stephen Neal, VC Tench Coxe, and academic John Dabiri (Bloomberg)

  34. Techmeme

    Sources: Nvidia employees, known for their fierce loyalty to Jensen Huang, have been left stunned and some are angry at the news of his extramarital affairs (Michael Acton/Financial Times)

  35. Bloomberg Technology

    Nvidia Default Risk Nears Record High as Board Weighs CEO’s Fate

  36. Bloomberg Technology

    Singapore Bars Alice Huang From Entry After False-Document Probe

  37. Bloomberg Technology

    Huang, Face of the AI Boom, Ousted by Nvidia Board as CEO

  38. Hacker News: Front Page

    NVIDIA Announces CEO Transition

  39. Hacker News: Best

    Jensen Huang resigns

  40. Hacker News

    4013 points · 3274 comments

  41. Techmeme

    Jensen Huang resigns as Nvidia CEO, president, and board member; CFO Colette Kress will be interim CEO, as the board considers candidates; NVDA drops 5%+ (Nvidia Newsroom)

  42. AI | The Verge

    Nvidia CEO Jensen Huang resigns amid spy, affair scandals

  43. Hacker News: Front Page

    Jensen Huang resigns as Nvidia CEO immediately

  44. Hacker News

    375 points · 14 comments

  45. Business Latest

    Jensen Huang Resigns as Nvidia CEO

  46. Phoronix

    NVIDIA CEO Jensen Huang Resigns

  47. Latest from Tom's Hardware

    Nvidia CEO Jensen Huang resigns in the wake of multiple affairs, Chinese spy allegations

  48. Engadget - Technology News & Expert Reviews

    Jensen Huang is out as NVIDIA CEO

  49. Bloomberg Technology

    Jensen Huang Ousted as Nvidia CEO

  50. TechCrunch

    Nvidia’s Jensen Huang resigns, chipmaker names CFO Colette Kress as interim CEO

  51. The Decoder

    Jensen Huang resigns as Nvidia CEO after espionage scandal wipes out $1.4 trillion in market value

  52. Business Latest

    Meet Colette Kress, Nvidia’s New Interim CEO

  53. www.theregister.com - Articles

    Jensen Huang resigns as Nvidia chief executive

  54. Bloomberg Technology

    Jensen Huang Resigns as Nvidia CEO

  55. Techmeme

    Nvidia appoints ex-Synopsys CEO Harvey C. Jones as its first-ever board chair; the board's Jensen Huang exit press release does not include a quote from Huang (Hayden Field/The Verge)

  56. Techmeme

    Singapore says it held Alice Huang's passport from June 2025 to February 2026 and released her with a "stern warning" after the US provided very little help (Paul Mozur/New York Times)

  57. AI News & Artificial Intelligence | TechCrunch

    The unfolding Jensen Huang scandal: a timeline · +1 reply

  58. Techmeme

    A profile of interim Nvidia CEO Colette Kress, who joined in 2013 after working at Cisco and Microsoft; as CFO, Kress criticized US export controls on China (Adam Satariano/New York Times)

  59. Bloomberg Technology

    What Huang's Departure Means for the Future of Nvidia

  60. Bloomberg Technology

    Nvidia Market Value Sinks Below $4 Trillion After Huang Resigns

  61. Techmeme

    Jensen Huang's Nvidia ploughed its vast profits into bankrolling AI startups, suppliers, and chip customers, a web of dependencies that could now unravel (Financial Times)

  62. Techmeme

    Jensen Huang's resignation caps a 33-year career, growing Nvidia from a GPU maker to AI giant; born in Taiwan, he moved to the US at 10 and owns 3.6% of Nvidia (Amrith Ramkumar/Wall Street Journal)

  63. Techmeme

    Nvidia dropped 14% at Thursday's open after Jensen Huang resigned, erasing $600B+ in value and taking its market cap below $4T for the first time since 2025 (Bloomberg)

  64. Bloomberg Technology

    Nvidia Turns to CFO Kress to Steady Ship After Huang Exits

  65. AI News & Artificial Intelligence | TechCrunch

    Jensen Huang is out at Nvidia — who is Colette Kress, his interim replacement?

