The key facts

  • On November 12, Nvidia announced Jensen Huang's resignation as CEO
  • CFO Colette Kress was appointed interim head
  • According to Bloomberg sources, Huang called himself 'a piece of shit' and said he 'didn't care'

Resignation after weeks of resistance

Jensen Huang has stepped down as CEO of Nvidia: the company announced his resignation on November 12, appointing CFO Colette Kress as interim head. Bloomberg, citing sources, describes Huang's final hours in the role; Gazeta.Ru summarized the report.

What Bloomberg's sources said

According to the agency, on November 11 Huang, who for several weeks had denied accusations of infidelity and tried to keep his post, stopped resisting. Previously an energetic executive accustomed to being in control, he began answering everything with 'I don't care' and calling himself 'a piece of shit.' A source told the agency that Huang claimed he no longer cared about his own fate: his main concern, he said, was his wife and his desire not to 'ruin the lives' of the women mentioned in the reports about his infidelity.

Background of the scandal

Earlier this month, Nvidia launched an independent investigation following publications about an alleged Chinese spy operation against its CEO. The trigger was reports of Huang's romantic relationship with entrepreneur Alice Huang, whom US intelligence agencies suspect of cooperating with Chinese intelligence. In an open letter to employees, Huang admitted to infidelity, apologized to colleagues, the board of directors and shareholders, and promised to work on rebuilding trust. Earlier, Elon Musk had said he was ready to hire the Nvidia chief.

What remains unclear

Reports about Huang's state in his final hours in the role are based on Bloomberg sources and have not been officially confirmed. It is unknown how long Colette Kress will serve as interim head and who might become Nvidia's permanent leader; the publications contain no such information.