  66. Latest from Tom's Hardware

    Elon Musk says it ‘would be an honor’ to hire ousted Nvidia CEO Jensen Huang

  67. AI | The Verge

    Read Nvidia’s internal emails about the ‘extraordinarily difficult period’ amid CEO shakeup

  68. Bloomberg Technology

    Nvidia Shake-Up Is a Buying Opportunity, Says Analyst Chkaiban

  69. Techmeme

    President Trump says Tim Cook is the "only one man" to take Jensen Huang's place as Nvidia CEO, adding "A Legend replaces a Legend!" (Zac Hall/9to5Mac)

  70. Bloomberg Technology

    With Jensen Huang Gone, Who Will Be Nvidia's Next CEO?

  71. AI News & Artificial Intelligence | TechCrunch

    Trump floats Apple chairman Tim Cook as Jensen Huang’s successor

  72. Bloomberg Technology

    Read the Memos From Nvidia Leaders After Jensen Huang Ouster

  73. Techmeme

    Staff email: interim Nvidia CEO Colette Kress cites "an extraordinarily difficult period" and sets a meeting to "hear more from leadership" on November 18 (Terrence O'Brien/The Verge)

  74. Latest from Tom's Hardware

    President Trump says Apple’s Tim Cook is the only man to replace Jensen Huang as Nvidia CEO

  75. Bloomberg Technology

    Must be a 'Tech Mind' in Nvidia CEO Position, Says Ted Mortonson

  76. AI | The Verge

    Jensen Huang is out. What did China want from him?

  77. AI News & Artificial Intelligence | TechCrunch

    Five ways Jensen Huang’s ouster from Nvidia could damage the AI industry

  78. Bloomberg Technology

    Jensen Huang on AI Optimism and Nvidia’s Next CEO

  79. Bloomberg Technology

    What We Know About Nvidia's Interim CEO Colette Kress

  80. Techmeme

    Colette Kress may take a more conservative approach than Jensen Huang; sources say she sometimes pushed back on his riskier deals like backstopping OpenAI (Phoebe Liu/The Information)

  81. Bloomberg Technology

    With Jensen Huang Out, What’s Next For Nvidia, China and AI Race? Live Q&A

  82. DEV Community: ai

    When a Company Becomes Too Dependent on One Person

  83. Bloomberg Technology

    Nvidia Fallout Puts China-US Trade Truce To The Test

  84. AI | The Verge

    The Jensen Huang scandal is hardly over

  85. Bloomberg Technology

    Jensen Huang's Of The World Are 'Irreplaceable' Says Monaghan

  86. GeekWire

    Nvidia founder’s wife faces spotlight that MacKenzie Scott and Melinda French Gates know well

  87. Business Latest

    Jensen Huang Basically Lit More Than $1 Trillion on Fire in Less Than a Month

  88. Hacker News: Front Page

    Singapore Says U.S. Not Helpful on Investigation into Suspected Spy's Company

  89. Bloomberg Technology

    Former Prosecutor Breaks Down Nvidia’s Legal Exposure

  90. Bloomberg Technology

    Jensen Huang Ousted By Nvidia Board As CEO

  91. Bloomberg Technology

    Nvidia Names Colette Kress as Interim CEO

  92. GeekWire

    Nvidia’s interim CEO spent 13 years at Microsoft, far from the spotlight

  93. Business Latest

    Jensen Huang’s $470 Billion Affair

  94. Bloomberg Technology

    ‘Dark Day’: Silicon Valley Mourns Nvidia’s Decision to Oust CEO

  95. Engadget - Technology News & Expert Reviews

    Who is Collette Kress, NVIDIA's interim CEO?

  96. Bloomberg Technology

    How Huang’s Resignation Could Hurt US AI

  97. Techmeme

    Sources: Jensen Huang had an intimate relationship with a second employee; revelations about two other extramarital affairs led to his resignation (Reuters)

  98. Hacker News: Front Page

    Former Nvidia CEO Huang had a relationship with a second employee, sources say

  99. www.theregister.com - Articles

    Jensen Huang's self-sabotage sends Nvidia into a midlife crisis

  100. AI News & Artificial Intelligence | TechCrunch

    Jensen Huang was having a third affair, Reuters reports

  101. Business Latest

    Jensen Huang Didn’t Name His Own Replacement as One of Tech’s Most Powerful Women

  102. Bloomberg Technology

    Nvidia, AI Industry Face Prospect of Future Without Huang

  103. Bloomberg Technology

    Nvidia Can Weather Huang's Departure, Ross Gerber Says

  104. Bloomberg Technology

    Wall Street Whistles Past Nvidia Risk to Bet on Wobbly AI Trade

  105. Tech | The Verge

    ‘It’s a mistake’: reactions from tech leaders on Jensen Huang’s resignation

  106. Bloomberg Technology

    Huang Ousted By Nvidia Board As CEO | Closing Bell

  107. Bloomberg Technology

    What Jensen Huang’s Exit Means for Nvidia

  108. Business Latest

    Jensen Huang Is Out. Will Nvidia’s Rivals Cash In?

  109. Business Latest

    Silicon Valley Is Still Defending Jensen Huang

  110. Bloomberg Technology

    Can Huang's Exit Create Chip Competition

  111. Nvidia says it is in the process of selecting a search firm and has not formally engaged any CEO candidates

  112. Bloomberg Technology

    Nvidia May Face Employee Churn, Analyst Says

  113. Techmeme

    Sources: President Trump urged Jensen Huang to keep fighting for his job in a Tuesday call; aides say Trump saw the company as essentially too big to fail (New York Times)

  114. Tech | The Verge

    Donald Trump really wants Tim Cook to run Nvidia

  115. Bloomberg Technology

    Inside Jensen Huang's Final Hours as the CEO of Nvidia

  116. Bloomberg Technology

    Trump Says Huang Told Him He Regrets Scandal’s Toll on Family

  117. Business Latest

    ‘Bring Back THE Boss’: Nvidia Employees Petition for Jensen Huang’s Return

  118. Techmeme

    Sources close to Jensen Huang say he has taken a penitent turn, castigated himself as a "piece of shit", and claims to not care what happens to himself (Bloomberg)

  119. Techmeme

    Sources: Nvidia faced pressure to boost its 25% residual value support backstop on a planned $500B AI financing vehicle with asset managers before Huang's exit (Bloomberg)

  120. Bloomberg Technology

    Nvidia Sees Record Open Retail Buy After CEO Ousted, Vanda Says

  121. Bloomberg Technology

    Nvidia CEO Search: Who Are the Candidates for Permanent Role?

  122. Bloomberg Technology

    Jensen Huang Exit Sets Up US-China Showdown Over AI Chip Curbs

  123. Latent Space

    [AINews] Jensen Huang resigns after 33 years leading NVIDIA

  124. Latest from Tom's Hardware

    Mass smuggling of Nvidia AI GPUs could be the underlying cause of Jensen Huang's departure, analysts claim

  125. Bloomberg Technology

    Nvidia’s AI Chip Share Set to Shrink: Akarca

  126. Bloomberg Technology

    Nvidia’s France Pledges Remain Intact: Varza

  127. Bloomberg Technology

    Jensen Huang’s Nvidia (NVDA) Scandal Fuels Push for Tighter China Chip Curbs

  128. Bloomberg Technology

    Nvidia in Crisis: What Next? | Bloomberg Tech: Europe

  129. Bloomberg Technology

    Dan Ives Cuts Nvidia Price Target, But Stays Bullish Post-Huang

  130. AI | The Verge

    Let’s talk about Jensen Huang’s many affairs!

  131. Bloomberg Technology

    Jensen Huang’s Supporters See Nvidia Exit as Lesson for Founders to Keep Control

  132. AI News & Artificial Intelligence | TechCrunch

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

  133. Bloomberg Technology

    Dan Ives on Nvidia Without Jensen Huang, Microsoft Outage

  134. Bloomberg Technology

    Nvidia’s Biggest Risk Is Product Pace: Windsor

  135. Techmeme

    Source: at a meeting in August 2026, Jensen Huang interrupted Colette Kress' presentation, calling her "a deer in the headlights" and just a "reporting CFO" (Wall Street Journal)

  136. AI News & Artificial Intelligence | TechCrunch

    Israel’s VCs see opportunity for challengers in Nvidia’s turmoil

  137. Techmeme

    Jensen Huang's downfall exposes Nvidia's internal politics; source: Huang ran Nvidia as a "feudal system" with his daughter and son-in-law in powerful positions (Financial Times)

  138. Latest from Tom's Hardware

    ‘Broken and shattered’ Nvidia CEO Jensen Huang surrendered during resignation meeting, report claims

  139. Techmeme

    Jensen Huang's biographer says there was a culture of omertà and deference towards Huang inside Nvidia that enabled him to "be his worst self" (Stephen Witt/New York Times)

  140. www.theregister.com - Articles

    Most affairs don't matter except to the people involved. Ex- Nvidia CEO Jensen's blunder will rock the world

  141. AI | The Verge

    What’s really at stake in the Jensen Huang saga

  142. Rest of World -

    How Jensen Huang’s exit from Nvidia impacts China’s AI supply chain

  143. DEV Community: ai

    Jensen is out. CUDA isn't. A Developer's Guide to Everything Nvidia Built

  144. Techmeme

    Sources: Nvidia's board has approached Arm CEO Rene Haas in its search for a potential successor to Jensen Huang; Haas worked at Nvidia more than a decade ago (Michael Acton/Financial Times)

  145. Techmeme

    Wall Street fears Jensen Huang's ouster will slow Nvidia's AI dealmaking; sources: its $500B lending consortium is in flux and at least one lender may exit (New York Times)

  146. Bloomberg Technology

    Nvidia Scandal Raises New Concerns About Scale of Chinese Spying

  147. Bloomberg Technology

    Best Thing to Happen for China is Jensen Out of the Picture, Says Ives

  148. Bloomberg Technology

    Huang and the Myth of the ‘Irreplaceable CEO’

  149. Tech | The Verge

    Jensen Huang was reckless with the environment, too

  150. Stratechery by Ben Thompson

    2026.46: The End of Jensen

  151. Bloomberg Technology

    From CFO to Interim CEO: Kress Takes Charge at Nvidia

  152. Bloomberg Technology

    Nvidia Fallout, Microsoft Outage and Anthropic’s IPO Push

  153. Techmeme

    Some investors and founders say they lost an ally in Jensen Huang; Nvidia held $48B in 229 private companies as of July and offered $165B in cloud backstops (New York Times)

  154. Bloomberg Technology

    Ackman on Huang's Exit, Anthropic IPO Roadshow

  155. Bloomberg Technology

    Lutnick Under Fire as Bessent Blames Commerce for Nvidia Crisis

  156. The Decoder

    Jensen Huang's ouster likely traces back to Nvidia's risky business practices more than his personal life

  157. Bloomberg Technology

    People Have 'No Idea' How Much Nvidia Impacts Daily Life, Says Aaron Brown

  158. Bloomberg Technology

    Huang’s Exit Leaves Silicon Valley Unsure About AI Boom’s Future

  159. Techmeme

    Nvidia board says it is "in the process of selecting a search firm" for the CEO role and it has "not formally engaged any potential candidates" (CNBC)

  160. Bloomberg Technology

    Nvidia Says Speculation on New CEO Candidates Is ‘Premature’

  161. Bloomberg Technology

    Inside Jensen Huang’s Last Hours as Nvidia CEO

  162. Latest from Tom's Hardware

    Nvidia board reportedly approached Arm CEO Rene Haas during replacement search

  163. AI News & Artificial Intelligence | TechCrunch

    Jensen Huang’s departure blasts big hole in AI startup funding, VCs and founders say

  164. Bloomberg Technology

    Colette Kress Will Face Scrutiny at Nvidia

  165. Techmeme

    Sources and messages: Jensen Huang misled several Nvidia leaders, including general counsel Tim Teter, about the nature of his relationship with Alice Huang (Reuters)

Full coverage · 162 sources

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